Energy Bangla

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Dhaka Thursday,  Dec 18, 2014
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The growth outlook for developing Asia remains steady, even though momentum slowed in the second half of 2014, but the declining oil prices represent a golden opportunity for many beneficial reforms, the Asian Development Bank (ADB) says in a new report. In a supplement to its Asian Development Outlook 2014 Update, ADB forecasts gross domestic product (GDP) growth for the region of 6.1% in 2014, down from 6.2% expected in... »

Power Sector

‘Electricity week’ launched

president President Abdul Hamid yesterday urged the people to stop misuses of electricity so that others would be able to get electricity when needed. “Don’t think I could use electricity as per wish, yes you may able to pay for it but don’t forget you have a responsibility for your society... »

Gas Sector

Bibiyana Gas field shutdown, start again

The country has been facing a severe gas crisis since the last 48 hours as production at Bibiyana Gas Field, the second largest gas field of Bangladesh, has been disrupted from Thursday afternoon. Although Chevron, operator of the Bibiyana Gas Field, claimed that the gas field was closed for only... »

Petroleum

Norway’s Oil Decline Accelerating

fuel-2-337x205 New oil projects are being scrapped in Norway amid falling production and low oil prices. Long held up as the model for managing oil abundance, Norway has painstakingly sought to prevent the problems that occur with other natural resource-based economies, such as corruption, slow economic growth, currency appreciation, and subsequently,... »

EB Reports

Victory Day today

victory day Today is Victory Day. The country is observing the day with due solemnity and remember those who laid down their lives to liberate the country. President Md Abdul Hamid, Prime Minister Sheikh Hasina and Leader of the Opposition Begum Rowshan Ershad in separate messages congratulated the nation on the occasion.... »

Green Pages

New Service Aims to Speed Flow of Low-Carbon Technology

111m-adb-loan-for-bangladesh A new service set up by the Asian Development Bank (ADB) aims to match buyers and sellers of low-carbon technologies to speed technology transfer to developing Asia. “Asia is the tip of the spear as far as climate change impacts are concerned. We need to ensure a swifter flow of... »

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

India on alert after Sunderbans oil spill

shela Environmental authorities in India are on alert after thousands of litres of oil spilled into a nature reserve in neighbouring Bangladesh. Conservation chief Pradeep Vyas said “precautions” were being taken in West Bengal’s coastal region. Oil leaked into waterways in the Sundarbans area after a collision involving a tanker three... »