Energy Bangla

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Dhaka Friday,  Feb 27, 2015
Petrobangla, the state-run oil, gas and mineral corporation, signed a “Term sheet for terminal use agreement” with Excelerate Energy Limited Partnership, a Singapore-based US company, at Petrobangla auditorium in the city on Wednesday to install the country’s first floating LNG terminal in Cox’s Bazar. The LNG stands for liquefied natural gas. The government needs to spend about $2.7 billion excluding $2.58 billion for LNG import and around $90.16 million for... »

Power Sector

PDB, Engreen ink deal for solar power

power.solar.jamalpur The Power Development Board (PDB) has signed an agreement with Engreen Solar Plant Ltd on an IPP basis to produce three megawatt of power from solar PV which would directly be added to the 33/11 KV substation at Sharishabari in next 10 months. The Secretary of PDB, Md Jahurul Haque,... »

Gas Sector

Conoco, Statoil get 3 offshore blocks

offshore The Cabinet Committee on Government Economic affairs on Wednesday approved a proposal of Petrobangla to award three deep-sea gas blocks to the US-based ConocoPhillips and Norway-based Statoil ASA for exploring oil and gas in the Bay of Bengal. The approval was given at its regular meeting with the Finance Minister... »

Petroleum

Why Oil Prices Must Go Up

oil It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil. While analyzing the short-term trajectory of oil prices is certainly important, it obscures the fact that... »

EB Reports

“Rosatom” science booklet on nuclear energy at Book Fair

February 26, 2015, Dhaka – A popular science illustrated booklet with basic facts about atomic energy in Bangla was unveiled by Russian atomic energy corporation Rosatom at Omor Ekushey Book Fair at Bangla Academy. The presentation of the booklet was supported by the Ministry of the Science and Technology, Bangladesh... »

Green Pages

$100m scheme for clean stoves

stove The government has made a commitment to invest around US$100 million in promoting clean-cooking stove to check women’s health hazard and protect environment with support from local and foreign development partners. The investment will involve formulation of a policy-guideline to promote improved cooking stoves, known as “Bondhu Chula,” popularize the... »

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

British ‘chocolate greenhouse’ saving the world’s cocoa

LONDON, Feb 23, 2015 (BSS/AFP) – Chocolate lovers take heart: a steamy greenhouse near London is helping to ensure that cocoa crops globally remain disease-free and bountiful to cope with the growing appetite for sweet treats. On a winter morning, the temperature is a chilly eight degrees Celsius but inside... »