Power & Energy

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    OPEC, allies mull extending output cuts

    Agence France-Presse . Vienna | Updated at 10:00pm on November 29, 2020

    The OPEC oil producers’ club and its allies will hold a virtual meeting on Monday and Tuesday to finalise an expected extension to production cuts...

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    Govt should not implement Matarbari terminals without feasibility study: experts

    United News of Bangladesh . Dhaka | Updated at 08:21pm on November 29, 2020

    Energy experts at a webinar on Sunday said that the government should not implement Matarbari LNG and LPG terminals without any feasibility study. They also...

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    Muhammed Aziz Khan receives ACES Awards 2020

    Staff Correspondent | Updated at 02:20pm on November 18, 2020

    Muhammed Aziz Khan, founding chairman of Summit Group of Companies, received ACES Awards 2020 as one of Asia’s outstanding leaders, organised by MORS Group, said...

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    Ranks Petroleum unveils 2 Shell engine oils

    | Updated at 11:19pm on November 16, 2020

    Ranks Petroleum Limited, macro distributor of lubricant supplier Shell, has launched two new fully synthetic engine oils in Bangladesh for the twowheeler segment, said a...

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    Chinese company to set up waste-based power plant in Dhaka

    Staff Correspondent | Updated at 04:46pm on November 12, 2020

    China Machinery Engineering Corporation was on Thursday awarded with the deal of establishing a waste-based power plant for Dhaka North City Corporation. A meeting of...

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    OPEC forecasts weaker oil demand in 2020-21

    Agence France-Presse . Paris | Updated at 10:12pm on November 11, 2020

    OPEC has revised down its forecasts for global crude oil demand this year and next due to the economic disruption caused by the coronavirus pandemic,...

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    Japanese giant Toshiba retreats from coal-fired power stations

    Agence France-Presse. Tokyo | Updated at 11:20am on November 11, 2020

    Japanese engineering giant Toshiba will stop constructing new coal-fired power plants and shift to renewable energy in a bid to reduce greenhouse gas emissions, a...

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    Saudi Aramco profits dive in Q3

    Agence France-Presse . Riyadh | Updated at 10:32pm on November 03, 2020

    Energy giant Saudi Aramco on Tuesday posted a 44.6 per cent slump in third-quarter profit, as the coronavirus pandemic weighs heavily on the global demand...

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    Extraction of local coal for power plant not feasible: minister  

    United News of Bangladesh . Dhaka | Updated at 07:04pm on October 31, 2020

    State minister for power, energy and mineral resources Nasrul Hamid has said that all studies till now show that local coal extraction for power generation...

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    Oil sinks more than 5pc on fears over virus-hit demand

    Agence France-Presse . London | Updated at 10:57pm on October 28, 2020

    Oil prices slumped on Wednesday, shedding more than five per cent as traders fretted that the worsening coronavirus crisis would further slash the world’s appetite...