Energy Bangla

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Dhaka Monday,  Jan 26, 2015
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 may soon begin to cut into actual production figures, a new Wood Mackenzie report finds a lot of nuance in... »

Power Sector

Govt to procure power from Indian open market

blackout-station The government will procure 30-50 MW power from the open market of India. The Cabinet Committee of Government Purchase (CCGP) at today’s meeting gave nod to the power procurement proposal held at cabinet division with Finance Minister A M A Muhith in the chair. Mustafizur Rahman, Joint Secretary of Cabinet... »

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

Energy Crisis As Early As 2016

co-337x205 Low oil prices today may be setting the world up for an oil shortage as early as 2016. Today we have just 2% more crude oil supply than demand and the price of gasoline is under $2.00/gallon in Texas. If oil supply falls too far, we could see gasoline prices... »

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

Could falling oil prices spark a financial crisis?

ano-muhith The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from company shareholders and traditional banks, but hundreds of billions of dollars have also come from junk-bond investors looking for high returns. Junk-bond debt in energy... »

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... »