ONGC Videsh Ltd (OVL) and its partner Oil India Ltd (OIL) have signed contracts to explore for oil and gas in two areas in Bangladeshi waters.
An equal joint venture of OVL, the overseas arm of state owned Oil and Natural Gas Corp (ONGC), and OIL on Monday signed production sharing contracts (PSC) for shallow water blocks SS-04 and SS-09 in Bangladesh.
“OVL along with OIL formed a consortium (50:50) and participated in the Bangladesh Offshore Bidding Round 2012, launched by Bangladesh Government during December 2012,” the company said in a statement.
Two dozen privately owned oil-fired power plants in Bangladesh have asked the government for permission to import petroleum products to use for electricity generation, a senior energy ministry official said Wednesday.
The plant owners have objected to the quality of fuel currently being supplied to them by state-owned Bangladesh Petroleum Corp., which imports required oil products for the privately owned power plants.
The ministry official, who asked not to be named, said the plants amounted t...
The government has put the country's first LNG import terminal project on a fast-track route for implementation on a priority basis, to ease the country's energy crisis and accelerate economic growth, said Petrobangla Chairman Hussain Monsur.
The first meeting of the Fast Track Project Monitoring Committee, chaired by Prime Minister Sheikh Hasina, held in Dhaka on Wednesday identified the project as fast-track one, among others.
During the meeting, the prime minister directed the Energy and...
Energy and water security are crucial to human and economic development. The two resources are now more interconnected than ever—significant amounts of water are needed in almost all energy generation processes, from generating hydropower, to cooling and other purposes in thermal power plants, to extracting and processing fuels. Conversely, the water sector needs energy – mainly in the form of electricity – to extract, treat and transport water. Both energy and water are used in the production of crops, including those used to generate energy through biofuels.
But energy and water resources are under unprecedented pressure, and there is growing competition for their use from people, industries, ecosystems, and growing economie...
The credits from the International Development Association (IDA), the World Bank's concessionary arm, have 40 years to maturity with a 10-year grace period and carry a service charge of 0.75 per cent.
Mohammad Saiful Isla...
The credits from the International Development Association (IDA), the World Bank's concessionary arm, have 40 years to maturity with a 10-year grace period and carry a service charge of 0.75 per cent.
Mohammad Saiful Isla...
