Pakistan's ministry of petroleum has said authorities are ending offshore drilling off the Karachi coast in the Arabian Sea after no reservoirs of oil or gas were found.
UK-based Premier Oil has completed the sale of its Pakistan business. Premier has divested Premier Oil Pakistan Holdings to Al-Haj Energy for £50 million. It follows the receipt of necessary approvals and finalisation of working capital adjustments.
Saudi Arabia’s Crown Prince Mohammed bin Salman said his country signed so-called memorandums of understanding worth $20 billion of investment in Pakistan.
akistan said it saved more than $600 million over the first 10 years of a natural gas supply deal by pitting some of the world’s biggest sellers against each other.
The death toll from an oil tanker fire in Pakistan has risen to 153, with dozens more in a critical condition, and the fatalities are expected to increase.
The death toll from an oil tanker fire in Pakistan has risen to 148, with dozens more in a critical condition, a rescue official said.
Premier Oil this morning confirmed it had shifted its Pakistan business.
Pakistani firefighters said the death toll has risen to at least 17 people after a fire from a decommissioned oil tanker.
At least 11 labourers have died after an explosion at a ship-breaking yard in south-west Pakistan.
At least seven labourers have been killed and dozens of others injured in an explosion at a ship-breaking yard in south-western Pakistan, police said.
Singapore's BW Group has signed a deal to supply a floating storage and regasification unit (FSRU) to Pakistan’s second liquefied natural gas import terminal.
Hungary's MOL Group announced a new gas discovery in the MOL operated TAL block in Pakistan, the company’s 13th discovery in the country and the ninth discovery in the TAL block.
GlobalData said the biggest Liquefied Natural Gas (LNG) contract among all importing countries in the world was signed by Pakistan in the first quarter of 2016.
Amec Foster Wheeler said it has won a contract from Pakistan Refinery Limited for a detailed feasibility study to upgrade their refinery in Karachi.
Austria's OMV has made a new gas discovery in the Latif South-1 exploration well in Pakistan.
Oil and Gas Development Company Limited has found "significant" hydrocarbon reserves via its Aradin 1 exploratory well in Pakistan. This is the 104th discovery and a significant landmark achieved by the company.
Russian president Vladimir Putin said India and Pakistan will join the Shanghai Co-operation Organisation (SCO), a group dominated by Russia and China and also including former Soviet republics in Central Asia.