Petrobangla
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?
State coffers robbed of Tk 4,697cr by Petrobangla, BPC
The government has been deprived of about Tk 4,697 crore for 19 counts of irregularities by Petrobangla and Bangladesh Petroleum Corporation, found an audit.
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.
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.
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.
