Energy Bangla

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Dhaka Sunday,  Feb 1, 2015
In last week’s article I posted a chart from the International Energy Agency’srecent Oil Market Report that shows global demand for refined products catching up to supply by the 3rd quarter of this year. My opinion is that all of the analysts who are now blaming the sharp drop in oil prices on a “glut” of supply could change their tune quickly as consumers adjust to lower fuel costs. Just... »

Power Sector

No reason to raise prices for REB, DESCO

berc11 Staff committee of the Bangladesh Energy Regulatory Commission on Sunday said that Rural Electrification Board would have to raise retail power price by 0.27 per cent while Dhaka Electric Supply Company need not increase the price for now. The committee made the suggestions after it found that the PDB needed... »

Gas Sector

LNG terminal deal okayed

lng The government will construct floating liquefied natural gas (LNG) terminal with a daily capacity of 500 MMCF at Maheshkhali to meet the country’s energy demand. The Cabinet Committee on Economic Affairs (CCEA) today approved the “Term Sheet Agreement” signed with Singapore-based Astra Oil and Excelerate Energy Consortium in this regard.... »

Petroleum

Oil Price Collapse Hurting Some More Than Others

oil U.S. oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending. While that... »

EB Reports

IDCOL received ‘ICMAB Best Corporate Award 2014’

The Corporate Award and Branding Committee of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) has selected IDCOL for the Second Position in the category of ‘Best Corporate in the Non-Bank Financial Institution Sector’ as part of ‘ICMAB Best Corporate Award 2014’. Mr. Adul Maal Abdul Muhith, M.P,... »

Green Pages

ADB extend loans to help India’s solar power developer

abc20 The Asian Development Bank (ADB) is extending loans of up to $100 million to help India’s pioneering private sector solar power developer, the ACME group, finance badly needed new solar plants. “Solar and other renewable power sources are essential for India’s energy diversification and security, and for underpinning the country’s... »

Coal Sector

GCM’s Statement on Gary Lye’s Phulbari Visit

GAry GCM organises regular community meetings as part of our commitment to ensure local communities remain fully informed on all aspects of the planned coal mine and power plant developments. As part of this routine activity a series of programs were organised for Tuesday 25/11 and Wednesday 26/11 to cater for... »

Something to Say

Back To Basics: Why Conventional Drilling Makes Sense in 2015

estern refinary This New Year, an old trend may become a new trend as conventional drilling in North America is once again in the spotlight at a time when oil prices continue their slump and the unconventional becomes increasingly uneconomical. Advanced horizontal drilling and hydraulic fracking for extraction is much more expensive... »

Environment

Govt reopens Shela river route

BANGLADESH_OIL_SPI_2243121f Defying the recommendations of the UN experts and environmentalists, the government yesterday decided to allow vessels to ply through the Shela river in the Sundarbans from wednesday, apparently in the face of pressure from river transport workers. The decision came from an inter-ministerial meeting at the shipping ministry tuesday with... »