Author: Admin

PPL secures provisional award of eight new blocks, two as operator

Admin
PPL-logo

Pakistan Petroleum Limited (PPL) proudly announces that the company participated in competitive bidding for the award of blocks for hydrocarbon exploration which was held by the Government of Pakistan on October 31, 2025. PPL participated in eight offshore blocks and secured 100 percent success, with two as operators and six as Joint Venture (JV) partners. The Government of Pakistan has provisionally awarded eight (8) new blocks (Gharo Creek, Kochi Creek, Bin Qasim South, Keti Bandar, Behr, Zarrar, Offshore Deep D, and Sapat Bandar) to joint ventures of PPL with other…

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OGDC Secures Provisional Award for Eight Offshore Exploration Blocks

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ogdc-new

ISLAMABAD, November 13, 2025: Oil and Gas Development Company Limited (OGDC) has been provisionally awarded eight new offshore exploration blocks following a competitive bidding round conducted by the Government of Pakistan in October 2025.The Ministry of Energy (Petroleum Division) has communicated the provisional award of exploration rights to OGDC, Pakistan Petroleum Limited (PPL), Mari Energies Limited (MariEnergies), and Prime Global Energies Limited (Prime).Under the provisional award, OGDC has secured participation in eight offshore blocks across the Indus and Makran basins. The company will serve as the operator in two of…

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CPPA-G Proposes Five Power Price Scenarios for 2026 Ahead of NEPRA Hearing

Admin

ISLAMABAD: The Central Power Purchasing Agency–Guaranteed (CPPA-G) has developed five power purchase price (PPP) scenarios for calendar year 2026, reflecting varying assumptions of electricity demand, fuel prices, hydrology, and exchange rates. The National Electric Power Regulatory Authority (NEPRA) will hold a public hearing on November 18, 2025, to review CPPA-G’s petition. The proposed PPP projections range from Rs 25.69 to Rs 26.53 per unit, with Scenario 1 estimating Rs 25.95 per unit and Scenario 4 peaking at Rs 26.20 per unit. These variations stem from different forecasts of exchange rate…

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COP30 Opens in Brazil with Call for Global Unity to Tackle Climate Crisis

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Cop-30

BELEM, BRAZIL: The COP30 climate summit began on Monday with a strong appeal for unity from UN Climate Chief Simon Stiell, who urged nations to cooperate in addressing the escalating climate crisis rather than clash over political and economic priorities. Hosted in the Amazonian city of Belem, Brazil managed to broker an agreement on the summit’s agenda, defusing attempts by some developing-country blocs to insert divisive issues such as climate finance and carbon taxation into the negotiations. Amid a tense global backdrop marked by geopolitical rifts and resistance from major…

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Govt Mulls Quarterly Gas Price Revisions to Curb Circular Debt

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Gas-Tariffs

ISLAMABAD: The government is considering a major policy shift to move from biannual to quarterly gas price revisions, aligning the gas sector’s tariff mechanism with that of the power sector in a bid to strengthen the financial health of gas utilities and contain the growing circular debt. Under the proposed system, the Oil and Gas Regulatory Authority (OGRA) will notify revised gas tariffs every three months instead of twice a year. The Petroleum Division has already asked OGRA to propose amendments to existing regulations, with a final report expected to…

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