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?
Mine officials to face music
Petrobangla Chairman Abul Mansur Md Faizullah yesterday said taking coal out of the Barapukuria coal mine yard would not have been possible if its staffers had not been involved in the act.
Find out the coal culprits
Prime Minister Sheikh Hasina has ordered forming a fresh committee to further investigate the disappearance of some 1.45 lakh tonnes of coal from Barapukuria coalmine and identify those responsible for it.
Imported LNG to end gas crisis
Good news: Annual Import of US$3 billion Liquefied Natural Gas (LNG) is to ease the decades-long gas crisis of the country. Import will start in April, 2018 and by October more than one third of the country's gas needs would be imported in the form of Liquefied Natural Gas (LNG).
Niko deals illegal
The High Court yesterday declared illegal and void the two deals Niko Resources Bangladesh Limited signed with Bapex and Petrobangla, as those were procured through corruption. The court also directed the authorities to “revert back” to the state the assets Niko possessed through the Joint Venture Agreement (JVA) and the Gas Purchase and Sales Agreement (GPSA) signed in 2003 and 2006.
Niko deals with Bapex, Petrobangla illegal: HC
The High court declares two deals of Niko signed with Bapex and Petrobangla illegal. Niko signed the deals -- joint venture agreement and gas purchase and sales agreement (GPSA) -- with Bapex and Petrobangla in 2003 and 2006 respectively.
