Dhaka Tuesday, Jul 14, 2026
- Government Begins Talks with IMF for a New Loan Program
- Power Division Opens Control Room to Address Flood Situation
- It Will Take Time to Break Free from the Cycle of Corruption in the Power Sector: Information Minister
- Electricity Prices Increased for All Consumers
- Approval Given to Purchase Three LNG Cargoes
- Diesel, Kerosene Prices Cut By 50p For November
- AI Boom To Fuel Natural Gas Demand In Coming Years, Report Says
- Bangladesh signs €477m deals with EU and EIB for renewable energy and more
- The Current Oil Price Rally Is Reaching Its Limits
Petroleum
Bangladesh Petroleum Corporation (BPC) has sought Tk 600 crore from its enterprises — Padma, Meghna and Jamuna — for importing petroleum fuel to avoid huge bank loan interests. “We have already sought Tk 200 crore each from Padma, Meghna and Jamuna oil companies to meet the immediate fund crisis,” BPC Chairman Eunusur Rahman has said. He said the BPC has sought Tk 4,721.73 crore from the Finance Division. Of the... »
The government does not plan to raise prices of fuel oil anytime soon, Finance Minister AMA Muhith has said He said the Cabinet Committee on Government Purchase did not discuss fuel price in its Thursday’s meeting. “It really depends on the international market,” Muhith said. He said the committee would not take any steps to raise or decrease fuel oil prices unless the energy ministry sent a proposal. “We will... »
NEW YORK, Aug 23, 2014 (BSS/AFP) – Oil prices retreated yesterday as investors focused on the prospect of having too much oil supply amid weakening demand in the global market. US benchmark West Texas Intermediate for October delivery finished trade at $93.65 a barrel, down 31 cents from Thursday’s close. Brent North Sea crude for October, Europe’s main futures contract, dropped 34 cents to settle at $102.29 a barrel in... »
US oil and player Apache has made what is being feted by some as potentially Australia’s largest oil discovery in the last 30 years, fuelling hopes of a new oil province located off the north-west coast. The field found by the Phoenix South-1 well, which was targeting gas rather than oil, could have potentially up to 300 million barrels of oil in place, according to Apache. Only a portion of... »
While we fixate on sexy headlines about Chinese military threats in the South China Sea, for instance, or Washington ‘lifting the ban’ on crude oil exports, we miss the bigger stories—and we miss the reality. China’s relentless resource quest has the greatest impact on trading prices, which may not make for headline news, but is a very important reality, while the stories about the US lifting the crude oil ban... »
By Chris Dalby: The debate over the impact of peak oil has been raging for decades. Although few deny that the end of mass oil consumption is drawing nearer, educated estimates now range between 2020 and 2030. But more important than the timeframe of peak oil are its consequences. Some seek to spell the end of life as we know it, so reliant is the world upon black gold. Others,... »
By Nicholas Cunningham: The confrontation between Russia and the West took a turn for the worse with the downing of a Malaysian airliner on July 17, and that could spell trouble for several major oil companies operating in Russia. Just one day earlier, U.S. President Barack Obama slapped sanctions on Russia over its ongoing role in the destabilization of Ukraine. The sanctions prohibited American banks from issuing loans with a... »
ondon based energy company Tullow Oil said Wednesday it received a favorable ruling from a London court of appeals in a simmering dispute over Ugandan assets. “Tullow Oil plc is pleased to announce that Tullow Uganda Ltd., its Ugandan subsidiary, has received judgment in its favor in the proceedings against Heritage Oil and Gas Ltd and Heritage Oil Plc in the Court of Appeal in London,” Tullow said in a... »
Tullow Oil plc announce that its subsidiaries operating in Uganda have received a ruling from the Tax Appeals Tribunal (TAT) in Uganda relating to Capital Gains Tax (CGT). Following the completion of the farm-down of 66% of its assets in Uganda to CNOOC and Total in 2012, Tullow was issued with a CGT assessment by the Uganda Revenue Authority (URA) of approximately $472m. Tullow paid 30% of the assessment (approximately... »
By James Stafford: Much larger than Eagle Ford and once thought to have reached peak production, new technology has brought us full circle back to the Permian Basin in Texas and New Mexico, where the recent shift to horizontal well drilling has rendered this play the unconventional ground zero. Determining where the next real oil boom will be depends largely on following the technology, and while the Permian Basin has... »