PSO has ample fuel reserves to meet nation’s needs
KARACHI: Pakistan State Oil has repudiated the news circulating in some sections of the media fomenting speculations about shortage of fuel in the country. PSO has clarified that there is…
Geological survey plans to acquire diamond core drilling rigs
KARACHI: Geological Survey of Pakistan (GSP), an attached department of Petroleum Division, has planned to purchase latest drilling rigs to help increase mineral identification and exploration activities in the potential…
LPG prices marginally reduced
KARACHI: The Oil & Gas Regulatory Authority (OGRA) has notified Rs2/kg reduction in the price of indigenous liquid petroleum gas (LPG) to Rs110/kg for the month of June 2020. According…
Petrol prices reduced by Rs7.06 to Rs74.52/liter
KARACHI: Government has further reduced the prices of Motor Spirit (Petrol), Light Diesel and Kerosene oil, while High Speed Diesel (HSD) price is marginally increased. Government notified a deduction of…
CNG sector should not be burdened with subsidy of other sectors
ISLAMABAD: The All Pakistan CNG Association (APCNGA) on Monday said the compressed natural gas sector is at the verge of destruction due to parity between the price of petrol and…
Petroleum dealers nearing bankruptcy
KARACHI: Chairman Petroleum Dealers Association and All Pakistan CNG Association Ghiyas Abdullah Paracha on Monday said the petroleum dealers had reached the brink of bankruptcy due to uncertain conditions and…
Reduced oil and gas production to hurt E&P companies’ exploration plans
LAHORE: Country’s oil and gas production for the second half of FY20 is expected to decline significantly due to COVID-19 pushed lockdown, which might result in slashed exploration spending, analysts…
K-Electric Board appoints Riyadh S.A.A Edrees as new Chairman
Karachi: The Board of Directors of K-Electric Limited, has elected Mr. Riyadh S. A. A. Edrees as the new Chairman of the Company with effect from April 09, 2020, at…
JJVL to increase LPG production by 100 tons/day
KARACHI: Jamshoro Joint Venture Limited (JJVL) has announced to increase its liquid petroleum gas (LPG) production by 100 tons/day to 400 tons/day. Following a steep reduction of liquid petroleum gas…
Appointment of MD PPL becomes controversial
KARACHI: Senior executives at Pakistan Petroleum Limited (PPL) are confused as the state-run company’s board didn’t mention any PPL employee in its recommendations for the office of Managing Director. Since…
Ministry of Energy cancels crude imports from April 1st
ISLAMABAD: The Ministry of Energy has cancelled crude oil imports with effect from 1 April 2020 to support Pakistan’s domestic refining industry through an official order. The MoE also defined…
NTDC moves against license granted to Sindh Transmission and Dispatch Company
KARACHI: The National Transmission and Dispatch Company (NTDC) has filed a review motion against the license awarded to Sindh Transmission and Dispatch Company (STDC) to act as a provincial grid…
APCNGA asks government to to reject gas price hike proposal
KARACHI: The All Pakistan CNG Association (APCNGA) on Sunday said the government should reject the proposal forwarded by OGRA to increase the tariff of natural gas by Rs200 to Rs…
K-Electric launches Fuel Cost Adjustment calculator
KARACHI: K-Electric (KE) has launched a Fuel Cost Adjustment (FCA) calculator on its website https://www.ke.com.pk/fcacalculator/ which will allow consumers to calculate the impact on their monthly bill based on their…
PetroChina shortlisted for February 2020 LNG supply
KARACHI: Pakistan LNG Limited (PLL) has shortlisted PetroChina International Singapore for supply of, 140,000 cubic meters LNG cargo to be supplied in February 2020. PetroChina International Singapore offered the price…
NEPRA imposes Rs50mn fine on K-Electric
ISLAMABAD: NEPRA has imposed fine of 50 million rupees on Karachi Electric Limited (KEL) and directed to complete earthing and grounding of its distribution system by April 2020 and also…
ADES gets first onshore drilling contracts in Kuwait
DUBAI: ADES International Holding has secured its first onshore deep drilling contracts under a Lump Sum Turnkey (LSTK) project in Kuwait with Baker Hughes for ADES 180 and ADES 878.…
Petroleum products sales reflect growth after 18 months
KARACHI: A total of 1.42 million tons of POL (petroleum, oil, lubricants) sales were recorded in November 2019, reflecting a 7.0 percent increase as against off-take of 1.33 million tons…
Gunvor shortlisted for 4 of 5 LNG cargoes
KARACHI: Pakistan LNG Limited (PLL) has shortlisted Gunvor Singapore for supply of four of five LNG cargoes, 140,000 cubic meters each, to be supplied in January 2020. Gunvor Singapore offered…
Pakistan eases laws to spur oil & gas exploration, production
ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet has approved amendments to a host of rules governing the regulation of upstream petroleum sector to foster ease of doing business and…