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Day: March 17, 2025

OGDCL Announces Significant Gas and Condensate Discovery at Soghri North-1 Well in Attock, Punjab

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New-OGDCL2

ISLAMABAD, March 17, 2025: Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production company, has announced a significant Gas and Condensate discovery at its Soghri North-1 well in the Soghri Block, located in the Attock district of Punjab. OGDCL is the sole of the Soghri Exploration License, with a 100% working interest.The Soghri North-1 well was spudded…

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DISCOVERY OF HYDROCARBONS IN EXPLORATORY WELL SPINWAM-1 (KAWAGARH FORMATION) BY MARL ENERGIES LIMITED (FORMERLY MARI PETROLEUM COMPANY LIMITED) IN WAZIRISTAN BLOCK – KP PROVINCE

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Mari energies

By the grace of Almighty Allah, Mari Energies Limited (formerly Mari Petroleum Company Limited) is pleased to announce second gas condensate discovery in Spinwam-1 exploration well in Kawagarh formation, drilled in Waziristan Block, located in North Waziristan district, KP Province. This follows the earlier announcement dated 25th February 2025 of the first hydrocarbon’s discovery in the same well in SumanaSukh…

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Business Community Urges Govt to Revoke Abrupt Changes in Net Metering Policy

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soalr energy

PESHAWAR:* The business community has voiced strong opposition to the government’s sudden changes in the net metering policy, warning that the move will severely hinder the growth of the renewable energy sector. They have called for an immediate reversal of the decision. Speaking on Sunday, traders criticized the drastic reduction in the power purchase rate for solar panel owners—from Rs…

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PEL Begins Export Operations to the USA with First Transformer Shipment

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Pak-Elektron

LAHORE:* Pak Elektron Limited (PEL) has officially launched its export operations to the United States, marking a significant milestone in its global expansion strategy. In a notice to the Pakistan Stock Exchange (PSX), PEL announced that its first consignment of transformers departed from Pakistan on March 13, 2025. “This achievement reflects our commitment to exploring new international markets and enhancing…

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KE Board to Approve Additional Write-Off Claims Worth Rs 50 Billion

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K-Electric

ISLAMABAD:* The Board of Directors of K-Electric (KE) is set to approve additional write-off claims to secure the approval of Rs 50 billion in billing adjustments for the financial years 2017 to 2023. This move aligns with an understanding reached with the Task Force on Energy, headed by Federal Minister for Power Sardar Awais Khan Leghari. The 125th KE Board…

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Chinese Firm Denies Allegations of Irregularities in Coal Bidding Process

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Sahiwal-Power

ISLAMABAD: Chinese company Huaneng Shandong Ruyi (HSR), the owner of the 1,360MW Sahiwal coal-fired power plant, has strongly refuted allegations of irregularities in its coal procurement process, dismissing them as a targeted attempt to tarnish its reputation for vested business interests. In a letter to the Power Division, HSR addressed a complaint filed by Noor Khan and Haider Sultan on…

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Solar Net-Metering Set to Expand Under New Policy: Energy Minister

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Net-Metering

Federal Minister for Energy Sardar Awais Ahmad Leghari announced on Sunday that the number of solar net-metering consumers is expected to rise following new policy regulations. Speaking on Geo News program Naya Pakistan, Leghari stated that solar consumers would recover their investment within approximately four years. He dismissed concerns that the government was discouraging solar adoption, clarifying that no taxes…

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Cuba Restores Power After 40-Hour Blackout, Reconnects National Grid

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Restores-Power

Cuba has restored electricity to much of Havana and reconnected its national grid after a 40-hour blackout that left 10 million people in the dark. Officials confirmed that by late Sunday, power had been restored to around two-thirds of the capital, with full restoration expected overnight. The outage began Friday evening when a transmission line at a Havana substation shorted,…

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