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…
Pakistan’s OMC industry saw a 2% YoY growth in petroleum sales, reaching 1.14 million tons in February ’25. The improvement in sales is attributable to i) resurgence of demand for…
Pakistan Petroleum Ltd (PPL) has reported a 2QFY25 consolidated NPAT of PKR27.2bn (EPS: PKR10.02), reflecting a 20% QoQ increase but a 32% YoY decline. The result significantly exceeded our estimated…
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 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…
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…
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…
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…
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…
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 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 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)…
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…
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'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…
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…
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…
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, 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’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…
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…
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…
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 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…
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.…
