SSGC disconnects 2,012 illegal connections
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 discovers gas at Soho-1 in Sujawal Block, Sindh
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…
Petroleum sales rise 6% YoY to 13.2mn tons in 10MFY25
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, earnings fall on weaker volumes and oil prices
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…
PPL announced an interim cash dividend of PKR 1.0/share for 3QFY25
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…
PSO posted a net profit of PKR 15.3 billion in 9MFY25
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 posts strong 3QFY25 earnings
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…
E&P’s 3QFY25E result preview indicate lower production may hit earnings
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, MARI, OGDC and PPL will likely present mixed results for 9MFY25
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:…
Pakistans’s oil and gas production declined by 11% and 7% YoY, respectively
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…
PPL secures Lead-Zinc lease in Khuzdar via JV with Balochistan Govt
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 up 26% YoY, and gas reserves remained stable in Dec 24
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…
NRL discovers significant Copper-Gold Mineralization in Chagai, Balochistan
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 – Fourth discovery at Spinwam-1, Waziristan Block
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 rebound by 5% YoY in Mar’25
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 OMC sector sales up by 4% YoY during 9MFY25
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…
Spinwam-1-1 1 discovery impact on Mari and OGDC: IMS Research
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 confirm the completion of the Reko Diq feasibility study
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…
Govt briefs foreign ambassadors on Pakistan Minerals Investment Forum 2025
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 – Second discovery at Spinwam-1, Waziristan Block
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…
OGDC – Gas discovery at Soghri North-1, Attock
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.…
Harnessing the economic potential of Pakistan’s minerals landscape
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…
Pakistan’s exploration sector revealed a mixed performance during 2QFY25.
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 saw during 8MFY25, petroleum sales increase by 4% YoY
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 earnings beat on higher other income
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…