Energy Bangla

State-run petroleum exploration and production company BAPEX wants allocation of 10 new onshore blocks leaving seven others open for international oil companies to explore oil and gas. With the proposed 10 hydrocarbon blocks, BAPEX, a subsidiary of Petrobangla, the Oil, Gas and Mineral Resources Corporation, would own a total of 12 hydrocarbon blocks for exploration and production of natural gas, officials said. The government has so far allocated only two... »

China CAMC Engineering Co Ltd has offered to set up terminals and the related facilities for handling imported liquefied natural gas on build, own and operate contracts. Officials said that on Tuesday they received  the offer from the Chinese state owned enterprise outside the  tender process. In a letter sent to the ministry of power, energy and ministry, the Chinese firm  offered government to government credit for   the project. It... »

Efficient usage and proper energy management can save natural gas up to 543mmcfd valuable everyday, which is 1.8 times of Bapex and Sylhet Gas Filed Limited (SGFL) production, he said. Petrobangla Director (PSC) M Quamruzzaman disclosed this while unveiling a survey report recently. A total of 664 boilers in different industries across the country use 350mmcfd of gas. But improvement of their capacity for efficient management would bring down the... »

The state-run petroleum exploration company BAPEX for the first time ever has participated in an international tender to drill two gas wells at Bangora field in block 9 in Comilla which is now operated by Singapore-based company KrisEnergy. krisEnergy is likely to award the tender to its preferred bidder out of four-five bidders by early September as it was planning to begin the drilling operation in October this year, officials... »

The TAPI Steering Committee has unanimously endorsed State Concern “Turkmengas” as the consortium leader of TAPI Pipeline Company Limited to spearhead efforts to build, finance, own and operate the planned 1,600 kilometer Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline. The endorsement was given during the the Steering Committee’s 22nd meeting attended by Petroleum Ministers of Turkmenistan, Afghanistan, Pakistan and India, and senior officials of  the Asian Development Bank (ADB), in Ashgabat, Turkmenistan... »

A high-powered team of Karnaphuli Fertilizer Company Limited (KAFCO) is negotiating with the government high-ups for extension of gas supply deal that has expired on Friday last. “We are negotiating with Kafco team to extend the deal…it might be required mid of this month to finilise it,” an official of Petrobangla told on Saturday. He said the Karnaphuli Gas Distribution Company Limited (KGDCL) is trying to sign the extension deal... »

Consumers will have to count enhanced price for gas next September. “We’ve discussed about the hike in gas prices with the government. Increased price will be adjusted from September,” said an official at Bangladesh Energy Regulatory Commission (BERC). On a query, BERC member pointed out that the discussion was obligatory as the government subsidises  gas and power, although the commission is an autonomous body. “Subsidy is directly connected with the... »

India is set to push for the proposed $7-billion gas pipeline from Iran via Pakistan, seeking to grab the opportunity presented by the nuclear deal between the gulf country and major powers of the world this month that has lifted the fog of restrictions.A senior oil ministry official will lead a delegation of oil industry executives shortly to Iran to press for India’s interest in revival of the pipeline project... »

The government is planning to subsidise the use of LPG for cooking by accumulating money through a hike in gas prices for household users. The energy division would soon send a proposal to the Prime Minister’s Office for approval of prime minister Sheikh Hasina, who also holds the portfolio of power, energy and mineral resources, state minister Nasrul Hamid told New Age on Thursday. The energy division, if the prime... »

The government has cleared a proposal to sign a deal with Russia’s state-run Gazprom International to drill five wells in several gas fields in Bangladesh at an estimated cost of over $ 96.22 million. The Cabinet Committee on Government Purchase approved the proposal in a meeting chaired by Finance Minister AMA Muhith on Wednesday. The wells will be dug at Bakhrabad-10, Rashidpur-9, 10, and 12 in Sunamganj, and Srikail-4 in... »