OGDC announced PkR4.05/sh for 2QFY25 period
Oil & Gas Development Company Ltd (OGDC) reported its 2QFY25 earnings earlier today. The company posted a Profit After Tax (PAT) of PkR41.4bn (EPS: PkR9.63) for the quarter, down 44%…
MARI – Discovery of Spinwam-1 in Waziristan Block
Mari Energies Ltd (MARI), the operator of Waziristan Block, has discovered hydrocarbons in the exploratory well i.e. Spinwam-1, having a flow rate of 12.96mmcfd/20bpd of gas and oil, respectively. This…
OGDCL Partners with LUMS to Establish Cleantech/Energytech Grant
Oil and Gas Development Company Limited (OGDCL) has awarded the LUMS Centre for Entrepreneurship (LCE) a Cleantech/EnergyTech Grant to establish a dedicated space within its co-working facility. This initiative aims…
Wafi Energy Pakistan announces financial results for 2024
The Board of Directors of Wafi Energy Pakistan Limited (WEPL) has announced the company’s financial results for the year ending December 31st, 2024. The company reported a profit after tax…
Pakistan Oil & Gas – Reko Diq feasibility update: Long-term value emerges for OGDC & PPL
Barrick Gold Corporation, the 50% operating partner in the Reko Diq Mining project, recently provided an update on the highly anticipated revised feasibility study in its latest press release for…
PSO posts of PKR 11.2 bn profit in 1HFY25
Pakistan State Oil (PSO), the nation's energy leader, delivered a stable performance in 1HFY25, posting a net profit of PKR 11.2 billion and gross sales of PKR 1.74 trillion. The…
OMC sales up 8% MoM in Jan 2025; 7MFY25 sales up 4% YoY
Pakistan's Oil Marketing Companies (OMCs) recorded sales of 1.28mn tons in Dec 2024. This represents a 3% YoY increase, driven by lower petroleum product prices, macroeconomic stabilization, and a decline…
Faysal Bank, PSO collaborate for digital payment innovation
Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic Banks, has recently signed a strategic MoU with Pakistan State Oil (PSO) to expand digital acceptance solutions at PSO fuel stations…
Attock Petroleum announced an interim cash dividend of PKR 12.50/share in 2QFY25
Attock Petroleum Limited (APL) announced the financial result for 1HFY25, whereby the company has posted a net profit of PKR 5,123mn (EPS: PKR 41.18) against PKR 7,800mn (EPS: PKR 62.69)…
Pakistan OMCs – 2QFY25 Result previews: Strong diesel sales to power OMC profits
We expect the IMS OMC universe (PSO and APL) to report 2QFY25f NPAT of PKR11.9bn, rising 87% sequentially. The substantial increase is primarily led by the absence of inventory losses…
Unlocking growth potential: D&B Pakistan & PSO join hands
Dun & Bradstreet Pakistan (D&B) has partnered with Pakistan State Oil Company Limited (PSO), the country's leading energy company, to enhance its supplier risk management capabilities. Through this collaboration, PSO…
Pakistan Oil Marketing Companies see 1HFY25 sales up 4% YoY
Pakistan's Oil Marketing Companies (OMCs) recorded sales of 1.28mn tons in Dec 2024. This represents a 3% YoY increase, driven by lower petroleum product prices, macroeconomic stabilization, and a decline…
SSGC saw the reduction in UFG losses in1QFY24.
Sui Southern Gas Company Ltd. (SSGC) held its corporate briefing session today to discuss FY23 financial results and provide insights on the future outlook. The key takeaway from the call…
NRL has boosted its crude oil processing capacity from 62,050 barrels/per day
National Refinery Limited (NRL) held its corporate briefing session today to discuss FY24 financial results and provide insights on the future outlook. The key takeaway from the call is as…
OGDC announces discovery of Bettani-2 in Wali Block
Oil and Gas Development Company Ltd (OGDC), the operator of Wali Block, has discovered a second well, i.e. Bettani-2, having a flow rate of 2.1mmcfd/74bpd of gas and oil, respectively.…
Careem partners with PSO to simplify Captains’ journey
Careem, the pioneer of ride-hailing in Pakistan and Pakistan State Oil (PSO) have collaborated to offer PSO’s products and services on discounts to the Captains registered on the Careem Platform.…
Pakistan, during 5MFY25, noted petroleum sales up by 5% YoY
Pakistan’s petroleum sales reached a 25-month high of 1.58mn tons during November ’24, up 15% year over year. The jump in sales comes from higher demand amid i) curbs on…
24-hours Gas Holiday for all Industries: SSGC
Due to the shortages of gas supplies in SSGC’s system, gas availability has decreased, resulting in the depletion of the line pack and low pressures in the system. Pursuant to…
PPL announced discovery of a second formation in Pateji X-1
Pakistan Petroleum Limited (PPL), operator of the Shah Bandar Block in District Sujawal, Sindh, has announced a second formation discovery at the Pateji X-1 well. The discovery is expected to…
OCAC proposes to increase OMC margin by PKR 4.78/ltr
After the Oil and Gas Regulatory Authority (OGRA) proposed revising margins, the Oil Companies Advisory Council (OCAC) proposed increasing OMC margins by PKR 4.78/ltr to PKR 12.65/ltr from the current…
Sui Northern Gas Pipelines 3QFY24 profitability climbs up by 62% YoY
Sui Northern Gas Pipelines Limited (SNGP) announced the financial result for 9MFY24 today, positing a profit after tax (PAT) of PKR 10,724mn (EPS: PKR 16.91), up 28% YoY. On a…
PPL annoucnes discovery of Pateji X-1 in Shah Bandar Block
Pakistan Petroleum Limited (PPL), the Shah Bandar Block operator in District Sujawal, Sindh, has reported the discovery of Pateji X-1 with estimated production flows of 11.7mmcfd gas and 198bpd condensate.…
OGDC expects to complete the feasibility study and financing for the Reko Diq project by Dec 2024.
Topline Securities hosted the Pakistan Energy Conference 2024, where the first session featured the Oil & Gas Development Company (OGDC). The speaker for this session was Mr Mohammad Anas Farook,…
Attock Refineryreceives a US$60-70/ton premium over the prevalent export price of RFO in FY24
Attock Refinery Limited (ATRL) held its analyst briefing today to brief investors about FY24 financial results and shed light on the future outlook: The company posted an NPAT of PkR25.2bn…
Attock Petroleum is expanding storage capacity in Rawalpindi and Port Qasim
The management of Attock Petroleum Limited (APL) held a corporate briefing session on 7th Nov’24 to discuss the FY24 financial result and future outlook. Brief Takeaways § APL reported a profit after tax…