8th meeting of Pakistani-Russian IGC commenced in Islamabad Russian delegation comprising 80 members is participating in the meeting. They will discuss provision of oil and petroleum products to Pakistan ISLAMABAD: The 8th meeting of the Pakistani-Russian Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation commenced on Wednesday to hold talks on diverse bilateral issues. … Read more
Shell has agreed to sell almost 400 of its gas outlets in Russia to Lukoil, the country’s second-largest oil company. Shell Neft, the company’s Russian business, will be sold for an unknown value. Following Russia’s invasion of Ukraine, several Western oil and gas companies have been trying to sell their Russian operations. The transaction, which … Read more
The Department of Interior will resume the sale of oil and gas leases on federal land beginning last week, on Friday. On Monday, the Bureau of Land Management will begin issuing final environmental assessments and sale notifications for prospective oil and gas projects. It will be offering for lease “about 173 parcels on roughly 144,000 … Read more
KARACHI: The earnings of the benchmark KSE-100 Index displayed a jump of 19.9 per cent on a year-on-year basis in December 2021 and 0.6 per cent on a quarter-on-quarter basis. The earnings growth was led by the highest weighted commercial banks sector amid interest rate hike and reversal in general provisioning made last year in … Read more
PARIS: French energy giant TotalEnergies has rebounded from the Covid crisis with a huge 2021 profit as oil and gas prices soared, a performance that raised political hackles in an election year in France. The company reported net profit of $16 billion (14 billion euros), the highest in at least 15 years, following a historic … Read more
DUBAI: India, China, and Russia need to fully commit to reducing emissions for a global energy transition to happen quickly, US special envoy for Climate Change John Kerry said at a conference in Dubai, Arab News reported. Speaking at the Global Manufacturing and Industrial Summit, Kerry said there is “incredible movement” from global players, as well as … Read more
KARACHI: The Sui Southern Gas Company (SSGC) participated in the Abu Dhabi International Petroleum Exhibition and Conference, a statement said. ADIPEC is a premier energy sector event held in Abu Dhabi. It is hosted annually by Abu Dhabi National Oil Company (Adnoc). Managing Director of the SSGC, Imran Maniar said that finding new suppliers, probing … Read more
Direct investment in the oil and gas sector has declined during the current fiscal year. According to the details, the data is released by the Investment Board and State Bank, the volume of direct foreign investment in the oil and gas sector in the first 4 months of this fiscal year was recorded at $ … Read more
The subsidiaries companies of petroleum ministry have signed an exploration license for oil and gas blocks in Islamabad. According to details, Federal Minister for Energy, Omar Ayub attended the ceremony and welcomed the implementation of the license. Speaking on the occasion, Omar Ayub said that social and economic development would be beneficial for remote areas … Read more
