Energy Bangla

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 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... »

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... »

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... »

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 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 bdnews24.com 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... »

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... »

Country’s Gas production has increased but the relative income has reduced on the contrary. In fact, the Gas production of the International Oil Companies (IOC) has increased mostly. The price of IOC gas is relatively higher than that of the domestic plants causing higher purchase and less income. This information was revealed through assessing some recent government records on gas-production, purchase, sell, distribution, income, expenditure. According to the records, the... »

The gas supply may be interrupted in Dhaka city areas and also in the vicinities including Narayanganj, Siddhirganj, Fatulla, Muktarpur and Jinjira. The interruption may last from 25th August to 1st September, due to a schedule cleaning-pigging in the gas transmission lines in those areas. Sources from Titas Gas Transmission and Distribution Company Ltd. has confirmed about the scheduled ‘on stream cleaning-pigging’ of the gas transmission lines in those areas.... »

It is also important to educate the public, particularly housewives, about the safety precautions in handling the LPG cylinders It is worrying to note that 24 gas cylinder blasts occurred in the Barisal region in the past one year, a report carried in this newspaper recently revealed this. In the absence of effective monitoring, LPG traders are conducting business with utter disregard to safety norms resulting in accidents every now... »