Trends - Oil and gas - Business Recorder

Oil and gas

North Dakota monthly natgas output rises in March

Monthly production touched an all-time high of 3.145 bcfd in November 2019.
Producers burned off, or flared, 0.184 bcfd of gas in March, down from 0.203 bcfd in February, the commission said, dropping the percentage of gas flared to 6% from 8%.

Published 20 May, 2021 07:00pm

Business & Finance

ODGCL discovers gas reserves in Balochistan

OGDCL said that the discovery of Jandran X-04 is the result of aggressive exploration strategy adopted by the company.

Published 17 May, 2021 11:46am

Business & Finance

ConocoPhillips profit tops as travel demand boosts oil prices

Conoco said its total average realized price was $45.36 per barrel of oil equivalent in the quarter, much higher than the $33.21 it earned in the last three months of 2020.
The company also outlined a plan to cut its gross debt by $5 billion over the next five years and its intention to exit its 10% stake in Canadian producer Cenovus Energy Inc by the fourth quarter of 2022.

Published 04 May, 2021 05:25pm

Markets

Crown slips from fresh high, MOL shares spur Budapest

Budapest's BUX index climbed 1.5% on a more than 3% rise in MOL's shares after an update on refinery and petrochemical margins enticed investors.
In Prague, the PX index nudged higher and held above the 1,100 level to stick around highs last seen before the COVID-19 pandemic struck markets in February 2020.

Published 04 May, 2021 05:13pm

Markets

Oil rises but remains rangebound as COVID-19 cases soar

However, the crude prices have remained rangebound in the past three weeks, with Brent between $60 and $65 a barrel and WTI at $57 to $62.
"Oil prices are entering a consolidation phase after swinging wildly last month," said oil broker PVM's Stephen Brennock.

Published 12 Apr, 2021 05:59pm

Markets

Oil prices firm on stronger economic outlook

Crude stockpiles down and fuel inventories up, says API.
World powers and Iran hold talks on nuclear deal.
Coming up: EIA inventory data at 1430 GMT.

Published 07 Apr, 2021 05:53pm

Markets

Oil rebounds on robust economic data, bargain hunting

Oil slumps over 4% in previous session on rising OPEC+ supply.
Strong US, China economic data support investor sentiment.
US expects 'difficult' Iran talks, sees no quick breakthrough.

Published 06 Apr, 2021 01:10pm

BR Research

The unanticipated upswing in oil prices

Not only have the crude oil prices been on an upward trend since fall 2020 - after their anemic recovery post the...

Updated 10 Mar, 2021 10:03am

Business & Finance

Chevron sticks to lower spending in higher investor returns pitch

Falling energy demand due to pandemic lockdowns sent the industry into a tailspin in 2020 and led Chevron to a $5.54 billion annual loss, its first since 2016.
Chevron's 2020 output was around 2.98 million barrels of oil and gas per day, and an investor presentation showed the company increasing output through 2025 though no numbers were given.

Updated 09 Mar, 2021 09:33pm

Business & Finance

Exxon pitches investors on dividend growth, debt reduction

Ahead of its investor day presentation, the company reaffirmed plans to keep project spending between $16 billion and $19 billion in 2021, and between $20 billion and $25 billion a year through 2025.
It expects output to remain flat at around 3.7 million barrels of oil and gas per day through mid-decade as it focuses on boosting cash flow instead.

Published 03 Mar, 2021 07:53pm

Markets

Oil extends losses as Texas prepares to ramp up output

Texas oil firms prepare for production restart.
Oil demand outlook weakened by US refinery deep freeze outages.
US-Iran relations thaw but 'long road' ahead.

Published 19 Feb, 2021 08:17pm

Markets

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (February 18, 2021). ==================================== ...

Published 19 Feb, 2021 04:07am

Business & Finance

Shell Deer Park, Texas refinery production shut

Shell shut the two primary fuel production units, the gasoline-producing fluidic catalytic cracker (FCC) and the diesel-producing hydrocracker, on Monday, one day after the refinery's crude distillation units (CDUs) were shut.

Updated 16 Feb, 2021 09:55pm

Markets

Norway to supply power from shore to more oil and gas platforms

OSLO: Norway has approved projects to supply power from land to several more offshore oil and gas platforms in order...

