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By Aftab Ahmed | November 24, 2025
Oil & Gas Development Company Limited (“OGDC”) reported oil production of about 30,919 barrels-per-day and gas of 652 mmcfd in FY25, and outlined recovery, exploration and cash-flow targets ahead. OGDC held its corporate briefing session on Monday to detail its fiscal 2025 performance and future strategy. The company produced around 30,919 bpd of oil and…
By Aftab Ahmed | November 24, 2025
The Oil and Gas Regulatory Authority (OGRA) on Monday reduced average prescribed gas sale prices for both Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) by up to 8 % and passed on about Rs 60 billion of past adjustments to consumers. The Oil and Gas Regulatory Authority (OGRA) has…
By Salman Khan | November 24, 2025
A high-level meeting on winter gas load management was held under the chairmanship of Federal Minister for Petroleum Ali Pervaiz Malik. Minister Ali Pervaiz Malik said that, on the special directives of the Prime Minister, every possible step be taken to ensure adequate gas supply to the public during the winter season. The Managing Directors…
By Salman Khan | November 24, 2025
Pakistan Petroleum Limited (PPL) is pleased to announce successful workover operations of well in Adam West field located in Hala Block, District Matiari, Sindh. The Company is the operator of the Block with 65 percent working interest (WI), along with JV partner Mari Energies Limited with 35 percent WI. Discovery of hydrocarbons was made in…
By Salman Khan | November 24, 2025
The number of defective and burnt electricity meters within the Lahore Electric Supply Company (LESCO) network has reached record levels, official documents reveal. As many as 105,000 meters, including both single-phase and three-phase types, have been reported as faulty or damaged across the service areas. LESCO recorded 102,000 damaged single-phase meters and 2,400 three-phase meters…
By Salman Khan | November 24, 2025
Pakistan and Saudi Arabia will co-host a Riyadh business forum where Islamabad plans to present investment-ready power sector projects on January 14, 2026. Officials say the event is designed to deepen economic cooperation and attract new Saudi capital, particularly in Pakistan’s expanding renewable energy market. The initiative comes as the government seeks to revive foreign…
By Aftab Ahmed | November 20, 2025
Pakistan Oilfields Limited (POL) reported a net profit of Rs 5.4 bn (EPS: 19.13), up 2.1 times YoY, as Razgir gas output begins and offshore exposure is held in check. Pakistan Oilfields Limited (POL) posted a net profit of Rs 5.4 bn in the year ended June 30, 2025 (EPS: 19.13), representing a more than…
By Aftab Ahmed | November 19, 2025
After plunging to a low of US$4.5 per barrel in April 2025, Gross Refining Margins (GRMs) of local refineries have significantly improved during the ongoing month, reaching a nearly two-year high of US$13.3 per barrel. This is positive for local refineries, as their earnings are directly linked to changes in GRMs. For context, the highest…
By Aftab Ahmed | November 18, 2025
The Oil and Gas Regulatory Authority (OGRA) has notified revised LNG prices for November 1, 2025, showing mixed adjustments across transmission and distribution categories for SNGPL and SSGCL. According to the OGRA’s determination, SNGPL’s RLNG transmission price has slightly decreased from $11.4381/MMBtu in October to $11.4305/MMBtu in November, a reduction of 0.07%. However, its distribution…
By Aftab Ahmed | November 18, 2025
Electricity Consumers are set to witness increase in their electricity bills due to possible increase in national power purchase price. The power regulator conducted a public hearing on Tuesday to consider a proposal of setting the national power purchase price at a rate that industry representatives warn will keep energy expensive and stifle economic growth….