London-listed CORO Energy seeks O&G JVs ISLAMABAD: London- listed CORO Energy is seeking O&G joint venture opportunities in Pakistan. Coro Energy has... Updated 28 Mar, 2023 08:48am
Business & Finance Two oil exploring firms asked to clear royalty dues ISLAMABAD: The Auditor General of Pakistan (AGP) has asked two oil and gas exploration companies to clear their... Published 16 Mar, 2023 06:01am
Opinion Oil and gas profits fuel UK worker demands for just energy future When Scott Agnew worked on deep sea oil and gas tankers and cargo boats in the 1980s, he used to count whales and... Published 07 Mar, 2023 03:16am
Markets Oil prices edge higher, growth worries limit gains LONDON: Oil prices rose on Monday from an 8% drop last week on supply concerns, but was still trading near... Updated 06 Feb, 2023 06:00pm
Markets OMV posts 5pc increase in core Q4 earnings BERLIN, Austrian energy group OMV missed expectations for fourth-quarter core earnings because of lower crude ... Published 06 Feb, 2023 07:38am
Business & Finance Chevron annual profit doubles to record $36.5bn, but misses estimates HOUSTON: Chevron Corp. on Friday posted a record $36.5 billion profit for 2022 that was more than double... Published 27 Jan, 2023 06:17pm
Markets Shell considers exiting UK, German, Dutch energy retail businesses LONDON: Shell is considering exiting its home energy retail businesses in Britain, the Netherlands and Germany in... Published 26 Jan, 2023 08:43pm
Print Oil purchases from Russia: Payments will be in currencies of ‘friendly’ states Russia’s energy minister says both sides have drafted an agreement to sort out issues like transportation, insurance, payments and loadings Updated 21 Jan, 2023 08:58am
Print Govt wants to meet 35pc of oil requirement through Russia: Musadik ISLAMABAD: State Minister for Petroleum, Musadik Malik Friday said that Pakistan wanted to import 35 percent of its... Updated 21 Jan, 2023 08:51am
Print Crude oil and oil products: agreement to be signed by March ISLAMABAD: Pakistan and Russia have decided to draft an agreement on crude oil and oil products supply by late March... Updated 21 Jan, 2023 11:41am
Markets Pakistan will pay for Russian energy purchases in currency of friendly countries: Russian official Russian energy minister says both countries have agreed on late March as timeline for crude oil export to Pakistan Updated 20 Jan, 2023 05:56pm
Print PM and Russian minister discuss oil and gas LAHORE: A delegation led by Russian Energy Minister Nikolay Shulginov on Thursday called on Prime Minister Shehbaz... Updated 20 Jan, 2023 08:47am
Markets China’s CNOOC targets record oil, gas output in 2023 SINGAPORE: China’s CNOOC Ltd has raised its 2023 production target by around 8% to a record 650 million to 660... Published 11 Jan, 2023 06:05pm
Markets Oil explorer Inpex to merge Tokyo trading unit into Singapore desk TOKYO: Japanese oil and gas explorer Inpex Corp plans to absorb its separate Tokyo trading business into the company... Published 03 Jan, 2023 03:25am
Markets Oil rises after Russia says it could cut output due to price cap NEW YORK: Oil prices rose by $2 per barrel on Friday after Moscow said it could cut crude output in response to the... Updated 23 Dec, 2022 09:20pm
Business & Finance OGDCL discovers oil & gas in Singhoro Block KARACHI: By the Grace of Almighty Allah, the Joint Venture of Singhoro Block comprising Oil & Gas Development... Published 23 Dec, 2022 05:54am
Markets Russia’s Jan-Nov oil output up 2% ahead of EU ban, price caps MOSCOW: Russia’s January-November oil and gas condensate production rose 2.2% from a year earlier to 488 million... Published 06 Dec, 2022 08:46pm
Markets EU struggles to agree gas price cap, considers 220-euro limit BRUSSELS: European Union countries on Tuesday considered the latest proposal for a lower gas price cap of 220 euros... Published 06 Dec, 2022 07:40pm
Print Cheap oil, gas: Pakistan communicates with Russia ISLAMABAD: Pakistan Saturday communicated with Russia to procure cheap oil and gas. Sources privy to the matter said... Updated 20 Nov, 2022 09:42am
Markets OPEC+ ‘only a phone call away’ if markets need balancing: UAE minister ABU DHABI: The United Arab Emirates’ energy minister said on Monday that OPEC+ was always willing to balance crude... Published 31 Oct, 2022 07:26pm
Markets OPEC raises long-term oil demand view, calls for investment ABU DHABI: OPEC raised its forecasts for world oil demand in the medium-and longer-term in an annual outlook... Published 31 Oct, 2022 05:46pm
BR Research Mari – earnings up again The fiscal year FY22 witnessed spiking oil and energy prices, which lifted the revenues and earnings of the E&P... Published 31 Oct, 2022 08:54am
World Kenya to expand trade ties with United Arab Emirates Kenya will expand trade ties with the United Arab Emirates, the State House Kenya tweeted early on Saturday. Published 22 Oct, 2022 09:54am
Markets China’s CNOOC aims for 28% oil production growth at home by 2025 SINGAPORE: Chinese offshore oil and gas major CNOOC expects its annual domestic crude oil production to reach 1.2... Published 26 Aug, 2022 06:26pm
Opinion Net zero, Russia war driving nascent hydrogen economy Kevin Kendall pulls up at the only green hydrogen refuelling station in Birmingham, Britain’s second-biggest city,... Published 17 Aug, 2022 06:07am
Markets Oil outshines stocks and dollar in 2022 LONDON: Oil prices are proving resilient to global economic recession fears and have outperformed major equity... Published 01 Aug, 2022 10:03pm
Markets Russia increased oil and gas condensate output by 2% m/m in July MOSCOW: Russia increased daily oil and gas condensate output in July by 2% from the previous month to 1.468 million... Published 01 Aug, 2022 01:31pm
Markets Revenue from Russian oil and gas exports rise in June y/y MOSCOW: Export revenues from Russian oil and gas sales jumped in June from the year-earlier period thanks to rising... Published 26 Jul, 2022 01:14pm
BR Research Earnings and repatriation Profit and dividend outflow on foreign direct investment (FDI) increased by around 5 percent in 11MFY22 as per the... Published 26 Jul, 2022 08:40am
Business & Finance Mari Petroleum makes gas/condensate discovery in North Waziristan Mari Petroleum Company Limited (MPCL), one of Pakistan’s largest integrated petroleum exploration and production... Published 01 Jun, 2022 01:52pm
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn