Oil and Gas Development Company Limited (OGDCL) has signed an agreement with the Government of Sindh and SZABIST ZABTech to establish a state-of-the-art Technical and Vocational Education and Training (TVET)…
Mari Energies Limited (MariEnergies) has been provisionally awarded 10 new exploration blocks in Pakistan's onshore bid round 2025. The Directorate General of Petroleum Concessions (DGPC) awarded the blocks after a…
Sui Southern Gas Company Ltd. has shown zero tolerance against cases of gas theft over the years and has been fighting to eliminate this evil from society ever since the…
Mari Energies Ltd (MARI) has announced a gas discovery at the exploratory well Soho-1 in the Sujawal Block, Sindh. The company (100% working interest) successfully tested across two formations, with…
Pakistan’s oil marketing sector posted a modest but encouraging recovery, with total petroleum product sales reaching 13.22 million tons during the first ten months of FY2025 (10MFY25), reflecting a 6%…
OGDC announced its 3qfy25 results earlier today, posting an NPAT of PKR 47.1 billion (EPS: PKR 10.96), down 1% year-over-year — in line with our expectations. The company also announced…
Pakistan Petroleum Limited (PPL) reported its 3QFY25 earnings earlier today, clocking in at PkR21.9bn for the quarter (EPS: PkR8.05), lower by 21%YoY — in line with our expectations. The annual…
Pakistan State Oil (PSO), a leading player in the nation’s energy sector, has reported a steady financial and operational performance for the nine months ended March 31, 2025 (9MFY25), highlighting…
Mari Energies Ltd. (MARI) has announced its financial results for the third quarter of FY25, reporting a net profit after tax (NPAT) of PKR 15.9 billion (EPS: PKR 13.25). This…
We expect E&P sector earnings to decline by 14%YoY during 3QFY25, on the back of i) lower hydrocarbon production due to supply curtailments, ii) lower oil and wellhead gas prices,…
POL: Pakistan Oilfields Limited is scheduled to announce its financial results for the period soon, where we expect the company to post a profit after tax of PKR 17,577mn (EPS:…
Oil and gas production in Pakistan declined 11% and 7% YoY, respectively, during 9MFY25. The contraction in hydrocarbon output stems from forced curtailments at Nashpa and the TAL block amid…
Pakistan Petroleum Ltd (PPL) has signed the Barytes, Lead & Zinc (BLZ) Project with the Government of Balochistan, integrating a Lead and Zinc mining lease in Khuzdar. Operated through its…
Pakistan’s oil reserves witnessed a robust 23% YoY increase, reaching 238mn bbl in Dec’24 compared to 193mn bbl in Dec’23, fuelled by the rising reserve size of key oil fields…
National Resources Limited (NRL) has discovered significant copper-gold mineralization in Chagai, Balochistan. Muhammad Ali Tabba, Chairman of NRL and CEO of Lucky Cement Limited, announced this today while addressing the…
Mari Energies Ltd (MARI) has achieved a milestone, its fourth discovery at the Spinwam-1 well in the Waziristan Block, KPK (working interest: 55%), with tested flows of 70.3mmcfd of gas…
OMC volumes for Mar’25 clocked in at 1.22mn tons, up 5%YoY/7%MoM. MS and HSD volumes increased by 1% Yoy/4%mom and 5% Yoy/14% MoM, respectively, led by recovering cross-country travel during…
Pakistan’s OMC sector saw a 5% YoY growth in petroleum sales, reaching 1.22 million tons in March ’25. The YoY growth in sales is attributable to several factors: i) higher…
Mari Energies Ltd. (MARI) has announced a third gas and condensate discovery at its highly anticipated Spinwam-1 1 1 exploratory well in the North Waziristan block (formerly Bannu West). The…
OGDC and PPL have confirmed the completion of the feasibility study for the Reko Diq Mining Project, marking a significant milestone in the project’s development. With an estimated 37-year production…
Pakistan's Federal Minister for Energy (Petroleum Division), Ali Pervaiz Malik, on Friday briefed foreign ambassadors on the upcoming Pakistan Minerals Investment Forum 2025 (PMIF25) and invited delegates from their respective…
Mari Energies Ltd (MARI) has achieved a second discovery at the Spinwam-1 well in the Waziristan Block, KPK (working interest: 55%), with tested flows of 20.5mmcfd of gas and 117bpd…
Oil and Gas Development Company Ltd (OGDC) has successfully discovered the Soghri North-1 exploratory well in Attock District, Punjab. The well yielded 13.95mmcfd of gas and 430bpd of oil, respectively.…
Pakistan has abundant mineral resources and immense economic growth and industrial development potential. The country’s vast reserves of minerals, including coal, copper, gold, iron ore, chromite, and precious stones, provide…
The exploration sector revealed a mixed performance during 2QFY25. Companies posted net sales and PAT of ~PKR 217.32bn and ~PKR 87.51bn, down by 13.23% YoY and 37.33% YoY, respectively. Major…
