The government’s plans to increase gas production by 300 mmcf, from the existing fields, has been jeopardised as the Russian oil giant Gazprom has not fulfilled its contractual obligations to implement Petrobangla’s USD 197.55 million gas augmentation plan. The Russian oil company’s subsidiary Eriell has failed to drill even a single well. To implement the ... Read more
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Petrobangla set to award 3 shallow gas blocks to oil cos by end-June
Petrobangla, the state-owned oil and gas company, is set to award three shallow natural gas blocks to international oil companies (IOCs) for exploring hydrocarbons in the Bay of Bengal by the end of June. The energy ministry completed all the necessary tasks in this connection on Monday and sent the file to the Prime Minister’s ... Read more
Petrobangla inks $200m deal for MGMCL
Petrobangla, the state-owned oil, gas and mineral company, has signed a contract with Germania Corporation Limited, a Belarus-based company, to operate the Maddhapara Granite Mining Company Ltd (MGMCL), the country’s lone hard rock mine. “We signed the production and operation contract with Germania, which would cost around USD 200 million for six years,
Gas outlook gloomy
Petrobangla failing to increase gas supply next year as per forecast; crisis to remain during next election; LNG tender delay, Chevron’s gas cut kills hope In April last year, Petrobangla made a rosy forecast that by June 2013, it would be able to almost double the country’s gas supplies. But now it has drastically revised ... Read more
Petrobangla to float tenders by late Oct
Offshore oil-gas exploration Petrobangla to float tenders by late Oct Petrobangla will float international tenders for oil and gas exploration in the Bay of Bengal by the end of October, said officials. They said that officials of the Energy Division and Petrobangla on Monday afternoon discussed the matter at a meeting chaired by Mohammad Mesbah ... Read more
Petrobangla to give job to US firm without knowing details
Petrobangla is likely to award the US-based Astra Oil and Excelerate Energy a contract for installation of a floating LNG terminal at Moheshkhali in the Bay of Bengal, although the firm has not given the financial break-up or technical details in its bid document for project implementation, said officials. An Energy Division official told New ... Read more
Petrobangla to extract oil from 2 old fields
Petrobangla—the Oil, Gas and Mineral Resources Corporation—has finally decided to extract oil from the country’s first two oil fields at Haripur and Kailashtila in Sylhet discovered more than two decades ago. Petrobangla chairman Hossain Monsur at a press briefing on Sunday said production