Hubco acquires Eni operations in Pakistan

KARACHI: The Hub Power Holding Limited on Monday announced to acquire all upstream operations of Eni in Pakistan. In an information shared by the Pakistan Stock Exchange (PSX), the it said that the Hub Power Company Limited (HUBCO) together with ENI’s local employees (in a 50:50 joint venture) has executed definitive agreements to acquire all […]

by Mrs. Anjum Shahnawaz

Hopes of oil, gas discovery in offshore drilling by April

Pakistan is hoping major discovery of oil and gas in offshore drilling by April of this year, according to a statement of the petroleum minister.

by Mrs. Anjum Shahnawaz

Preliminary report on Karachi deep sea drilling submitted

KARACHI – A multinational joint venture comprising ENI, Exploration and Production Pakistan BV (EEPP), and Pakistan Petroleum Limited (PPL) has initiated the preliminary phase of offshore drilling for oil and gas in Karachi’s ultra-deep waters.

by Hamza Shahnawaz