Energy Bangla

Energy electricity and environment news portal

Dhaka Sunday,  Apr 30, 2017

Gas Sector

PMO asks to assess the value of 3 gas fields

Govt To Acquire Chevron’s Assets In Bangladesh

chevron.bibiyana1 The Prime Minister’s Office (PMO) on Monday gave the go-ahead to a proposal for acquiring US oil giant Chevron’s assets in Bangladesh, worth an estimated $1.5 billion. Chevron operates three gas fields in the country — the Bibiyana, Jalalabad and Moulvibazar gas fields and sells its production to state-owned Petrobangla. The gas fields contribute around 58 percent of the country’s total gas production. To strike the best deal with Chevron,... »
cng-strike-off-307x205 CNG filling station owners decided not to go for the strike they threatened to enforce from Sunday. Bangladesh CNG Filling Station and Conversion Workshop Owners’ Association has called off their strike scheduled for Sunday following assurance from the authorities concerned that their demands will be met. The association’s general secretary Farhan Noor Bhuiyan said they decided to withdraw their scheduled strike after a fruitful meeting with the Bangladesh Road Transport... »
cng strike Owners of compressed natural gas (CNG) refuelling stations have threatened to enforce indefinite strike from October 30 if their demands including reduction of road rentals fees and scrapping government move to increase CNG price  are not met by this time. They came up with the announcement at a press conference at the Bangladesh CNG Filling Station and Conversion Workshop Owners Association office in Dhaka this evening. “All the CNG refilling... »
chevron-logo-337x205 Petrobangla has expressed its willingness to buy the assets of three gas fields operated by Chevron Corp. The State-owned company is now about to appoint an expert consultant to ease the complexity of the calculations regarding the buying decision. Chairman of the state-run Petrobangla, Ishtiaque Ahmed said to Energybangla that, final decisions will be taken based on assessment reports on feasibility and prospect of these three fields. Petrobangla will consider... »
chevron.bibiyana1 Chevron Bangladesh is about to leave Bangladesh. However, the company stated that they are in “commercial discussion” to sell their interest  in Bangladesh and will proceed if they get an attractive price for their assets. Chevron, the second-largest oil company in the United States and the world’s fourth-largest publicly traded oil company is also one of the largest foreign investor in Bangladesh’s energy sector. Communications Manager of Chevron Bangladesh, Shaikh... »
offshore Three international oil companies (IOC) have submitted their Expressions of Interests (EOI) to explore oil and gas resources in country’s deep sea blocks titled DS-10 and DS-11 and shallow sea block SS-10. Three IOCs namely Norway based Stateoil, South Korean Posco Daewoo International Corporation and Singapore-based Kris Energy, submitted their respective EOIs to Petrobangla on Wednesday. The IOCs showed up before Petrobangla holding their EOIs to explore and develop the... »
stove-gas Production at the garment backward-linkage industries has decreased by nearly 40 per cent due to an acute gas crisis, posing a threat to timely shipment of finished readymade garment products for export, apparel exporters said. According to the industry people, garment backward-linkage factories — knitting, washing and dyeing units — at Savar and Ashulia of Dhaka and Gazipur have been facing an acute gas crisis for last one and a... »
shahbajpur-gas-field-273x205 The workover on Shahbajpur gas field’s no. 4 well was completed and the production has resumed from that well. The state-owned Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) was successful to resume the trial production at 9 AM on Wednesday, said the BAPEX General Manager and Company secretary, Mohammad Ali. The well was initially drilled by the Russian Gazprom International at an approximate cost of BDT 185 crore. The... »
Gas_Crisis-01 Gas supply to private residence in four districts – Tangail, Sherpur, Jamalpur and Kishoreganj – will remain suspended until Wednesday due to repair work on a gas pipeline. Titas Gas Transmission and Distribution Company (public relations) Manager Mohammad Shahjahan told gas supply to these areas was stopped from 7am on Friday. The move follows repair work on a 125 km gas line stretching from Brahmanbarhia’s Ashuganj Upazila to Tangail’s... »
Hydrocarbon Potential of Offshore Myanmar U.S. oil and gas major Chevron Corp has put its Myanmar gas block stakes worth an estimated $1.3 billion up for sale, banking sources familiar with the matter said, in what would mark the biggest M&A transaction involving the country’s assets. The sale is part of Chevron’s efforts to preserve cash and retreat from non-core assets in the wake of sliding oil prices. It is also seen as setting the... »