Lub-rref Organized A Day Long Workshop for Bangladesh Marin Academy

5th June 2017
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Lub-rref (Bangladesh) Ltd, single lubricant oil research center in Bangladesh, organized a day long programon 15th May 2017 aiming to provide training on marine engine oil and other related stuffs on using marine fuel to the cadet engineers of Bangladesh Marin Academy at Chittagong office.

HELE Coal Technology Key to Growth in South East Asia

5th June 2017
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High-efficiency, low-emission (HELE) coal-fired electricity generation technology will play a critical role in South-East Asia’s future economic prosperity and climate policies, according to a new report from ASEAN Centre for Energy and the World Coal Association (WCA).

Chevron Threatens to Fire Bangladesh Staff Protesting Asset Sale

5th June 2017
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US oil company Chevron has threatened to fire staff protesting against the planned sale of its assets in Bangladesh to Chinese investors, according to a letter, in a row that could delay the estimated $2.0 billion deal.

'Matarbari Graft': Ex-DC of Cox's Bazar Sent to Jail

5th June 2017
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A court recently sent former deputy commissioner Md Ruhul Amin to jail in connection with corruption in Matarbari coal-based power plant in Maheshkhali.

Main Construction of Rooppur Project Begins Soon

5th June 2017
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Work on the preparatory phase of the Rooppur Nuclear Power Plant (RNPP) is nearing completion and the main construction is expected to begin in the second half of the current year, according to a release issued recently.

Govt Even Ready for Zero Taxes to Woo Investment

5th June 2017
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Planning Minister AHM Mustafa Kamal said recently the government will do everything for the development of the country.

BPC Starts Duty-Free Import of Furnace Oil

5th June 2017
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The Bangladesh Petroleum Corporation (BPC), for the first time, has stopped paying duties and taxes on import of furnace oil from the international market following assurance from the revenue board, officials said.

Petrobangla Opposes PDB’s Proposal for Fuel Import

5th June 2017
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The Prime Minister’s Office (PMO) has sent back a proposal from Power Division for importing petroleum fuels on its own for further scrutiny as the Energy and Mineral Resources Division (EMRD) has been opposing the initiative.

BPC Bags Bids for Import of Oils

5th June 2017
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Bangladesh Petroleum Corporation (BPC) is receiving bids from suppliers to import diesel, jet fuel and furnace oil during July-December 2017 to meet huge fuel demand.

Govt Shortlists Four Int'l Cos for Matarbari LNG Terminal

5th June 2017
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Power Cell has short-listed four international firms to build an onshore LNG (liquefied natural gas) terminal under an equity partnership of developer, financier and a state-owned entity of Bangladesh, said officials.

$48m Adjusted From Chevron Bill for Its Employees

5th June 2017
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Petrobangla, the state-owned oil and energy corporation, has adjusted $48 million from Chevron’s gas sale bill to make a fund for the Bangladesh employees of the US oil giant. Another $3 million will be adjusted from the next bill, a Petrobangla official said.

ADB, IDB to Provide $800m for First LNG-Based Power Plant

5th June 2017
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Multilateral donor agencies have committed to providing financial assistance worth US$800 million loan to set up a single power plant based on imported LNG.

IEA to Review Oil Demand Outlook

5th June 2017
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The International Energy Agency will review its electric vehicle (EV) use and oil demand forecasts after India and China recently signaled new policies in favor of electric cars and vehicles using other alternatives to gasoline. In its current policies scenario, last updated in November 2016, the IEA expects vehicle demand for oil to rise until 2040. But after the world's two fastest growing oil markets, China and India, indicated they are likely to take radical turns away from gasoline, the IEA says it will need to review its forecasts. "We will therefore revisit our analysis of future EV market penetration on the basis of these new announcements for the next World Energy Outlook 2017, to be released on 14 November,” an IEA spokesman said. In its "road map", released in April, China said it wants alternative fuel vehicles to account for at least one-fifth of a projected 35 million annual vehicle sales by 2025.

BD Set to Import LNG from Qatar's Rasgas

5th June 2017
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Bangladesh is set to import 3.75 million tons of LNG at an estimated cost of US$2.28 billion per annum from Qatar state-owned company RasGas.

Pre-Paid Meter Policy Updated to Reduce Cost Burden

5th June 2017
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The government has updated the prepaid meter installation policy to reduce the cost burden and harassment related to the installation of prepaid electricity meters.

Donors Come Too Late in Climate Combat

5th June 2017
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Finance Minister AMA Muhith has said Bangladesh is the worst and innocent victim of global climate change and regretted belated response from abroad in the combat against its impacts.

Over 1000 MW Loadshedding Across Country

5th June 2017
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The country experienced load-shedding of over 1000MW recently, with 400MW of the total in Dhaka alone.

Huge Investment in Power Sector Turns Pointless: BNP

5th June 2017
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BNP recently questioned the huge investment in power sector as the country is now experiencing ‘serious power cut’ amid scorching heat.

BP Begins Gas Production from West Nile Delta

5th June 2017
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BP PLC has started gas production from Taurus and Libra fields, the first two of five fields in the West Nile Delta development of Egypt. The fields are currently producing more than 700 MMscfd of sales gas and 1,000 b/d of condensate. Following final approval in 2015, development of Taurus and Libra was fast-tracked by 8 months to enable delivery of an annual average of more than 600 MMscfd to Egypt’s national gas grid, which first received gas from the project Mar. 24. The Taurus and Libra project is a subsea greenfield development including nine wells—six in Taurus and three in Libra—and a 42-km tieback to the existing onshore processing facility where gas enters the Egyptian grid via a nearby export pipeline. Commissioning of all nine wells and ramp up to stable operations has been completed. BP is operator of the West Nile Delta project with 82.75% interest. DEA Deutsche Erdoel AG holds the remaining 17.25%.

ADB Awards Best Performing Project Teams in Bangladesh

5th June 2017
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ADB has awarded three of its best performing project teams in Bangladesh as part of its efforts to promote efficient project implementation.

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