By. James Burgess:
The future of oil exploration lies in new technology - from massive data-processing supercomputers to 4D seismic to early-phase airborne spy technology that can pinpoint prospective reservoirs.
Oil and gas is getting bigger, deeper, faster and more efficient, with new technology chipping away at “peak oil” concerns. Hydraulic fracturing has caught mainstream attention, other high-tech developments in exploration and discovery have kept this ball rolling.
Oil majors are second only to the US Defense Department [ ... ]
$600mn WB funds for rural power
The World Bank Board has approved $ 600 million for Bangladesh to improve the country\'s “quality” of power supply in rural areas.
The funds would be used in the Rural Electricity Transmission and Distribution Project “to reduce system losses and enhance capacity” in the electricity network, the global lender said in a media release on Friday.
By. James Stafford:
The Energy Information Agency (EIA) has predicted that natural gas production in the US will continue to grow at an impressive pace. Right now output is close to 70 billion cubic feet a day and is expected to reach over 100 billion cubic feet per day by 2040. The trend is likely to continue without hitting a geologic “peak”, and along with this [...]
Bangladesh Petroleum Corporation (BPC) has sought tax and VAT waiver for importing high-speed furnace oil for feeding power plants, aiming to make the corporation profitable.
The request was made at an inter-ministerial meeting held at the Energy and Mineral Resources Division (EMRD) on 19th February with secretary Md Mozammel Huque Khan in the chair. As per the advise of the [...]
Subdued external and domestic demand will slow industry sector growth in FY2014. The performance of export and domestic market-oriented industries was affected by demand and supply disruptions in the lead up to the national election.
The Quarterly Economic Update (QEU) is prepared by the Economics Unit of the Bangladesh Resident Mission, Asian Development Bank (ADB). The QEU i [...]
ADB Headquarters meeting all energy needs from renewable
The Asian Development Bank’s (ADB) headquarters in Manila is now meeting all of its energy needs from renewable sources, following a geothermal power supply agreement with AdventEnergy Inc., a licensed retail electricity supplier of Aboitiz Power.
The headquarters is now powered by 100% renewable energy generated by geothermal plants in Tiwi in Albay province and Makilin [...]
Engr. Khondkar Abdus Saleque:
Primary fuel constrained Bangladesh Energy sector appears to be in a dilemma to choose between own coal and imported coal for its medium term energy security. The country has five discovered coal mines in the greater Dinajpoor and Rangpoor Region. The coal reserve is of superior quality – low sulfur, low ash and higher heating value bi [...]
How Junior Companies Survive in the Exploration Wild: Blackbird
By. James Stafford:
Only the fittest can survive in today\'s market for junior oil and gas companies, which must demonstrate a great deal of ingenuity in the balancing of risk and reward. Nothing but the most exceptional oil and gas projects will win capital, and, in the words of one junior, this means “finding plays before they are exciting.” Being a junior in t [...]
Farid Hasan Ahmed:
Haor areas of the north-eastern part of Bangladesh face flash floods caused by sudden and early downstream water of the surrounding up streams during the period late March to May. Haor is a very low lying river basin area is covered by water for almost a half of the year starting from the monsoon season. It is a variety of wetland habitats, including rivers, [...]