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Galp Energia Estimates 10 Billion Barrels of Oil in Namibia’s Mopane Field

DTD- Apr 24, 2024

Exploration Success Positions Namibia as Potential Key Player in Global Oil Market LISBON – Galp Energia – a Portuguese oil company – said on Sunday it had concluded the first phase of exploration in the Mopane field off the coast of…

World

OGDCL boosts Nashpa Production by 900 BPD,

DTD- Sep 14, 2023

ISLAMABAD_ The Oil & Gas Development Company Limited (OGDCL) on Wednesday proudly announced yet another remarkable achievement in its production enhancement efforts during last 24 hours with the Nashpa Well-10, located within the Nashpa…

Pakistan

Crude oil deal with Russia brings benefits to nation,Musadiq Malik

DTD- Jul 27, 2023

Pakistani Oil Companies Collaborate with Saudi Aramco for $10 Bln Greenfield Refinery Project, Minster expressed his optimism about the crude oil deal with Russia, emphasizing the numerous benefits it brings to the nation.…

World

Oil slips as economic jitters offset US debt deal

DTD- May 30, 2023

Oil prices slipped on Monday as economic worries over further interest rate hikes trumped a tentative debt ceiling deal reached in the US, possibly averting a default in the world’s largest economy and oil consumer. Brent crude futures…

Pakistan

UK inflation softened to 10.5% in December and 10.7% down from previous month

DTD Jan 18, 2023

UK: (Web Desk) UK inflation eased on the month, in line with economist expectations, as fuel, clothing and recreational costs dragged down the index. Inflation softened to 10.5% in December, down from the 10.7% of November, the British…

Pakistan

Russia’s oil production rose 0.1% in period from January

DTD Jan 11, 2023

Moscow: (Web Desk) Russia’s oil production rose 0.1% in the period from January 1 to 9, to stand at about 10.9 million barrels per day (bpd), compared to December 2022, the daily Vedomosti reported on Wednesday, citing two sources familiar…

PTI government showed criminal negligence by not buying cheap oil and gas: PM Shehbaz

DTD Dec 28, 2022

Islamabad: (Staff Reporter) Prime Minister (PM) Shehbaz Sharif said the Pakistan Tehreek-e-Insaf (PTI) government showed criminal negligence by not buying cheap oil and gas. Federal Defence Minister Khawaja Asif briefed the federal cabinet…

World

OGDCL discovers oil and gas reserves in Sindh

DTD- Dec 21, 2022

ISLAMABAD_The Oil and Gas Development Company Limited (OGDCL) has discovered oil and gas reserves in an exploratory well named Chak-5 Dim South-3 in the Sanghar district of Sindh province. The oil and gas reserves were…

Pakistan

Saudi Arabia’s economy grew in 3rd quarter of this year

DTD Dec 11, 2022

Islamabad: (Web Desk) Saudi Arabia’s economy grew by 8.8% in the third quarter of 2022 compared to the same period a year earlier, mainly due to a sharp increase in oil-related activity, according to official estimates released today. Oil…

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