Energy
Pakistan Awards 11 Oil & Gas Blocks
The Petroleum Division, Government of Pakistan today signed Petroleum Concession Agreements (PCAs) and Exploration Licences (ELs) awarding 11 onshore blocks marking a significant step forward in…
Energy
Energy
OGDC Secures Five New Exploration Blocks
Oil and Gas Development Company Limited (OGDC), Pakistan’s largest exploration and production company, on Thursday signed Petroleum Concession Agreements (PCAs) for five new exploration blocks awarded…
Energy
Oil, Gas Output Falls 3%: AHL Data
Pakistan’s oil and gas production declined last week, with oil down 3% and gas 4.4%, as major fields including Nashpa and Qadirpur reported sharp drops, according…
Energy
Cnergyico Signs 20-Year Pipeline Deal with Asia Petroleum
Cnergyico Pk Ltd. has entered into a significant 20-year agreement with Asia Petroleum Ltd. to utilize a 14-inch pipeline network for transporting high-speed diesel. This deal,…
Energy
E&P Sector Earnings Down 15% in 2QFY26
Net sales for the sector remained flat on a YoY basis and grew by 3% QoQ to Rs217bn in 2QFY26. This QoQ growth is primarily attributable…
Energy
HUBC profit jumps 152% on PPA revision
Hub Power Company posted Rs10.6bn quarterly profit, up 152% year-on-year after PPA amendments, but earnings slipped 9% sequentially on a higher tax charge, with first-half profit…
Energy
Pakistan Oilfields profit falls 17% in 2QFY26
Pakistan Oilfields Ltd posted Rs6.3bn quarterly profit, down 17% year-on-year, as exploration spending surged, while half-year earnings rose 16% supported by higher volumes and lower tax…
Energy
OGDC Boosts Reko Diq Investment by $25M
Oil and Gas Development Company Limited (OGDC) has increased its financial commitment to the Reko Diq project by injecting an additional $25 million during the latest…
Energy
SSGC Removes 1160 Illegal Gas Connections
Sui Southern Gas Company has been pulling out all stops to bring down the menace of gas theft in its franchise provinces of Sindh and Baluchistan.…
Energy
OGDC Profit Falls 16% in 2QFY26
Oil and Gas Development Company (OGDC) has posted a 16% drop in second-quarter earnings as lower oil prices and higher exploration costs weighed on profitability, while…
