Energy Bangla

Energy electricity and environment news portal

Dhaka Thursday,  Jul 30, 2015
The undisputed king of oil and gas is making some moves that could change the face of the global refining sector. In June 2015, Saudi Arabia pumped a record 10.564 million barrels a day, a record level. As if being the world’s biggest exporter of oil was not enough, the desert kingdom is now looking to conquer the refining sector as it has quickly become the fourth largest refiner in... »

Power Sector

Siemens bags Rs 123 crore order from Bangladesh’s Power Grid Co

power-2-337x205 Siemens has bagged an order worth Rs 123 crore from Power Grid Company of Bangladesh, the Indian arm of the German engineering major said Thursday. The project entails designing, procurement, supply, installation, testing and commissioning of 230/132kV gas insulated substation at Shyampur and 132/33kV gas insulated substation at Dhamrai. Both... »

Gas Sector

Gazprom to Drill 5 Wells

Rashidpur+Field The government has cleared a proposal to sign a deal with Russia’s state-run Gazprom International to drill five wells in several gas fields in Bangladesh at an estimated cost of over $ 96.22 million. The Cabinet Committee on Government Purchase approved the proposal in a meeting chaired by Finance Minister... »

Petroleum

OPEC, Get Ready For The Second U.S. Oil Boom

oil.crude world rig_9 What OPEC countries fear most is a follow-up technological revolution that will lead to a second oil boom in the U.S., and that fear is now being realized. A technological revolution spurred the U.S. oil boom that resulted in the greatest increase in domestic oil production in a century, and... »

EB Reports

BD is now Lower-Middle Income country

bd+Village+Photo Bangladesh has become a lower-middle income country with the Gross National Income per capita (GNI), joining those with annual incomes of $1,046 to $4,125. The World Bank in a posting on its website says it revises the income classification of the world’s economies every year on July 1 through calculation... »

Green Pages

Rosatom Offers Cooperation in non-Nuclear Energy Development in Africa

rosatom Russian Atomic Energy Corporation Rosatom hosted a workshop on its thermal capabilities, ‘Modern Russian Technologies for Thermal Power Engineering in Africa’ during POWER-GEN Africa conference and exhibition held in Cape Town from July 15-17, 2015. The workshop discussed prospects of cooperation in the sphere of energy development in Africa, highlighting... »

Coal Sector

Underground Coal Gasification contamination

Queensland Government widens legal action against Linc Energy

power-companies-using-high-ash-coal-may-face-legal-action The Queensland Government has widened its legal action against resources company Linc Energy over the alleged contamination of the environment by its underground gas plant on the Darling Downs in the state’s south-east. The Government has today filed a fifth charge of wilfully and unlawfully causing serious environmental harm against... »

Something to Say

Don’t Panic, Nothing Has Really Changed In The Oil Markets

oil Monday’s 8% WTI crude decline is setting up a big opportunity for buyers. And there could be more to come. But this is driven by momentum, not by the fundamental conditions in the physical market. To the point: Demand is heading towards record levels both internationally and in the U.S.... »

Environment

UN climate talks stall despite G7 push on carbon

g7 Calls by the Group of Seven (G7) Monday to slash world carbon emissions did little to boost UN climate talks in Bonn, where frustration mounted over the snail-like progress. Groups of countries pleaded for greater efforts to streamline a draft text for a climate pact due to be adopted at... »