Year: 2026

ISLAMABAD: A controversy has emerged over the proposed sale of 35 percent of gas from the Spinwam Gas Field by Mari Energies, after a formal complaint was submitted to Prime Minister Shehbaz Sharif and other relevant authorities alleging violations of regulatory requirements. The complaint, filed by the Organisation for Advancement & Safeguard of Industrial Sector (OASIS), contends that the bidding process is inconsistent with a decision of the Council of Common Interests (CCI), which permits exploration and production (E&P) companies to sell up to 35 percent of their gas share…

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In a landmark move toward modernization and digital transformation of Pakistan’s power sector, the Ministry of Energy (Power Division) has established the country’s first-ever Data Governance Council in the public sector under the leadership of the Federal Minister for Energy. The newly formed council includes representation from all major power sector entities and has been developed in consultation with the Pakistan Digital Authority. The initiative aims to integrate data from generation companies (GENCOs), distribution companies (DISCOs), transmission organizations, and regulatory institutions into a unified and coordinated system. With the establishment…

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KARACHI: Pakistan Petroleum Limited (PPL) has signed a memorandum of understanding (MoU) with Folio3, a US-based artificial intelligence technology company with a global delivery network, to explore the use of AI in enhancing efficiency across upstream oil and gas operations. According to a statement issued on Tuesday, the MoU was signed by PPL Managing Director and Chief Executive Officer Pakistan Petroleum Limited Mohammad Khalid Rehman and Folio3 Chief Executive Officer Adnan Lawai at PPL’s head office on June 9. Senior officials including Brigadier (retd) Ajaz Ahmad Khan were also present…

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KARACHI: The oil industry has expressed serious concerns over recent changes in the government’s petroleum product pricing methodology, warning that the revised mechanism could threaten fuel import sustainability and long-term energy security. In a formal communication to the Ministry of Energy (Petroleum Division) and the Oil and Gas Regulatory Authority (OGRA), the Oil Companies Advisory Council (OCAC) said the revised pricing framework, effective June 6, 2026, introduces a calendar year-to-date averaging approach for key cost components of motor gasoline (Mogas), including import premiums, customs duties, and incidentals. The industry body…

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SINGAPORE: A fifth liquefied natural gas (LNG) tanker linked to Qatar has successfully transited the Strait of Hormuz carrying a full cargo, according to ship-tracking data, despite heightened regional tensions. The latest passage brings the total number of loaded LNG vessels exiting the strategic waterway to nine since the outbreak of the conflict. The Strait of Hormuz remains a critical global energy chokepoint, through which a significant share of the world’s LNG and oil supplies pass. Despite security concerns, shipping activity has continued, indicating that key energy flows from the…

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