Author: Admin

Pakistan Plans Offshore Artificial Island to Accelerate Oil and Gas Exploration

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Pakistan Petroleum Ltd (PPL) is constructing an artificial island off the coast of Sindh to serve as a launchpad for expanded offshore oil and gas exploration, Bloomberg reported on Wednesday. The state-owned energy company is reclaiming land about 30 kilometres from Sujawal, according to PPL’s General Manager Exploration and Core Business Development, Arshad Palekar, who spoke on the sidelines of an oil and gas conference in Islamabad. Designed at a height of six feet, the platform aims to ensure uninterrupted, round-the-clock drilling operations by preventing high tides from disrupting work.…

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Aramco Inks $30bn Investment Deals with Leading US Companies

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DUBAI: Saudi Aramco announced on Wednesday that it has signed 17 preliminary agreements with major US companies, carrying a potential value exceeding $30 billion. The development coincides with Saudi Crown Prince Mohammed bin Salman’s high-profile visit to Washington and underscores deepening economic ties between Riyadh and Washington. According to Aramco, the agreements span multiple sectors, including liquefied natural gas (LNG), financial services, advanced materials manufacturing, and the procurement of materials and services. Saudi and US officials highlighted the deals as a strong indication of strengthening bilateral investment flows. “We expect…

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OGDC Wins Pakistan’s No. 1 Corporate Philanthropy Award

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ISLAMABAD, November 19, 2025: Oil and Gas Development Company Limited (OGDC) on Wednesday secured 1st place in the Corporate Philanthropy Awards 2025, earning recognition from the Pakistan Centre for Philanthropy (PCP) as the largest corporate contributor in terms of CSR spending across the country. The award ceremony, held in Islamabad, celebrated companies making meaningful contributions to social development and community upliftment.MD/CEO OGDC, Mr. Ahmed Hayat Lak, received the award from the Federal Minister for Finance & Revenue, Mr. Muhammad Aurangzeb. The achievement underscores OGDC’s long-standing commitment to sustainable development, education,…

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Pakistan Launches First-Ever Standardised Bunkering Facility at Karachi Port

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ISLAMABAD: Pakistan has formally entered the global bunkering market with the launch of its first standardised ship-fuelling operations at Karachi Port, marking a major step toward modernising the country’s maritime infrastructure and aligning it with international safety and operational benchmarks. Bunkering — the process of supplying vessels with fuel such as marine gas oil, heavy fuel oil or LNG — is a tightly regulated activity essential for global shipping. Until now, Pakistan lacked a commercial refuelling facility, forcing ships to obtain fuel from hubs like Fujairah and Singapore. Maritime Affairs…

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Pakistan and Germany Explore Enhanced Cooperation in Mining, Energy, and Natural Resources

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*Islamabad, November 18,2025 Federal Minister for Petroleum, Ali Pervaiz Malik, was called on by H.E. Ms. Ina Lepel, the German Ambassador to Pakistan, at the Ministry of Energy. Ms. Janine Rohwer, Political and Economic Counsellor was also in presence. The discussions centered on unlocking the vast potential for bilateral cooperation in Pakistan’s mining, minerals, and energy sectors. The German Ambassador, H.E. Ms. Ina Lepel, commended Pakistan’s efforts and highlighted the growing international interest in the country’s natural resources. “There is a lot of potential in Pakistan’s mining and natural resources…

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