KARACHI  - After two days of post election rally market saw volatility and ended up by close to 100 points. At local equity market benchmark KSE-100 share index up by 92.07 points or 0.45 percent to end the day at 20,566.69 points compared to 20,474.62 points of the previous day.  ...

islamabad - The caretaker government has appointed Riaz Ahmad Khan as new managing director of Oil and Gas Development Company Limited (OGDCL). Khan took charge on Tuesday.Following removal of Masood Siddiqui over different corruption charges, the interim government has given acting charge of OGDCL ...

ISLAMABAD – OGDCL Sports Spring Gala 2013 concluding events started with the table tennis final on Tuesday.  Eight teams will vie at Bhutto cricket ground for the tournament today (Wednesday). MD OGDCL Masood Siddiqui will grace the occasion as chief guest, while the final of football ...

ISLAMABAD - OGDCL has awarded a contract for development of Kunar Pasakhi Deep and Tando Allah Yar Field Development Project-Phase-II in a simple ceremony. The project consists of gas gathering system, which will convert 250 mmwefd of raw gas into 225 mmwefd of pipeline quality gas and is expected ...

ISLAMABAD - OGDCL has started production from Sinjhoro field located in District Sanghar Sindh, about 65 KM northeast of Hyderabad City. The Sinjhoro Gas Field of OGDCL has started production of 12 MMCFD gas to SSGCL and 1,100 BBLS of condensate. The project is a Joint Venture of OGDCL, OPL and ...

ISLAMABAD - Oil and Gas Development Company Limited (OGDCL) in a bid to provide maximum benefit to its majority of local workers, on Monday converted 3,052 third party workers on daily wages basis who were serving the organisation for last many years.According to a handout, OGDC has two categories ...

ISLAMABAD – The Oil and Gas Development Company Limited (OGDCL), operator of Zin Exploration licence, together with joint venture partner Government Holdings Pvt Ltd (GHPL) has discovered gas reservoir bearing zone from its well Zin SML-I located in District Dera Bugti of Balochistan. ...

ISLAMABAD The National Accountability Bureau has summoned former prime minister Yousaf Raza Gilani today to seek explanation regarding the appointment of Adnan Khwaja as OGDCL chairman. Sources said that NAB has issued notice to the former premier on the orders of the Supreme Court while a ...

LAHORE - The Oil and Gas Development Company Limited (OGDCL) has announced that the company has struck a discovery of 20mmcf gas at Suleman-1, District Khairpur Sindh. As per KSE notice, the OGDCL holds 95 per cent working stake in the field, which is estimated to translate into an annualised ...

ISLAMABAD  - The Oil and Gas Development Company Limited (OGDCL) on Tuesday clarified that rigs tender bidding process has been concluded in accordance with the terms and conditions of the tender enquiry while following the PPRA Rules.The company said, in a press release, the distorted ...

ISLAMABAD - Oil & Gas Development Company Limited (OGDCL) MD/CEO Masood Siddiqui has said that the company has achieved 4.6 per cent growth rate in production of oil & gas, a significant increase in exploration and will drill 37 new wells during the current fiscal year against 17 wells ...

ISLAMABAD - The 15th annual general meeting (AGM) of OGDCL was held here at OGDCL House Islamabad, which was presided by Ch Muhammad Shafi Arshad, chairman of the Board of Directors. Masood Siddiqui, MD/CEO OGDCL, alongwith other directors of the BoD were also present, says a Press release.Ch ...

ISLAMABAD - The 15th annual general meeting (AGM) of OGDCL shareholders is scheduled to be held at OGDCL Headquarter on October 4, 2012 to dispose off ordinary business of the company carried out during the last financial year. Ch Muhammad Shafi Arshad, Chairman of the Board of Directors, and ...

ISLAMABAD – An emergency evacuation drill was carried out at OGDCL House here under the leadership of Masood Siddiqui MD/CEO. This drill was conducted to create awareness among OGDCL employees to respond in event of an emergency. HSEQ, Administration and Security Department coordinated the ...

LAHORE – Following an increase in the international Saudi Aramco Contract Price, state owned LPG producer, OGDCL has increased its LPG price by Rs 18,836 from Rs. 85,104 to Rs. 103,940 per metric ton.  “Local LPG prices which are indexed to Saudi Aramco CP have arisen in direct ...

