Cairn starts well intervention program

Cairn starts well intervention program

 

R Akter
Cairn and its joint venture (JV) partners have commenced a well intervention programme to help extend gas production from the Sangu field in the Bay of Bengal which has now been operating for more than a decade.
As part of an integrated review of the field’s production capability, this further [...]

Re-tender for two proposed power plants

 

ET Report
The Power Division Secretary M Fouzul Kabir Khan told that the government had instructed the department concerned to serve re-tenders for two proposed 450 MW power plants at Bibiana and Sirajganj notice for the two power plants.
He also said orders had been given to accelerate the implementation of the 150 megawatt power plant in [...]

Oil prices collapse as commodities reel

 

ET Report
Oil prices fell last week to their lowest levels since 2004, despite a record OPEC output cut, while many commodities were dragged lower on fears of a looming global recession and weak demand.
‘Commodity markets have fallen back sharply under the weight of a rapidly deteriorating outlook for global growth,’ said Barclays Capital analysts in [...]

Fund constraint makes Begumganj gas field dev uncertain

Fund constraint makes Begumganj gas field dev uncertain

 

ET Report
The implementation of Begumganj gas field development programme has become uncertain as one of the participants in the project expressed its inability to mobilize fund. The project is a joint venture of three state-run companies.
Sources said the development of the gas field would also not be [...]

BPC lobbying IDB to get $1.5b loan

BPC lobbying IDB to get $1.5b loan

 

ET Report
Bangladesh Petroleum Corporation (BPC) is negotiating with Islamic Development Bank to get a $1.5 billion loan under an umbrella agreement to meet import costs of fuel during the next year, sources said.
A three-member delegation, headed by energy secretary Mohammad Mohsin, is expected to visit the head office [...]

BERC rejects gas price hike this fiscal

 

R Akter
Bangladesh energy regulatory commission (BERC) has rejected Petrobangla proposal to raise gas price for what Petrobangla claims is required to offset losses. BERC Chairman Mr Ghulam Rahman termed the Petrobangla proposal for raising gas price ‘unjust and unreasonable’ and said that the commission is not permitting the gas price hike this fiscal.
The apex body [...]

Govt searches unconventional energy source

 

Abir Mahmood
The government is set to adopt the country’s first renewable energy policy wooing private sector investments and tapping the country’s huge potentials of electricity generation from unconventional sources of energy.
Entrepreneurs of the renewable energy projects will be exempted from corporate income tax for a period of 15 years and be allowed to get the [...]

Oil prices drop to $46: Lowest in 4 years

ET Report
Oil prices slumped to just above 46 dollars here on Tuesday, reaching the lowest point in almost four years, as global energy demand weakened amid a widespread economic slowdown. On London’s InterContinental Exchange (ICE), Brent North Sea crude for delivery in January hit 46.02 dollars, the lowest point since February 18, 2005. The contract [...]

Sirajganj 4th IPP tender scrapped

ET Report
The government last week cancelled the fourth tender procedure for the installation of the 450MW Sirajganj independent power plant for poor participation of bidders and asked the Power Cell to put the job out to tender again.
The power division cancelled the latest bidding process for the Sirajganj IPP as only one, out of three [...]

Govt bid to cut in fuel prices

ET Report
The government will further reduce the petroleum prices if downturn in prices continues on the international market.
Chief Adviser’s Special Assistant for power and energy ministry M Tamim said this after inauguration of country’s first international exhibition of CNG filling equipment at Bangladesh-China Friendship Conference Centre in the city. He said the government is considering [...]