Energy Bangla

Energy electricity and environment news portal

Dhaka Monday,  Dec 11, 2017

Something to Say

oilfield Underground disposal of waste water produced from oil and natural gas wells has been blamed for triggering thousands of small earthquakes in Oklahoma and a number of other U.S. states since 2009. Heightened seismic activity corresponds closely with the timeframe and location of increased drilling and hydraulic fracturing across the southwest United States, according to the U.S. Geological Survey (“Incorporating induced seismicity in the 2014 United States national seismic hazard... »
shitu 3 Primary Energy Crude oil imports declined by 1.92% in November’14 compared to the previous year. However, it rose by 5.9% in December’14 and by 416% in January’15 compared to the previous year. Imports of petroleum products increased in November’14, followed by decline in December’14 and January’15. Gas production has been showing an increasing trend from November’14 to January’15. Chevron accounted for about 49 percent of gas production in Bangladesh in... »
oil11 Last night the EIA once again capitulated on the myth that rig counts don’t matter and the productivity of wells would largely offset, leaving the industry on a continuous path to higher output. The current consensus of 500,000 B/D additional growth in 2015 US production now appears very much at risk. Look how far we have come, folks, from all that media hysteria this past year. Yesterday, Reuters even wrote... »
gdp-growth It looks like a quiz contest of multiple choices. What is the rate of growth Bangladesh will attain at the end of the current fiscal year? (A) 7.3 percent as targeted, (B) 5.6 percent as the World Bank has projected, (C) 6.5 percent as the planning minister has forecast; or (D) close to 7 percent as the finance minister has expressed his hope? The answers could also be multiple, interestingly,... »
oil.crude world rig_9 The upstream oil and gas industry is not a black hole. There’s no mystery wrapped in an enigma here. There are a lot of meetings with engineers, chemists and geologists. There’s a constantly evolving learning curve. And then there’s all the regulations and compliance. But all-in-all it’s pretty straight forward, that is, until the media gets a hold of it. That’s when it becomes complicated. It’s as though we are... »
driverless cars The newest Mercedes autonomous car looks like a car on the outside but like a lounge on the inside, with four swivel seats facing each other in a multimedia bubble of padded leather and walnut veneer. The F 015 ‘Luxury in Motion’ concept car unveiled at the Consumer Electronics Show in Las Vegas earlier this year is completely self-driving but still has a steering wheel and brake if you want... »
oilprice Lest we be too quick to forget whence we came, America is now 9-months into lower gasoline prices, which started their swoon the week of June 30, 2015 from a lofty national average just under $3.70, tumbling almost every subsequent week before bottoming and bouncing from $2.02 the end of January, according to gasbuddy.com. It is estimated that for every penny gas goes down, consumers collectively save $1 billion. Therefore,... »
1c Proper price and market structure is the key for ensuring the uninterrupted quality supply of any product. If an appropriate commercial framework of business is not in place, market distortion, price fluctuations and supply disruptions are bound to happen. The energy market in Bangladesh is no exception. International Gas Union (IGU) in its survey of wholesale gas price found that 43 percent of the total 3480 bcm gas consumed in... »
Vidyut_Bhaban To enhance competition and accountability in the energy sector, state power utilities and regulators should be ‘freed’ from political interference, according to a study report by the World Bank. It also points out that the state governments in India need to give greater operational autonomy to their power utilities and regulators while holding them accountable for performance if the sector is to move to a higher level of service delivery.... »
BHP Global mining giant BHP Billiton today said its first-half net profit almost halved to US$4.26 billion on the back of collapsing commodity prices as it reiterated a plan to spin off non-core assets. The 47.4 percent slump in the six months to December 31 compared to US$8.1 billion in the previous corresponding period, with revenues dropping 11.9 percent to US$29.9 billion. Underlying earnings-which exclude one-off writedowns-were down 31 percent to... »