Shell suffers $2.8b loss on tumbling oil prices

ET Report
The Royal Dutch Shell made a net loss of $2.81billion (€ 2.15b) in the final quarter of 2008 as plunging oil prices slashed the value of inventories.
Shell’s earnings were battered badly in the three months, with oil prices slumping to near five-year lows below 33 dollars a barrel as the global economic slowdown curbed [...]

Special cell formed for power, energy

 

ET Report
A special cell has been formed to monitor power, energy and mineral resources, says the prime minister who herself has charge of the ministry. Prime minister’s adviser HT Imam heads the monitoring cell.
“Everybody working here must be accountable and their activities, transparent and driven by expedited decisions,” said Sheikh Hasina in a brief statement [...]

Inter-ministerial meet on Feb 2

 

ET Report
An inter-ministerial meeting convened by energy ministry will be held on February 2 to create a ‘gas development fund’. The fund will be used for gas exploration and production.
The fund formation has been set as a condition by the Bangladesh Energy Regulatory Commission for allowing the state-owned oil and gas corporation to increase its [...]

Reevaluation of Bibiyana gas field begins

R Akter

 
 

The move for reevaluation of Bibiyana gas field came amid a debate over the level of gas extraction from the country’s second largest gas field, where reserve was initially estimated at about 2.4 trillion cubic feet (TCF) after the discovery of the field in 2000.Chevron will conduct a reevaluation of the Bibiyana gas field [...]

Energy adviser stresses coal-based power production

By R Akter

 
 

Energy adviser Tawfiq-e-Elahi Chowdhury said, the government has given its top priority to coal-based power generation to ensure energy security in the country. He said, “We are working to resolve the Phulbari coalmine issue and finalise the draft coal policy, taking the help of the experts.
He stressed the need for enhancing resources and [...]

Coal and gas exploration a must for sustainable energy security

Coal and Gas exploration a must for 
sustainable energy security
Says Prof M Tamim
By The Daily Star Report  
 
Bangladesh should immediately go for exploring and using gas and coal resources to ensure long-term as well as sustainable energy security of the country, said Prof M Tamim at a programme in the city yesterday.
The former special assistant for [...]

Govt lifts duty on solar energy tools

Sharier Khan, The Daily Star
The government has decided to withdraw all duties from solar energy equipment to encourage use of solar energy, especially in the remote and economically backward locations.
With over three lakh households already using solar energy equivalent to 15 megawatt, mainly in the coastal southwestern region, this withdrawal would reduce around Tk 1,500 [...]

Bangladesh seeks US investment in energy sector

 

ET Report
Bangladesh’s Prime Minister Sheikh Hasina has sought more cooperation from the US in the power and energy sectors, officials said Sunday.
Hasina made the request to the US Ambassador in Dhaka, James F. Moriarty, who called on the newly elected prime minister Sunday.
The government said Bangladesh is in great need of power sector infrastructure for [...]

Govt banks on power plants in pipeline

 

 

ET Report
The government is banking on the costly rental power plants and small independent power plants, which were approved by the interim government but yet to come into operation, to overcome the power crisis this summer.
‘The caretaker government took steps to generate around 1100MW additional electricity. As per that plan, around 322MW electricity was added [...]

Govrnment keen in boosting power and gas production

ET Report

 

Prime Minister Sheikh Hasina, who is also in-charge of the Energy Ministry, formed a special cell for the power, energy and mineral resources ministry aiming to scale up country’s power and gas production in a meeting held at the ministry on 15 January, Thursday. The cell headed by the PM’s Adviser HT Imam will [...]