Day: February 20, 2026

OGDC Announces Oil and Gas Discovery at Baragzai X-01 (Slant) in Kohat, Khyber Pakhtunkhwa

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ISLAMABAD, February 20, 2026: Oil and Gas Development Company Limited (OGDC), Pakistan’s leading exploration and production company, on Friday announced a significant oil and gas discovery at its exploratory well Baragzai X-01 (Slant), located in Kohat district of Khyber Pakhtunkhwa province.The discovery has been made over the Lumshiwal Formation within the Nashpa Exploration Licence. During Cased Hole Drill Stem Test (CHDST-04) conducted in the Hangu and Lumshiwal formations, the well produced 225 barrels of oil per day (BOPD) and 1.01 million standard cubic feet per day (MMSCFD) of gas through…

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SIFC-backed projects drive historic energy output surge in Pakistan

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Pakistan has achieved a major milestone in energy production with the support of the Special Investment Facilitation Council (SIFC), signaling historic progress in the country’s oil and gas sector. Officials emphasized that these developments will enhance energy security and strengthen the nation’s economic foundation. The initiative reflects Pakistan’s commitment to modernizing its energy infrastructure through strategic partnerships and technological innovation.The Oil and Gas Development Company Limited (OGDCL) has partnered with foreign firms and adopted advanced technical measures to boost daily production. Key agreements include collaboration with French company SNF S.A.…

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Surplus Gas Redirected to Power, Fert Sector Proposed

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ISLAMABAD: The government is considering redirecting surplus gas from the Kandhkot field to the power and fertiliser sectors, as utilisation drops at Genco-II. Pakistan Petroleum Ltd (PPL) has reported underutilisation of gas from the field, with remaining recoverable reserves of 428 billion cubic feet as of June 2025. The Kandhkot field’s production potential is 150 million cubic feet per day, with a 13% annual decline rate. The Power Division seeks separate gas allocation and a revised agreement with PPL for Guddu 747, on the privatisation list, citing low capacity utilisation.…

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US to West’s energy watchdog: scrap net zero focus or we’ll quit

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PARIS: US Energy Secretary Chris Wright gave the International Energy Agency on Thursday a one-year deadline to scrap its support of goals to reduce energy emissions to net zero or risk losing the United States as a member.European countries played down the threat at the agency’s biennial meeting and restated their commitment to pursuing cleaner fuel.In 2015 the US and nearly 200 other countries signed the Paris Accords, an international pledge to limit global warming by burning less oil, gas and coal, with a goal of reaching net zero greenhouse…

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Solar Industry Rushes to Drip Silver, Embrace Copper as Costs Skyrocket

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LONDON: The solar panel industry is speeding up its shift away from silver, a costly key component, as prices surge 130% over the past year, pinching margins amid China’s production glut. “Silver is the biggest contributor to rising solar panel costs,” said JK Renewables’ Derek Schnee, noting panel prices jumped 7-15% in 12 months. Silver paste accounts for 30% of solar cell costs. With prices peaking at $121.64/ounce in January, manufacturers are hunting alternatives like copper ($77/ounce now). LONGi Green Energy is advancing copper tech, eyeing April-June mass production. “Leading…

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