Petrobangla
What to make of Petrobangla’s new oil and gas exploration tender?
The international tender for shallow and deep sea oil and gas exploration sparks some questions regarding its potential success in attracting offshore oil and gas exploration
Tender floated for offshore oil, gas exploration
Petrobangla yesterday floated the offshore bidding tender inviting international oil and gas companies (IOCs) to explore Bangladesh’s maritime area in the Bay of Bengal.
When will fuel prices be adjusted?
Government must reduce financial burden for citizens
Maddhapara Granite posts drop in profit for declining sales
Even with record high production, profit of MGMCL dropped as half of the rock remained unsold
Bangladesh's Summit to supply 1.5 million tonnes LNG to Petrobangla from Oct 2026
Bangladesh's Summit Group set to supply 1.5 million tons of LNG per year to Petrobangla for 15 years, starting from Oct 2026
Offshore Gas Exploration: Petrobangla drafts new negotiation guidelines
Petrobangla has prepared a draft of the Production Sharing Contract (PSC) for offshore gas exploration that improves the state-owned company’s bargaining position when it sits down for negotiation with global oil companies.
Gas price hike spells trouble for industries
The latest hike of gas prices undoubtedly spells trouble for industries as they will try to shift the burden onto consumers by raising product prices, which will boomerang onto them by eating away at their competitiveness in international markets.
Curbing BERC’s authority sets us up for more trouble
The amendment to BERC Act alters its position as the sole authority for fixing energy prices.
Another day, another damning audit report
Will Petrobangla remain unaccountable?
Only the guilty need indemnity laws
The national energy crisis is a direct result of the corruption and nepotism encouraged by the indemnity law.
Who will rein in Bangladesh Petroleum Corporation?
It must be made accountable for its irregularities
Indemnity recommended for Petrobangla officials from legal proceedings
A recommendation has been made to a parliamentary standing committee that a martial-law era provision be brought back for shielding Petrobangla officials from legal proceedings for “acting in good faith”.
Meant for gas exploration, TK 2000cr used for LNG import
Petrobangla used around Tk 2,000 crore from the Gas Development Fund, which was formed for gas exploration, to import liquefied natural gas. According to Bangladesh Energy Regulatory Commission, Petrobangla did not take necessary permission for this.
Petrobangla’s dangerous dependency on gas imports
Self-sufficiency can rid us of the threat of energy crises
Tk 2,000cr meant for gas exploration but Petrobangla spent on import
Petrobangla spent Tk 2,000 crore from the Gas Development Fund (GDF), meant for gas exploration, to import LNG without the permission of Bangladesh Energy Regulatory Commission.
How to avoid buying LNG from the spot market
We have known for a while that dependence on the expensive liquefied natural gas (LNG) would put Bangladesh under major financial stress.
New gas price to be announced tomorrow: Berc
Bangladesh Energy Regulatory Commission (Berc) will announce the new gas tariff at the consumer level tomorrow (June 5, 2022).
Bangladesh to buy LNG at $4 lower rates, fertiliser $21 higher
Bangladesh is going to buy liquefied natural gas (LNG) from the international market at $4 lower price than the previous but at the same time it will procure fertiliser by paying additional $21 a tonne.
CNG filling stations to remain closed 5-11pm during Ramadan
CNG filling stations across the country will remain closed from 5pm to 11pm every day during the month of Ramadan, instead of 6pm-11:00pm, according to a press release of Petrobangla.
