Dhaka Sunday, Apr 28, 2024
Gas Sector
Prime Minister Sheikh Hasina has firmly stated that no company will get more than one block in the Bay of Bengal to explore oil and gas. During Wednesday’s meeting at her office, Hasina also directed the floating of fresh tenders for this. The ministers of finance, shipping, industries, water resources, environment, land, planning, civil aviation, and foreign affairs, and the navy chief, among others, were present at the meeting. “The... »
Petrobangla Chairman Dr Hossain Mansur categorically said the illegal gas connections would not be legalized if there have pressure to do that. He made the declaration while addressing a training workshop titled “Fire Extinguish and First Aid” organized by GTDCL and Fire Service and Civil Defense in city’s Titas Gas building on Monday. Dr Mansur said through mismanagement, the low-standard pipes have been installed in gas supply line around the... »
Prof. Dr. Md. Hussain Monsur: Bangladesh territory, being one of the largest deltas of the world, kicked off its indigenous oil and gas exploration efforts a century years back to cover its onshore and offshore areas. In 1908, the Indian Petroleum Prospecting Company first attempted exploration activities in Sitakund and conducted first exploration drilling there in 1910 with no commercial gas/oil discovery. During 1923-31, Burmah Oil Company (BOC) drilled two... »
The National Energy Security Day-2014 is being observed Saturday commemorating the historic decision taken by Father of the Nation Bangabandhu Sheikh Mujibur Rahman on this day in 1975. President M Abdul Hamid and Prime Minister Sheikh Hasina gave separate messages on the eve of the day. In his message, President Abdul Hamid said: “Following the footprint of Bangabandhu, Awami League government always gives priority to energy security of the country.... »
DHAKA, July 10, 2014: Prime Minister Sheikh Hasina today urged the Russian state-run oil and gas exploration company Gazprom to conduct more seismic surveys in Bangladesh for exploration of more gas. The Prime Minister made the request when a delegation of Gazprom International, led by its CEO Valeriy Gulev, called on the PM at her official Ganobhaban residence here this morning. Briefing reporters after the meeting, PM’s Press Secretary AKM... »
The International Centre for Settlement of Investment Disputes on Sunday barred Niko Resources, a Canadian oil company, to selling its assets in Bangladesh until the disputes with ICSID is settled, officials said. The international arbitration court asked Niko to give undertakings that the company would not sell its assets in Bangladesh, Petrobangla secretary Imam Hossain told. He said that the ICSID also deferred its ruling over the dispute about Niko’s... »
Fourteen people were killed and 20 injured on Friday in a blast and fire at a gas pipeline in the southern Indian state of Andhra Pradesh, again raising safety concerns over the country’s energy projects. The fire broke out on a stretch of pipeline running through the village of Nagaram, engulfing buildings and burning victims to death, according to TV news footage and eyewitness accounts. Many such projects are opposed... »
Singapore-based Astra Oil and Excelerate Energy Consortium will realise about three time than its investment as the government would pay it $1,352.4 million in 15 years against its investment of about $500 million for processing imported LNG into natural gas. The data was revealed on Thursday evening when Petrobangla, the state-run Oil, Gas and Mineral Resources Corporation, and the Astra-Excelerate consortium endorsed the Term Sheet of a contract to set... »
By James Stafford: Liquefied natural gas (LNG) to Europe isn’t a get-rich-quick scenario for the impatient investor: It’s a long, strategic play for the sophisticated investor who can handle no small amount of politics and geopolitics along the way. When it comes to Europe, Russia’s strategy to divide and conquer has worked so far, but Gazprom is a fragile giant that will eventually feel the pressure of LNG. Robert Bensh... »
Bangladesh Petroleum Exploration Company (BAPEX) has discovered a new gas field at Purbachal in Narayanganj. Petrobangla’s Chairman Prof Dr M Hossain Monsur told the reporter. He said, the 26th gas reservoir of the country has been found at sector-20 of Rajdhani Unnayan Kartripakkha’s Purbachal plot. Bapex started drilling in Rupganj from March under a Tk 65 crore programme.The total volume of gas in the reservoir will be 50 crore cubic... »