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Government of Bangladesh plans to take 20 per cent stake in all the offshore gas blocks to be offered to the international companies for exploitation of hydrocarbon in the forthcoming bidding round. The Financial Express reported that Bapex will will own 20 per cent carried interest stakes and invest...
Bangladesh’s plan to set its first liquefied natural gas (LNG) terminal in Moheshkhali Island in the Bay of Bengal suffered a setback when none of the short-listed firms turned up and submitted bid on close of bid submission deadline Monday. The submission deadline has already been...
Bangladesh’s state owned energy firm Petrobangla has decided to partner Russia’s Gazprom to develop 10 new onshore gas wells in the country. The two companies would develop five development wells and five exploratory well. The development wells will be in the established Titas and Rashidpur...
International Tribunal for Law of the Sea (ITLOS) has ruled that India’s natural gas assets in Myanmar were outside Dhaka’s maritime limits, Indian Express reported. Clarifying the ITLOS ruling on water boundary between Myanmar and Bangladesh, the Research & Analysis Wing (RAW) has informed...
The proposed gas pipeline project that would supply natural gas from Myanmar to India via Bangladesh will most likely be abandoned due to Yangon’s lack of response on the matter in recent years. The project has become obsolete, as Bangladesh and India could not place so far any concrete proposal...
State-run Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX) is likely to commence its first offshore oil and gas exploration venture in July, Reuters reported. The firm will bid in tenders for blocks in the Bay of Bengal in conjunction with a major international company. Bidding Bidding...
ConocoPhillips is looking to acquire more gas blocks offshore Bangladesh as the country has won a favourable verdict by an international tribunal over maritime boundary dispute with neighbouring Myanmar. The Us energy firm has recently sought exploration right in six new deep-water gas blocks in the Bay.
Bangladesh Power Development Board (BPDB) is likely to purchase gas directly from the offshore Sangu-II well belonging to Santos at a higher rate for its power plants, Financial Express Bangladesh reported. The state owned firm expects the deal to be inked with the Australia energy company shortly.
Bangladesh’s Petrobangla is likely to buy the entire production of the new offshore gas well explored recently by Australia’s Santos if the price is found rational. Santos is ready to by supply by March the gas discovered in a well in the Block 16 early this month. Financial Express...
Bangladesh has planned to offer higher tariffs to international oil companies (IOCs) for hydrocarbon to be extracted from the shallow-water gas blocks in the Bay of Bengal under the next bidding round. The government is mulling an increased tariff rate for the next bidding round to woo a good number...