Surging US Henry Hub gas prices, as well as higher and extremely volatile global gas prices, offers a lesson for emerging markets that investment in gas importing, distribution and power production assets will lead to stranded assets and lost wealth, according to analysis from IEEFA.
The government of Bangladesh has shortlisted eight potential global companies, including ExxonMobil and TotalEnergies, as well as various Japanese players, to build the South Asian nation’s first onshore liquefied natural gas (LNG) import terminal. Significantly, the proposed 7.5 million tonne per year (t/y) LNG processing facility would double Bangladesh’s import capacity.
South Asia, which includes India, Pakistan, Sri Lanka, and Bangladesh, is slowly following the rest of the world in the transition towards cleaner energy systems. The subtle shift opens potentially large market opportunities for energy service suppliers.
Industry sources have told Energy Voice that liquidators for financially crippled Asia-focused upstream player KrisEnergy are accepting non-binding offers for the Singapore-based company’s assets.
India’s H-Energy is set to finalise a long-term deal to supply re-gasified liquefied natural gas (LNG) to Bangladesh through a cross border natural gas pipeline.
Financially crippled Asia-focused upstream player KrisEnergy has finally admitted defeat and filed a winding-up petition to the Grand Court of the Cayman Islands. In response, state-backed Keppel Corporation, the largest shareholder in the Singapore-listed company, appears intent on seizing KrisEnergy’s remaining assets in Asia.
Singapore’s KrisEnergy is on the verge of collapse and eagle-eyed investors, seeking assets at bargain prices, are preparing to pick over the company’s carcass. However, given KrisEnergy’s recent dismal performance in Cambodia, there is not much left of interest.
Qatar Petroleum will supply 1.25 million tonnes per year (t/y) of liquefied natural gas (LNG) to Bangladesh after signing a deal with global trader Vitol.
A court has ruled it was illegal for a UK North Sea production vessel to be imported, beached and broken down on a notorious beach in Bangladesh.
North Sea oil and gas operators have slashed offshore downtime by more than 30%, according to a new index provided by an energy services firm.
Chevron has announced plans to sell its Bangladesh companies. The California-based firm said its subsidiary Chevron Global Ventures had agreed to sell shares of its subsidiaries operating in Bangladesh to Himalaya Energy. Chevron Bangladesh operates the Bibiyana, Jalalabad and Moulavi Bazar fields.
Bangladesh is to have Chevron Corp's in-country natural gas reserves assessed before making a formal bid to buy the assets, according to reports.
The scrapping of an oil and gas vessel that wound up on a scrapyard beach in Bangladesh has been delayed, a news report said.
The Offshore Coordinating Group (OCG) has hit out at the decommissioning of a giant oil and gas vessel after it was found languishing on a Bangladesh beach.
A vessel which was once docked by the Riverside Stadium in Middlesbrough has ended up beached in Bangladesh.
Oil & Natural Gas Corp., the largest Indian oil and gas explorer, and Hong Kong-listed United Energy Group Ltd. are among bidders for Bangladesh natural gas assets being sold by Chevron Corp., people with knowledge of the matter said.
Engineering services firm Penspen has been awarded a contract worth $4.3million from Gas Transmission Company Limited (GTCL), under the Ministry of Power, Energy and Mineral Resources of Bangladesh.