The Oil and Gas Development Company Limited (OGDCL) has completed Pakistan Basin Study (PBS), containing important information regarding hydrocarbon exploration opportunities in the country.

The report had been completed on the direction of Ministry of Petroleum and Natural Resources.

UK based consultant and geosciences Services Company Fugro Robertson Ltd (FRL) conducted the study.

The accelerating dash for natural gas risks a bitter backlash as the environmental cost of exploiting new shale deposits and of transporting it in liquid form spoil its credentials as the greenest fossil fuel.

Gas was long regarded as a "bridging fuel" for use in relatively easily-to-build, gas-fired power plants, until enough renewable or low-emission nuclear power could be achieved.

Follow

New York has touted its new rules on natural gas drilling as tough measures meant to keep its drinking water pure, but one cornerstone of its proposed regulation may fall short of existing industry practice.

Top global miner BHP Billiton will buy U.S. Petrohawk Energy Corp for $12.1 billion in cash, ramping up its bets on the booming but environmentally controversial shale gas industry.

At $38.75 a share, BHP is offering a 65 percent premium to Petrohawk's closing stock price on Thursday.

Alaska's Cook Inlet basin still has potential for abundant natural gas and oil discoveries even after five decades of production, according to a federal report issued on Tuesday, signaling potential revenue for the state and more interest from developers.

In the first resource assessment issued since 1995, the U.S.

Independent energy producer Chief Oil & Gas has been fined $180,000 by Pennsylvania regulators for environmental violations in the Marcellus Shale, the Department of Environmental Protection said on Tuesday.

Chief Oil & Gas has paid the civil fine, which was related to a hydraulic oil spill and the failure to maintain a drill pit at a natural gas well in Somerset County, the Pennsylvania DEP sa

The Arkansas Oil and Gas Commission on Tuesday proposed a permanent moratorium on disposal wells related to natural gas drilling in a 1,150-square-mile area in the center of the state. State scientists have found a highly suggestive link between the operation of these wells and a swarm of more than 1,220 earthquakes since early last fall, including a 4.7-magnitude quake in February.

Hardliners of the United Liberation Front of Assam (ULFA) led by Paresh Barua have issued

Exxon Mobil Corp defended hydraulic fracturing at its annual shareholder meeting on Wednesday, even as investors peppered CEO Rex Tillerson with concerns and questions about the technology.

A shareholder proposal requiring greater disclosure by Exxon on the risks and impact of its hydraulic fracturing practices was voted down by about 70 percent of the world's largest publicly traded oil compan

The cabinet committee on economic affairs at a meeting on Monday approved the proposal to sign the Production Sharing Contract with ConocoPhillips for oil and gas exploration and extraction in the Bay of Bengal, said Cabinet Division joint secretary Mohammad Nurul Karim.

Petrobangla will now send the proposal to the energy ministry for final approval of the prime minister who also holds the cha