Good news for the country’s economy as Mari Energy has announced a new discovery of oil and gas in Sindh. In this regard, Mari Energy has written a letter to the Pakistan Stock Exchange (PSX) and informed about the important information. Mari Energy announced that a major discovery of gas and crude oil has been […]
Oil and Gas
Petroleum Division delays action over unauthorised ownership changes
Six months after issuing show-cause notices over alleged unauthorised changes in ownership and management control, the Petroleum Division has yet to initiate enforcement action against energy companies operating in Pakistan’s strategic oil and gas sector. The case involves Spud Energy Limited and Frontier Holdings Limited, whose parent companies transferred ownership stakes without obtaining prior approval […]
Pakistan awards offshore exploration licenses after 18 years
ISLAMABAD – The Ministry of Energy has announced the results of the Offshore Bid Round 2025, marking the country’s first competitive bidding for offshore petroleum exploration licenses in 18 years. The bid round, launched in January 2025, offered 40 offshore blocks as part of Prime Minister Shehbaz Sharif’s vision to enhance energy security, indigenization, and local […]
Pakistan awards 23 offshore oil blocks to local and foreign consortiums
ISLAMABAD: In a major step toward reviving offshore energy exploration, Pakistan has awarded 23 offshore oil and gas exploration blocks to four consortiums led by local energy companies, with some partnered with foreign firms, including Turkiye’s national oil company TPAO, the Ministry of Energy announced on Friday. This marks Pakistan’s first offshore bidding round in […]
Mari petroleum boosts Pakistan’s energy with third oil and gas find
Mari Petroleum Limited has made its third significant discovery of oil and gas in North Waziristan in just over a month. The new reserves were found in the Waziristan Block. This discovery promises to boost Pakistan’s energy resources. The company expects to extract 2.38 million cubic feet of gas per day and 122 barrels of […]
World ‘sleepwalking’ to climate catastrophe: UN chief
Paris: UN chief Antonio Guterres said Monday the world is “sleepwalking to climate catastrophe”, with major economies allowing carbon pollution to increase when drastic cuts are needed. The planet-saving goal of capping global warming at 1.5 degrees Celsius is already “on life support,” he told a sustainability conference in London. Keeping 1.5C in play requires […]
Claims of major oil and gas discovery rejected by experts
Prime Minister Imran Khan’s announcement of discovering the biggest oil and gas reserves in Pakistan’s deep sea has shocked the Petroleum Division authorities and left them clueless. Drilling up to the required depth of 5,500 meters will complete by the end of April. [adrotate banner=”9″] The Kekra-1 well, G block has been drilled to a […]
Sanghar displays ‘thenga’ banners for disloyal electables, bargains votes with basic amenities
KARACHI: Voters of energy-basket Sanghar district have come up with rare pamphlets inscribed with ‘thenga’ – a gesture to express defiant refusal for votes to political parties for repeated broken promises on development work. One such poster displayed by residents of Union Council-II, a poor locality in the center city, reads, “Vote lenay hen toe […]
Pakistan among top 5 countries to discover oil and gas in 2017
Pakistan made two key oil and gas discoveries in the third quarter and another three discoveries in the fourth quarter of 2017. These discoveries may have prompted the US-based Exxon-Mobil to join offshore drilling efforts in Pakistan. American energy giant’s entry in Pakistan brings advanced deep sea drilling technology, its long experience in offshore exploration […]