Published 14 Feb, 2021 03:49am

Business & Finance

Pakistan’s Indus Delta Region boost huge Oil& Gas reserves says Naval Chief

“Third survey is expected this year, which is likely to pave the way for drilling and subsequent extraction of the hydrocarbons,” he said

Published 13 Feb, 2021 01:43pm

Markets

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Tuesday (February 9, 2021). ==================================== BR...

Published 10 Feb, 2021 04:12am

Markets

Brent hits $60 as supply cuts and stimulus hopes boost prices

Weak dollar also supports prices of commodities.
6-month Brent spread widest in over a year.
US oil rig count highest since May last week - Baker Hughes.

Published 08 Feb, 2021 07:11pm

Markets

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Thursday (February 4, 2021). ==================================== BR...

Published 05 Feb, 2021 04:53am

Business & Finance

OGDCL discovers Hydrocarbon reserves in Sindh

As per details, the OGDCL as the operator (95 percent) and Government Holding (Private) Limited (5%) has discovered gas and condensate from its exploratory well Sial-1, which is located in district Hyderabad, Sindh province.

Published 02 Feb, 2021 12:19pm

Markets

BRIndex100 and BR Sectoral Indices

KARACHI: BRIndex100 and BR Sectoral Indices on Wednesday (January 27, 2021). ==================================== ...

Published 28 Jan, 2021 04:40am

Business & Finance

Argentina's YPF sweetens $6.2bn debt offer after investor backlash

The firm, which is spearheading development of Argentina's huge Vaca Muerta shale reserves of oil and gas.
The modifications mainly seek to strengthen the guarantee structure of the bond backed with export flows due in 2026.

Published 26 Jan, 2021 07:05pm

BR Research

Oil and Gas Development Company Limited

Updated 25 Jan, 2021 10:08am

Markets

PSX rangebound: BRIndex100 slips

KARACHI: Pakistan Stock Exchange Friday closed on a negative note due to selling in various sectors as investors...

Published 23 Jan, 2021 03:56am

Markets

PSX stages recovery: BRIndex100 retreats

KARACHI: Pakistan Stock Exchange on Thursday witnessed a bullish trend on the back of healthy buying, mainly by ...

Published 22 Jan, 2021 04:47am

Business & Finance

Pakistan’s E&P cos expected to record significant profit drop amid sales decline

Pakistan’s listed E&P companies are likely to record a 8 percent YoY and 13pc QoQ decline in their profits during the second quarter of FY21.

Published 19 Jan, 2021 12:01pm

Markets

Wintershall Dea says good time for shareholders' 2021 IPO plan

We see indeed positive signals from raw materials prices, equity markets and the macro-economy, which are all strengthening.
Earnings before interest, tax, depreciation, amortisation, and exploration expenses, a standard oil industry measure, (EBITDAX), however, fell 44% in Jan-Sept 2020.

Published 15 Jan, 2021 07:24pm

Business & Finance

Pakistan to soon open tenders for 20 new Oil & Gas exploration blocks

Regarding the recent power breakdown, Omer Ayub said a committee has been constituted to investigate the matter and action will be taken against those found responsible.

Published 15 Jan, 2021 03:32pm

BR Research

E&P sector’s charm fading?

From flattish oil and gas levels to declining volumes, production by the E&P companies have been running dry in...

Published 15 Jan, 2021 07:35am

Business & Finance

Sweden's Swedbank Robur joins growing investor oil and gas exodus

We want to contribute to a more sustainable development in society, by shifting our investments towards sustainable alternatives and thus influence others to do the same.
These companies would be reported on "Green List" compiled by the asset manager.

Published 12 Jan, 2021 05:07pm

Markets

US drillers add oil and gas rigs for 4th week in a row: Baker Hughes

The oil and gas rig count, an early indicator of future output, rose by eight to 346 in the week to Dec. 18, the highest since May.
US oil rigs rose by five to 263 this week, their highest since May, while gas rigs rose by two to 81, their highest since May.

Published 19 Dec, 2020 12:14am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	278.40
USD PKR Interbank Buying / May 2	278.20
USD to Japanese Yen / May 2	155.37
USD to Swiss Franc / May 2	0.91
Pound Sterling to USD / May 2	1.25
Euro to USD / May 2	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07
Hang Seng / May 2	18192.04
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01

Item	Value
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Gold Spot USD/Ounce / May 2	2311.74
Cotton US¢/pound / May 2	77.01
Petrol/Litre / May 3	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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