Syria's President Meets Chevron on Offshore Gas Project
Syrian President Ahmad Al-Sharaa met Chevron's Frank Mount to discuss offshore gas exploration, marking Syria's first deep-water gas project in the Mediterranean.
Category : Energy Sector
Gatwick Expansion Lawful, UK Court Rules Second Runway OK
London's High Court ruled that Britain's approval of Gatwick Airport's expansion was lawful, allowing the second runway plan to add millions of passengers by 2030.
Pakistan okays 435-km fuel pipeline from Punjab to KP
Pakistan's investment body approved a 435-km white oil pipeline from Punjab to Khyber Pakhtunkhwa to improve energy security, lower costs, and reduce road-based fuel transport.
Oil falls 1% as investors focus on Hormuz flows
Oil prices dropped over 1% on Tuesday amid signs of progress in restoring flows through the Strait of Hormuz after US-Iran peace talks, with Brent crude falling to $76.81 a barrel.
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Petroleum Imports Up 2.23% in 11 Months of FY 2025-26
Pakistan's petroleum group imports rose 2.23% to $14,953.227 million in July-May 2025-26, driven by crude and product increases, while LNG imports fell 37.21%, according to PBS.
KP Seeks NEPRA Nod for Rs17.71/Unit Tariff for 300MW Balakot Project
Khyber Pakhtunkhwa government has petitioned NEPRA for a levelized tariff of Rs17.71 per unit for the 300MW Balakot Hydropower Project costing $612.56 million, with a public hearing scheduled for July 2, 2026.
Qatar gas plant blast kills 13, injures 66
At least 13 people were killed and 66 injured in an explosion at Qatar's largest LNG facility in Ras Laffan. The energy minister says exports are unaffected and the blast was an accident, not sabotage.
Pakistan Ends Fuel Subsidy as Global Oil Prices Drop
Pakistan discontinues fuel subsidy for motorcyclists, farmers, and transport after global oil price decline; PM Shehbaz Sharif approved the decision.
France-Germany seal KNDS arms deal, paving way for IPO
France and Germany agreed on equal stakes in KNDS, a major European arms maker, enabling a dual IPO in Paris and Frankfurt to strengthen defence cooperation amid tensions with Russia and US.
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13 Killed in Qatar Gas Plant Explosion, No LNG Impact
Thirteen people were killed and dozens injured in an explosion at Qatar's Ras Laffan gas processing facility. Energy minister says no LNG impact, investigation underway.
Gas Load Shedding Disrupts Niaz in Hyderabad During Muharram
Hyderabad residents face severe gas load shedding during Muharram's first ten days, with supply only nine hours daily at low pressure, disrupting Nazar and Niaz preparations.
OGRA Licence Holders Question Spinwam Gas Bidding Framework
Stakeholders with OGRA gas marketing licences challenge the Spinwam gas bidding framework for allowing non-licensed entities to participate, arguing it violates the CCI decision and threatens regulatory compliance.
Emergency meeting on oil industry Rs104bn loss
Pakistan's petroleum minister calls emergency meeting after oil industry protest over pricing formula change causing Rs104 billion losses, threatening sector viability.
Oil Prices Drop Nearly 4% as Iran Strait Tensions Ease
Oil prices fell nearly 4% on Monday after US VP Vance reported progress in Iran talks and the Strait of Hormuz reopened, easing supply fears.
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Pakistan Ends Fuel Subsidies After Global Price Drop
Pakistan discontinues fuel subsidies for motorcyclists, farmers, and public transport after global prices fell sharply, with petrol now at Rs299 and diesel at Rs311 per litre.
Safer Co. CEO: Firm Ready to Resume LNG Exports
Safer Exploration & Production Operations Co. CEO Salem Kaiti says the company is technically prepared to resume LNG exports once the government authorizes and security improves, as production has halved due to war.
Qatar Gas Terminal Blast Kills 13 Pakistanis, Indians
An explosion at Qatar's Ras Laffan natural gas export terminal killed 13 people from India and Pakistan and injured 66 others as workers tried to resume operations after an Iranian attack.
Qatar Gas Hub Blast Kills 13, Injures 66: Minister
A blast at Qatar's Ras Laffan gas hub killed 13 and injured 66. Energy minister Saad Al-Kaabi confirmed it was an accident, not sabotage, and said exports are unaffected.
Saudi Masam Clears 1,779 Explosives in Yemen
Saudi Masam project removed 1,779 explosive devices in Yemen last week, including mines and IEDs, bringing the total cleared since 2018 to 568,961.
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Russia Repels Drone Attack on Tyumen Oil Refinery
Russian air defenses repelled a drone attack on an oil refinery in Tyumen, Siberia. Governor Alexander Moor confirmed no damage and staff evacuated.
Qatar Gas Terminal Blast: 54 Hurt, 18 Missing
An explosion at Qatar's Ras Laffan gas terminal during restart efforts after Iran bombing injured 54 and left 18 missing, threatening global energy markets.
Brent falls after US-Iran talks conclude in Switzerland
Brent crude fell $1.19 to $79.38 a barrel after US-Iran talks concluded in Switzerland, with Tehran securing waivers for oil exports, easing supply shortage fears.
Saudi Construction Costs Edge Up 0.2% in May
Saudi Arabia's Construction Cost Index rose 0.2% month-on-month in May 2026, with annual growth at 2.6%, driven by higher equipment rental, labor, and energy costs amid Vision 2030 projects.
54 Injured, 18 Missing After Qatar LNG Complex Blast
An explosion at Qatar's Ras Laffan LNG complex injured 54 and left 18 missing. The 'technical accident' occurred during restart after an Iranian attack, shaking Doha 70 km away.
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IESCO Arranges Uninterrupted Power for Muharram
IESCO finalizes comprehensive emergency plan for safe, reliable electricity supply during Muharram, especially on Ashura, with 24/7 control rooms and staff on high alert.
Rs1 Billion Allocated for CPEC 2.0 in PSDP 2026-27
Pakistan has allocated Rs1 billion for CPEC 2.0 initiatives in the PSDP 2026-27, focusing on railway modernisation, industrial cooperation, policy research, and academic exchanges under the second phase of the China-Pakistan Economic Corridor.
Europe heatwave: France bans alcohol, Germany cancels sports
France banned alcohol in red-alert areas, Germany cancelled the Berlin Open final, and Spain called off a World Cup screening as Europe faces a June heatwave threatening records, with scientists attributing it to global warming.
Gwadar Port: From 1954 Vision to 2025 Reality and Future
Gwadar Port, envisioned in 1954, received its first commercial cargo in 2008 but remained dormant until the Iran war diverted traffic. Despite a projected $30 billion GDP by 2050, it handled only 8,300 TEUs in 2025, highlighting vast untapped potential.
Shangla Residents Demand End to 20-Hour Power Outages
Residents and traders in Shangla demand urgent action against prolonged electricity outages lasting up to 20 hours during rainfall, despite the district generating 85 MW of hydropower.
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Punjab Police Deploys 31,000 for Muharram Security
Punjab Police deployed over 31,000 personnel for Muharram security, covering 278 processions and 3,907 majalis. IGP Abdul Kareem oversees operations with CTD, Safe Cities cameras, and 426 search operations in 24 hours.
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