Friday, December 8, 2023

Gazprom lets down govt; plans to boost gas output jeopardised

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

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