Mari Energies Limited (MARI) has agreed with Orient Petroleum Inc. (OPI) to acquire a stake in three blocks: Marwat (45%), Harnai South (45%), and Ratana (20%). The transaction reinforces Mari…
As per released figures from PPIS for Jun’25, oil/gas production for the year amounted to 62.4k bpd and 2,882mcfd, reflecting a decline of 12%/8%YoY. We expect rebound in domestic hydrocarbons…
Oil and Gas Development Company Limited (OGDCL) has successfully enhanced production at its Rajian well-05 in Chakwal district by installing an Electrical Submersible Pump (ESP), resulting in a significant increase…
Oil and Gas Development Company Ltd (OGDC) has enhanced production in Rajian-05 through installation of electrical submersible pumps (ESP). Following the workover, production has increased to 3.1kbpd of oil and…
Oil and Gas Development Company Limited (OGDCL) has signed a tripartite Memorandum of Understanding (MoU) with the Prime Minister’s Youth Programme (PMYP) and the National Vocational and Technical Training Commission…
• Jun’25: Petroleum sales increased by 8% YoY Pakistan’s petroleum sales in Jun’25 ascended by 2% MoM, primarily due to i) Anticipation of a potential increase in local oil prices, amid…
In a significant policy move, the Oil and Gas Regulatory Authority (OGRA) has approved a notable increase in gas prices that is expected to affect various sectors across Pakistan. The…
Chairman Businessmen Group Zubair Motiwala and President Karachi Chamber of Commerce & Industry (KCCI), Muhammad Jawed Bilwani, while strongly opposing proposal to increase gas tariff for industrial processes in the…
MOL Pakistan Oil & Gas Co B.V. (MOL) has encountered additional hydrocarbons from the development well Makori Deep-03 in the TAL block, District Karak, KPK. The tested hydrocarbons from the…
Arab Light gained more than 21.3% during Jun’25 and 11% since June 13, 2025 due to escalating geopolitical tensions in the Middle East. The movement of large volumes of oil…
Senior Vice Chairman of the Pakistan Petroleum Dealers Association, Malik Khuda Bakhsh, has claimed that due to the Iran-Israel conflict, oil marketing companies in the country are not supplying petroleum…
Topline Pakistan Research has highlighted Pakistan Petroleum Limited (PPL) and its future growth prospects. The research firm reiterates its 'BUY' recommendation on PPL, setting a target price (TP) of Rs…
A high-level Pakistani delegation, led by Federal Minister for Petroleum Ali Pervaiz Malik, held a meeting with representatives of Gazprom, Russia’s leading oil and Gas Company, headed by Mr. Sergey…
Pakistan State Oil Ltd (PSO) held its analyst briefing today to discuss its financial results for 9MFY25: Recalled here, the company's net sales declined by 13% year-over-year (YoY) to PKR…
Oil & Gas Development Company Limited (OGDCL) on Thursday announced a significant oil and gas discovery from its exploratory efforts at the Faakir-1 well, located within the Bitrisim Exploration License…
Oil and Gas Development Company Ltd (OGDC) has announced an oil and gas discovery at the exploratory well Fakir-1, located in the Bitrism E.L., Khairpur, Sindh. The company (95% working…
MOL Pakistan has reaffirmed its commitment to strengthening healthcare infrastructure in Khyber Pakhtunkhwa by donating fully equipped ambulances to the District Administrations of Karak and Kohat. At a ceremony held…
According to a report by Topline Pakistan Research, Pakistan’s Oil Marketing Companies (OMCs) recorded sales of 1.53 million tons in May 2025, up 10% year-over-year (YoY) and 5% month-over-month (MoM).…
Sui Southern Gas Company has been pulling out all stops to reduce incidents of gas theft in its franchise provinces of Sindh and Balochistan. In an intensive anti-gas theft crackdown…
Addressing a media gathering at the Head Office of Sui Southern Gas Company, the Federal Minister for Petroleum, Mr Ali Pervaiz Malik, shared the vision of Prime Minister Mian Muhammad…
The Honorable Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, accompanied by the Additional Secretary (Policy), Petroleum Division Mr. Zafar Abbas visited the Corporate Headquarters of Pak-Arab Refinery Limited (PARCO)…
Federal Minister for Petroleum, Mr. Ali Pervaiz Malik, accompanied by Mr. Zafar Abbas, Additional Secretary Petroleum, Ministry of Energy (Petroleum Division), Mr Waqas Ahmed Barlas, Director to the Minister DS…
MD & CEO, Pakistan Petroleum Limited (PPL) Mr. Imran Abbasy as Chief Guest, formally inaugurated the Center of Excellence for Research, Development and Training (CERDT) at the University of Engineering…
OGRA has set the prescribed prices for FY26 at PKR 1,895/mmbtu for SNGP and PKR 1,659/mmbtu for SSGC, depicting a 6.57% increase for SNGP and a 5.90% decrease for SSGC.…
Against the demand for a 40-42% hike by Sui North (SNGP), the Oil and Gas Regulatory Authority (OGRA) has decided to allow a 6.6% hike. SNGP demanded an exorbitant hike…