ISLAMABAD  - Oil and Gas Development Corporation Limited (OGDCL) has discovered five new discoveries during this last eleven months of this year under its vision to meet energy needs of the country.The Corporation has discovered reserves of hydrocarbons from its appraisal well Nashpa-2 located ...

ISLAMABAD - Oil and Gas Development Company Limited (OGDCL) will issue Term Finance Certificates (TFCs) worth Rs 70b in an apparent bid to assist the cash-starved PPP-led govt to resolve the soaring circular debt issue of power sector of the country. Sources in ministry of water and power disclosed ...

A parliamentary panel on Wednesday showed annoyance over irregular hiring Oil and Gas Development Company limited (OGDCL) and directed the officials to submit detailed reports about qualification and experience of all applicants who applied for these posts. Meeting of sub-committee of national ...

ISLAMABAD - Reference to a news item published in a section of press on 19th March, 2012 it is clarified that OGDCL has made investment of Rs 60 million in various corporate social responsibilities projects at Dakhni Oil Field including Installation of water pipeline to village Bella and Ziarat of ...

AHMAD AHMADANIISLAMABAD - National Assembly Standing Committee on Petroleum and Natural Resources is to take up much controversial administrative reshuffle in the OGDCL ostensibly without considering relevant experience, company’s law and its policy when it meets on February 1st.The 39th ...

AHMAD AHMADANIISLAMABAD - Making mockery of merit and rule of law, an influential firm has succeeded in providing expired chemical to the OGDCL with the connivance of its own management, it was reliably learnt on Saturday.Sources in OGDCL (Oil and Gas Development Company Limited) privy to the ...

ISLAMABAD - Without considering relevant experience, company’s law and its policy in recent major reshuffles at OGDCL, blue-eyed appointments have been made ostensibly to ensure the purchase of two new rigs through a favourite firm, which had failed to fulfil any commitment with the company. ...

ISLAMABAD - OGDCL has handed over the first copy of much awaited Pakistan Basin Study (PBS) Report to Pakistan Petroleum Limited (PPL) here. Asif Saeed Sindhu, MD/CEO, OGDCL handed over the copy of much debated Pakistan Basin Study (PBS) Report to Asim Murtaza Khan, MD, PPL in a ceremony held in ...

LAHORE - Advisor to Prime Minister on Petroleum and Natural Resources Dr Asim Hussain has never issued any instructions regarding regularisation of services with any back dated financial benefits to 302 Management Trainees inducted into the countrys largest petroleum/gas producer Oil and Gas ...

ISLAMABAD - Ministry of Petroleum and Natural Resources is inclined to pass on the Jakhro field with oil and gas reserves worth million of dollars to the government of Sindh, The Nation learnt reliably. Petroleum Ministry is near to pass on the Jakhro field to the government of Sindh. Consequently ...

ISLAMABAD - Dialogue between Sindh government and Oil and the Gas Development Company Limited (OGDCL) bore no fruit so far as the former refusal to pay wellhead price as per Petroleum Concession (PC) agreement for the supply of gas from four dormant gas fields in line with the decision of Economic ...

ISLAMABAD - While resisting a move on the part of Sindh government to surrender four dormant fields to the province, OGDCL has formally conveyed that it would not hand over fields and asked to get gas at wellhead price in light of the decision of the Economic Coordination Committee (ECC) of the ...

ISLAMABAD - In an appalling eye-opener to Senate Special Committee, Oil and Gas Development Company Limited (OGDCL) Managing Director (MD) Naeem Malik informed on Tuesday that only 1.76 per cent appointments, out of total 7.5 per cent quota, were made on merit during last three years - 2007 to ...

ISLAMABAD - Senate Standing Committee on Petroleum and Natural Resources has noted with serious concern that a powerful group in LPG sector was behind litigation on different fields of Oil and Gas Development Company Limited (OGDCL) to get hold on LPG. The Senate body, which met with Senator Sabir ...

LAHORE - Two officers of OGDCL M/S Khan Alam, Acting General Manager (HR) and Tariq M. Qureshi, Acting Chief (HRD/ Recruitment) have been awarded with gold medal by the Management and CBA in recognition of their outstanding services, says a press release. They have set an example for the other ...