Energy Bangla

Energy electricity and environment news portal

Dhaka Saturday,  Nov 17, 2018

Petroleum

India hopes to secure a waiver from U.S. sanctions on Iran before they take effect on Nov. 4, as it had significantly cut Iranian oil imports before the deadline, officials said on Monday. The United States is imposing new sanctions on Iran’s oil industry after Washington withdrew from a nuclear deal between Tehran and other global powers. Washington said on Friday it was considering waivers for nations that were reducing... »
Lub-rref (Bangladesh) Ltd have recently received its renewed Accreditation Certificate from Bangladesh Accreditation Board (BAB). Through this achievement, Lub-rref (Bangladesh) Ltd can perform test of all type of Petroleum Products in its laboratory situated in Chattagram and issue test report that will have global acceptance. It is to mention that, Lub-rref (Bangladesh) Ltd was awarded the certificate in 2013.
Although only 20 percent work on the Single Point Mooring (SPM) project taken to transport imported raw petroleum to the state-owned refinery in Chattogram has completed in 21 months, Bangladesh Petroleum Corporation (BPC) still hopes the project work will end timely by December 2019. The BPC signed a contract with Chinese firm China Petroleum Pipeline Bureau (CPP) on December 7, 2016 last to implement the ‘SPM with Double Pipeline’ project... »
State-run Bangladesh Petroleum Corporation (BPC) has floated a tender to appoint a consultant for carrying out land acquisition and requisition related activities for the India-Bangladesh Friendship Pipeline (IBFPL) route across Panchagarh, Nilphamari and Dinajpur districts. The corporation has decided to engage a third party to ease complexities and complete land acquisition process, for laying the first inter-country oil pipeline between the two neighbouring countries, a senior BPC official said. Interested... »
Prime Minister Sheikh Hasina and her Indian counterpart Narendra Modi yesterday jointly inaugurate through videoconferencing the construction of 130-km Bangladesh-India Friendship Pipeline between Siliguri in West Bengal and Parbatipur in Dinajpur and the third and fourth dual gauge rail lines of Dhaka-Tongi and Tongi-Joydevpur sections of Bangladesh Railway. Focus Bangla Photo Prime Minister Sheikh Hasina yesterday said she looks forward to continued support from India for the development of Bangladesh,... »
At least two persons were burnt to death and nine others suffered burn injuries as a fire broke out at Meghna Oil Depot in city’s Khalishpur area on Monday (August 20). The fire broke out around 10:45 am. Five units of Fire Service, after 1 hour of frantic effort, were able extinguish the fire around 11:30 am. Out of 2 deceased, bodies of Raju, and Kamal are kept in Khulna... »
The ongoing speculation online about the future of cooperation between Russia and OPEC seems to be a little one-sided. The main point of discussion up until now has been the fact that, due to international pressure (such as Trump’s Twitter diplomacy, perceived Russian willingness to open up the taps and pressure from Asian consumers) Saudi Arabia will be willing to revoke its current production cut stance. Current volatility in the... »
Canada’s oil industry faces “significant challenges” in reducing greenhouse gas emissions, which account for 26 percent of local emissions, but cuts are “essential” for meeting climate agreement targets, the Senate said late Friday. The conclusion of the Senate report echoed others published by it and the auditor general, which have been critical of Canada’s efforts to meet its Paris climate agreement target of slashing carbon dioxide emissions by 30 percent... »
Oil prices slid on Monday amid relief that US-led strikes on Syria did not provoke an escalation in the conflict, easing investor fears about the security of crude oil supply. Russia holding back on any military riposte helped lift Wall Street, as did strong retail sales and optimism over earnings, but European equities were under pressure as the region’s key currencies strengthened against the dollar, AFP reports. “The limited and... »
China launched yuan-denominated oil futures contracts on Monday, marking the first time foreign investors will have access to Chinese commodity futures as the world’s top crude importer seeks greater influence over global prices. But analysts said the long-delayed Shanghai-traded futures are unlikely to challenge the primacy of New York and London-based futures any time soon due to Chinese capital controls and the entrenched position of the dollar- denominated contracts. Futures... »