Power & Energy

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    ERD, ADB ink deal for $167m loan for gas sector

    Staff Correspondent | Updated at 11:10pm on December 29, 2016

    The Asian Development Bank will give a $167-million loan to Bangladesh to improve production efficiency at Titas Gas Field and expand transmission infrastructure...

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    BPC inks $550 m deal with Chinese firm to construct oil pipeline

    Staff correspondent | Updated at 02:36pm on December 08, 2016

    The state-run Bangladesh Petroleum Corporation on Thursday signed an engineering, procurement and construction contract with China Petroleum Pipeline Bureau for...

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    Petrobangla, Daewoo ink PSC for deep sea block-12

    Staff Correspondent | Updated at 10:32pm on December 07, 2016

    The state-run Petrobangla on Wednesday initialed a production sharing contract with Thailand-based Posco Daewoo Corporation for oil and gas exploration in the deep sea block-...

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    Saudis to take ‘big hit’ on oil output for OPEC deal, Iran can freeze

    Reuters | Updated at 05:38pm on November 30, 2016

    Saudi energy minister Khalid al-Falih said on Wednesday OPEC was close to clinching a deal to limit oil output, adding Riyadh was prepared to...

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    Oil prices dip as prospects of OPEC deal dim

    Agence France-Presse . Vienna | Updated at 10:29pm on November 29, 2016

    Oil prices dipped Tuesday as expectations dimmed of an OPEC agreement to reduce the cartel’s gushing of crude into the massively saturated global market by...

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    Summit Power skips merger obligations, breaches rules, BSEC finds

    HM Murtuza | Updated at 11:10pm on November 28, 2016

    The Bangladesh Securities and Exchange Commission has found that Summit Power Limited breached a number of securities rules including not fulfilling some obligations before its...

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    ADB, AIIB to jointly lend for Bangladesh gas project

    Staff correspondent | Updated at 11:52pm on November 21, 2016

    The Asian Development Bank will provide US$ 167 million in loan to Bangladesh to implement a project to expand natural gas transmission infrastructure and improve...

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    Confusion surfaces over DESCO share offloading

    HM Murtuza | Updated at 11:55pm on November 20, 2016

    Confusion surfaced over offloading another 10 per cent shares of Dhaka Electric Supply Company to the capital market as the officials of the entity denied...

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    Bangladesh can become export powerhouse: WB

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 02:45am on November 15, 2016

    Bangladesh can become an export powerhouse at the level of its East Asian neighbours by improving its business competitiveness and trade regime, which will help...

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    Do not raise gas prices, demand civil society members

    Staff Correspondent | Updated at 03:27pm on October 02, 2016

    Leaders of Nagorik Samaj, a civil society platform, at a news conference on Saturday said that the government’s move to raise the price of...

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