Energy Bangla

Tullow Chief Executive, Aidan Heavey, said: “Tullow performed well in 2013. The business generated almost $2 billion of operating cash flow and has established a flexible and strong balance sheet. The Group delivered another year of exploration and appraisal success and production growth and made significant progress with its key developments in Ghana, Kenya and Uganda which will deliver major increases in cash flow over the next 3-5 years. An... »

Interview by James Stafford: The potential for a golden age of gas comes along with a big “if” regarding environmental and social impact. The International Energy Agency (IEA)—the “global energy authority”–believes that this age of gas can be golden, and that unconventional gas can be produced in an environmentally acceptable way. In an exclusive interview with energybangla.com, IEA Executive Director Maria van der Hoeven, discusses: The potential for a golden... »

The government is going to complete the process of awarding the LNG terminal, by June next at Moheshkhali Island in Cox’s Bazar to overcome acute gas shortage from next year. Petrobangla Chairman Hossain Monsur said, We have targeted to award the terminal by June this year and hopeful of setting up the terminal within 18 months after award. He said, the prime minster ordered me to complete the project immediately.... »

Petrobangla will sign deal with two international oil companies (IOCs) next month to explore three shallow sea blocks in the Bay of Bengal. Of the companies, US-based ConocoPhillips had already got two blocks in 2011 while India`s state-owned ONGC Videsh Ltd is going to operate in Bangladesh for the first time. Petrobangla Chairman Hossain Monsur told, We have completed all preparations to sign deal with ConocoPhillips and ONGC for this... »

Petrobangla received a single joint-venture between US company ConocoPhillips and Norwegian company Statoil for oil and gas exploration in deep sea, block DS-12, DS-16 and DS-21 in the Bay of Bengal. The single response came following an international tender floated by Petrobangla on October 26, 2013 after the government amended the model Production Sharing Contract 2012 offering international oil companies more commercial benefits and stake in the produces. Petrobangla opened... »

Singapore-bases oil company Krisenergy is likely to take office in Dhaka. KrisEnergy will be able to start Bangladesh operations with its proposed new name `KrisEnergy Bangladesh Ltd’. Petrobangla officials said, ` We gave the nod of stake transactions after checking the documents of stake sales as those seemed acceptable,” He said, KrisEnergy Bangladesh Ltd’ on completion of some formalities including paying of necessary taxes in Bangladesh, as operator and 30... »

24 December 2013 – Tullow Oil plc (Tullow) announces that the 31/3-4 exploration well on the Mantra prospect offshore Norway has encountered reservoir quality sands but all intervals are water wet. The 31/3-4 wildcat was the first exploration well in the Tullow operated 551 production licence and was targeting the Upper Jurassic Sognefjord Formation reservoir as the main target, with additional prospectivity in Paleocene Lista sands and Middle Jurassic Brent... »

With insufficient supply against huge demands, a severe gas crisis has set in at many parts of Dhaka City, over the last few days, severely disrupting house hold works as well as the local CNG filling stations. The gas crisis in the capital and surrounding areas has begun to escalate with gas pressure in the pipeline now too low to cook in many areas during the peak hours in the... »

18 December 2013 – Tullow Oil plc (Tullow) announces that the Paon-2A appraisal well in the CI-103 licence offshore Côte d’Ivoire has determined the down-dip extent of the Paon oil accumulation. The well encountered the water below the oil accumulation discovered at the Paon-1X well and pressure logging has located the likely oil water contact. To minimise the number of appraisal wells, Paon-2A was located 15km south west and approximately... »

Another drilling rig will be added to the fleet of the Bangladesh Petroleum Exploration and Production Company (Bapex) in February, 2014. To gear up the activities of drilling oil and gas, Awami League government has so far purchased three drilling and work-over rigs.This would be the sixth rig for the Bapex. In August, 2012, the Bapex signed a deal with Chinese Honghua Petroleum Equipment Company Ltd for procurement of the... »