Category: Latest News

MILAN: QatarEnergy has extended force majeure notices on liquefied natural gas (LNG) deliveries, with Italian utility Edison and several Asian buyers, including customers in Bangladesh and Pakistan, facing further disruptions as the Strait of Hormuz remains closed. Edison, one of QatarEnergy’s largest European customers, said on Monday that it would not receive LNG cargoes until the beginning of December. The company’s latest extension follows a force majeure notice first issued in April after disruptions linked to the US-Iran war. Two trading sources said QatarEnergy had also informed customers in Asia…

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ISLAMABAD, September 28, 2026: Oil and Gas Development Company Limited (OGDC) has welcomed the second batch of its all-female Management Trainee Officers (MTOs) Programme 2026-27, comprising of 52 female graduates from diverse academic backgrounds and institutions across Pakistan. The programme reflects OGDC’s commitment to Diversity, Equity and Inclusion (DEI) and its efforts to increase the participation of women in the energy sector.A ceremony was held at the OGDC Training (Oil & Gas Training Institute – OGTI) to formally welcome the management trainees. Addressing the ceremony, MD/CEO OGDC Ahmed Hayat Lak…

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ISLAMABAD: For anyone looking to acquire a Pakistani power distribution company (Disco), the question is not simply how much the utility is worth—it is how much certainty comes with the investment. While the commercial opportunity is significant, so are the risks. Unlike the Pakistan Steel Mills privatisation process, the Disco privatisation programme has moved at a considerable pace. Expressions of interest (EOIs) for Faisalabad Electric Supply Company (Fesco), Gujranwala Electric Power Company (Gepco) and Islamabad Electric Supply Company (Iesco) have attracted 12, 11 and 10 submissions, respectively. Foreign interest has…

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ISLAMABAD: Attock Refinery Limited (ATRL), a subsidiary of Attock Oil Company Limited, is planning to establish a new 50,000-barrels-per-day (BPD) deep-conversion refinery, subject to the availability of sustainable supplies of local crude from northern fields and necessary government support. The company disclosed the plan in its annual report, highlighting the project as part of its broader strategy to expand capacity and upgrade product quality. “ARL has plans to install a state-of-the-art new deep conversion refinery of 50,000 BPD capacity, if sustainable enhanced supplies of local crude from the North become…

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LAHORE: Petroleum Minister Ali Pervaiz Malik has said the government may continue its petrol subsidy scheme for up to 10 months, if necessary, to provide relief to consumers amid rising pressures on household budgets. Speaking to the media in Lahore on Sunday, Malik said the government was aware of the difficulties being faced by the public and would pass on any reduction in international oil prices to consumers. “The petrol subsidy scheme will be continued for the public if it has to run for 10 months,” he said. According to…

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