Energy Bangla

Energy electricity and environment news portal

Dhaka Sunday,  Feb 17, 2019

Gas Sector

ONGC Videsh Ltd and Petrobangla signed two Production Sharing Contracts for exploration and production of oil and gas in two shallow water blocks SS-04 and SS-09 on 17th February 2014 at a ceremony held at Petrobangla.This was following the offshore bidding round-2012 announced by the Government of Bangladesh in 2012 in which OVL won the contracts for the two blocks. OVL is a subsidiary of ONGC ltd, the largest state... »
Petrobangla would going to sign a contract on 17th February with Indian state-run Oil and Natural Gas Corporation (ONGC) for oil and gas exploration in two shallow sea blocks, the officials said. The government is scheduled for Monday to sign contracts with the Indian state-run company for oil and gas exploration in shallow sea blocks 4 and 9 under the Model Production Sharing Contract 2012. In late November 2013, the... »
Tullow Chief Executive, Aidan Heavey, said: “Tullow performed well in 2013. The business generated almost $2 billion of operating cash flow and has established a flexible and strong balance sheet. The Group delivered another year of exploration and appraisal success and production growth and made significant progress with its key developments in Ghana, Kenya and Uganda which will deliver major increases in cash flow over the next 3-5 years. An... »
Interview by James Stafford: The potential for a golden age of gas comes along with a big “if” regarding environmental and social impact. The International Energy Agency (IEA)—the “global energy authority”–believes that this age of gas can be golden, and that unconventional gas can be produced in an environmentally acceptable way. In an exclusive interview with, IEA Executive Director Maria van der Hoeven, discusses: The potential for a golden... »
The government is going to complete the process of awarding the LNG terminal, by June next at Moheshkhali Island in Cox’s Bazar to overcome acute gas shortage from next year. Petrobangla Chairman Hossain Monsur said, We have targeted to award the terminal by June this year and hopeful of setting up the terminal within 18 months after award. He said, the prime minster ordered me to complete the project immediately.... »
Petrobangla will sign deal with two international oil companies (IOCs) next month to explore three shallow sea blocks in the Bay of Bengal. Of the companies, US-based ConocoPhillips had already got two blocks in 2011 while India`s state-owned ONGC Videsh Ltd is going to operate in Bangladesh for the first time. Petrobangla Chairman Hossain Monsur told, We have completed all preparations to sign deal with ConocoPhillips and ONGC for this... »
Petrobangla received a single joint-venture between US company ConocoPhillips and Norwegian company Statoil for oil and gas exploration in deep sea, block DS-12, DS-16 and DS-21 in the Bay of Bengal. The single response came following an international tender floated by Petrobangla on October 26, 2013 after the government amended the model Production Sharing Contract 2012 offering international oil companies more commercial benefits and stake in the produces. Petrobangla opened... »
Singapore-bases oil company Krisenergy is likely to take office in Dhaka. KrisEnergy will be able to start Bangladesh operations with its proposed new name `KrisEnergy Bangladesh Ltd’. Petrobangla officials said, ` We gave the nod of stake transactions after checking the documents of stake sales as those seemed acceptable,” He said, KrisEnergy Bangladesh Ltd’ on completion of some formalities including paying of necessary taxes in Bangladesh, as operator and 30... »
24 December 2013 – Tullow Oil plc (Tullow) announces that the 31/3-4 exploration well on the Mantra prospect offshore Norway has encountered reservoir quality sands but all intervals are water wet. The 31/3-4 wildcat was the first exploration well in the Tullow operated 551 production licence and was targeting the Upper Jurassic Sognefjord Formation reservoir as the main target, with additional prospectivity in Paleocene Lista sands and Middle Jurassic Brent... »
With insufficient supply against huge demands, a severe gas crisis has set in at many parts of Dhaka City, over the last few days, severely disrupting house hold works as well as the local CNG filling stations. The gas crisis in the capital and surrounding areas has begun to escalate with gas pressure in the pipeline now too low to cook in many areas during the peak hours in the... »