The officials likely to discuss circular debt of the gas sector in the talks, sources said. “Pakistan’s officials will present the plan for ending the gas sector’s circular debt in virtual talks,” sources shared. Gas sector circular debt has been around Rs 2800 billion. A suggestion to reduce the gas circular debt with dividend expected […]
The decision is applicable for both Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC), with varying changes in pricing. According to reports, a reduction in gas prices has been recommended for Sindh and Balochistan by OGRA. While an increase in price has been suggested for Punjab, KPK, and Islamabad. Specifically, a […]
During the meeting, the Board also approved the Annual Accounts for FY 2023–24, marking a historic achievement for the Company. SNGPL recorded its highest-ever profitability, with a remarkable profit before tax of around Rs. 30 billion. Profit after tax stood at an impressive Rs. 19 billion, translating into Earnings Per Share (EPS) of Rs. 29.92 […]
The six fields and two reservoirs were found to have Arabian oil of different grades totalling 8,126 barrels per day, according to Reuters calculations based on the announcement. The natural gas discoveries from two fields and four reservoirs totalled 80.5 million standard cubic feet per day (scfd), the calculations show. Associated gas from the oil […]
According to Mari Energies, the operator of the Waziristan Block, the Spinwam-1-1 well has yielded substantial oil and gas reserves, boosting the country’s hydrocarbon resources. The latest discovery has revealed an estimated 70 million standard cubic feet per day (MMSCFD) of gas and 310 barrels per day (bbl/d) of crude oil. This find is in […]
Brent futures declined $2.28, or 3.5%, to $63.30 a barrel at 0049 GMT, while U.S. West Texas Intermediate crude futures lost $2.20, or 3.6%, to $59.79. At the session low, both benchmarks hit their lowest since April 2021. Oil plunged 7% on Friday as China ramped up tariffs on US goods, escalating a trade war […]
The updated schedule is designed to help consumers effectively plan their cooking and daily activities. Residents of Rawalpindi, Islamabad, and surrounding areas are currently experiencing gas load-shedding. SNGPL officials stated that after Ramadan, gas will only be available during designated mealtimes. The revised gas supply schedule permits consumers to access gas during three designated periods: […]
The fire was started during the excavation of the land. The chief fire officer has apprehended that the blaze could continue for the next two to three days adding that the firemen facing difficulties to overcome the fire. According to the Pakistan Petroleum Limited, the fire might have been caused by the natural gas fumes […]
According to the company’s spokesperson, the well is producing 20.48 MMCFD of gas and 117 barrels of oil per day. This marks the second successful discovery from the Spinwam-1 well. The discovery is expected to help bridge the gap between demand and supply, contributing to the country’s energy needs. Earlier, in July 2024, Mari Petroleum […]
The incident occurred in the Sordo area of Panjgur, where miscreants cut off PTCL’s main cable, suspending telephone connections across the larger area. According to reports hundreds of households and businesses were affected by the incident, facing severe inconvenience due to the failure of the telephone network. Upon being informed, PTCL teams reached the spot […]
