Year: 2023

OGDCL Achieves Another Major Gas Condensate Discovery at Dars West Well #02 in Sindh

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ogdcl-01

ISLAMABAD, December 08, 2023: As a result of the aggressive exploration strategy, the Oil & Gas Development Company Limited (OGDCL) has successfully discovered gas and condensate at Dars West Well #02, located in the Tando Allah Yar district of Sindh province.The exploratory efforts at Dars West Well #02, part of the Dars West Development and Production Lease Joint Venture, were led by OGDCL as the operator with a 77.5% stake, and GHPL holding a 22.5% carried interest. The well, drilled to a depth of 2081 meters, penetrated the “C” Sands…

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SNGPL seeks significant security deposit increase for gas consumers

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gas-shortage

The suggested hike could raise the security deposit for RLNG consumers to Rs50,000, up from the current Rs15,000 for those using over 1.67 cubic meters of gas per month ISLAMABAD: The Sui Northern Gas Company Limited (SNGPL) has requested a significant security deposit increase for domestic gas consumers in a proposal submitted to the Oil and Gas Regulatory Authority (Ogra). The suggested hike could raise the security deposit for RLNG consumers to Rs50,000, up from the current Rs15,000 for those using over 1.67 cubic meters of gas per month. For…

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Conversion of plant to Thar coal: JPCL CEO asks PD to take informed decision

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Thar-coal

ISLAMABAD: Chief Executive Officer (CEO), Jamshoro Power Company Limited (JPCL) has asked Power Division to take informed decision on conversion of plant from imported coal to Thar coal with specific consideration on environmental impacts, and financial close of the conversion option. CEO, JPCL, Tanzil Rahim, in a letter to Power Division stated that he has been directed and authorized by Board of Directors (BoD) JPCL in its meeting held on November 22, 2023 to convey the point of view of Board of Directors JPCL that based on the preliminary evaluation…

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LSG Hydro Power Project: Nepra weighs up grant of concurrence application filed by Korean co

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Nepra-KE-1

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) conducted a public hearing to deliberate the grant of concurrence application submitted by Korean firm M/s LSG Hydro Power Limited. The company is seeking NEPRA’s approval for the concurrence and compliance of technical standards for the Lower Spat Gah Hydro Power Project, along with proposing the determination of the power purchaser at the tariff stage. During the hearing, the Chief Executive Officer of Pakhtunkhwa Energy Development briefed NEPRA on the Lower Spat Gah Hydro Power Project. He informed the Authority that the…

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PM urges business community to take advantage of SIFC

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Prime-Minister

KARACHI: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Thursday, reiterating the government’s commitment to provide a conducive environment and streamlining regulations, urged the local business community to take advantage of the Special Investment Facilitation Council (SIFC). The prime minister, addressing the ceremony for distribution of Pakistan Stock Exchange (PSX) Awards to top 25 companies of the country for the year 2022, said the caretaker government’s ultimate goal was to provide a blueprint for the next government. He said the government had sought help from the Pakistan Army to facilitate the business…

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