The National Assembly was informed on Thursday that the country is facing two billion cubic feet gas shortage. Minister of State for Petroleum and Natural Resources Jam Kamal Khan told the House during question hour that there is no plan to decrease the import of crude oil because the country is already running short of […]
Caretaker Prime Minister Mir Hazar Khan Khoso and his govt has been under fire for weeks over appointments on key position at a time when the govt has just few days to transfer power to the new govt. Many are surprised at the move by the caretaker set up and the interim law minister […]
PPL wins gas block in Iraq- Oil and gas news Pakistan Iraq on Thursday opened the last day of the landmark sale of units awarded two exploration contracts, is better than a poor start that dampened hopes of cementing its role as a major global supplier. The final two days of the sale, the first […]
Jun 4 2012 | Posted in
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Power shortages continue to increase in the country – Pakistan oil and gas news Crisis in Pakistan, the authorities continue to pursue energy deficit grew to a record 8200 mega watts (MW), a famous news source reported on Wednesday. Currently, electricity is 8200 MW, while demand is 16,400 MW during the day. The deficit attributed […]
May 31 2012 | Posted in
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Pakistan natural gas crisis – Energy Sector Update 2012 Lahore – Pakistan is facing its worst energy crisis since its birth in1947. The country lacks proper natural resources management, thanks to incompetent ruling parties that have been not able to improve infrastructure and production facilities even after sixty four years of independence. It has been […]
May 29 2012 | Posted in
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‘Pak-Iran gas pipeline is extremely important for sub-continent – Pakistan Industrial Sector update LAHORE: Mashallah Shakari, the Iranian Ambassador to Pakistan, has said the potential Pakistan-Iran gas pipeline is of great geo-political value in the region as it is bound to bring energy revolution in Pakistan. Mr Shakari further added that the pipeline will bring […]
May 26 2012 | Posted in
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OGRA is ready to drop another bomb on the consumers – Pakistan oil and gas sector update ISLAMABAD – The authorities are likely to bomb the consumers with an increase in the oil costs by Rs 5 per liter from The month of June 01, next season, News Pakistan learnt from special sources on 26th […]
May 25 2012 | Posted in
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Siemens helps government resolve issues in oil and gas sector – News Update Siemens oil and gas stop at POGEE, the international oil and gas exhibition in the Exhibition Centre has attracted great attention from visitors, including customers, politicians, media and oil and gas businesses from across the country and 20 other countries participating in […]
May 16 2012 | Posted in
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Pakistan stock market suffers the lower world oil prices – Pakistan oil an gas news Islamabad, May 8 (Reuters) – Pakistan shares closed lower on Tuesday, led by sales of oil and gas sector due to lower world oil prices, analysts said. Karachi Stock Exchange (KSE) 100-test of stock index ended 0.71 percent or 104.01 […]
May 10 2012 | Posted in
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Private Equity investing in oil and gas – Part 2 – Oil and gas news There were 18 corporate transactions with values ??greater than $ 50 million, with total deal value of $ 15.8 billion. Twenty-six transactions of assets contributed $ 18.2 billion, or 53 percent of the total number of first The values ??of […]
May 5 2012 | Posted in
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Private Equity investing in oil and gas – Oil and gas news (IBTimes) – Private equity ("PE"), interest in U.S. oil and gas industry marked by at least a 20-year high in the first quarter of 2012, and the volume of mergers and acquisitions (M & A) reached 11 transactions, which The total value of […]
May 4 2012 | Posted in
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Companies failing to meet deadline as LNG Import plans suffer – Pakistan oil and gas news Importers have not even found their global buyers so far, said an official request for anonymity. Oil and Gas Regulatory Authority (Ogra) can now unassign importers given pipeline to transport 1.4 billion cubic feet of gas per day to […]
May 2 2012 | Posted in
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