Business
Energy & Power
Commerce Minister Vows Tighter LPG Market Monitoring
Commerce Minister Khandaker Abdul Muktadir recently said the government will strengthen monitoring of the liquefied petroleum gas (LPG) market through local administrations to ensure that consumers do not face harassment and that no one engages in market abuse at the retail level.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
BYD Unveils EV Batteries that Can Recharge in 10 Minutes
The Chinese electric vehicle maker said the new batteries can charge from 10% to 70% in 5 minutes and from 10% to 97% in 9 minutes. The company also announced a new generation of its Flash Charging Technology.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
Canada Drops 9 Units, US Rig Count Ticks Up
The rig count in Canada is down 9 units to 205 working for the week Mar. 5, according to Baker Hughes data. The weekly total is down 29 units from the 234 rigs working this time a year ago.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
Efficient Fuel Management Only Option Amid ME Crisis: Minister
Minister for Power, Energy and Mineral Resources Iqbal Hassan Mahmood recently said Bangladesh has no alternative but to use its existing fuel resources in a cost-effective manner due to the ongoing war in the Middle East.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
Govt Orders Mobile Courts to Check Fuel Hoarding, Smuggling
The government has ordered the deployment of mobile courts across the country to prevent illegal hoarding, overpricing, and smuggling of fuel amid supply concerns triggered by the Middle East conflict.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
Seadrill Lands Drillship Fixture Offshore Malaysia with PTTEP
This is one of various new contracts for Seadrill's fleet, with most of the others being extensions existing to programs.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
QatarEnergy Begins LNG Supply to BD under Second Long-Term Deal
After the US's Excelerate Energy, Middle East's QatarEnergy has started supplying LNG to Bangladesh under its second long-term sales and purchase agreement (SPA).
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
Contingency Actions For Crisis Management
The US-Israel joint offensive against Iran, followed by Iran's retaliatory strikes on Israel and US bases across the Persian Gulf, has triggered a global energy crisis. Bangladesh, for reasons well known, was already facing an energy crisis due to a chronic shortage of its primary fuel—natural gas. The conflict in Iran and the Middle East has deepened the crisis further.
5 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
Middle East War Threatens Global Energy Security
The war in the Middle East and the Gulf region has taken an alarming turn as Iran and the Israel-US alliance have begun targeting oil installations and pipelines.
5 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
Restive Hormuz Puts Bangladesh's LNG Lifeline in Peril
Bangladesh's energy security remains heavily tethered to the stability of the Strait of Hormuz, a strategic maritime gateway connecting the Gulf and global markets, as more than half of the country's liquefied natural gas (LNG) imports passed through this critical chokepoint in 2025.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
Prime Bank Partners with Friendship to Strengthen Climate Resilience in Char Communities
Prime Bank PLC has signed a Memorandum of Understanding (MoU) with Friendship to launch \"Safe Shores: Empowering Char Communities against Climate Change,\" a landmark climate-resilient development initiative under the Bank's Corporate Social Responsibility (CSR) programme.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
PTTEP Commits to First Greenfield Oil Development Offshore Malaysia
For the 2025 financial performance, PTTEP reported a total revenue of THB 294,849 million million).
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
QatarEnergy Suspends Work on North Field Expansion Due to USIran Conflict
QatarEnergy has suspended work on its the North Field (NFE) Expansion project due to the US-Iran conflict in the Persian Gulf that began on February 28, 2026.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
PTTEP, Valeura Respond to Thai Energy Security Request
Both companies have pledged to prioritize production for domestic needs to offset risks to oil imports from the Middle East.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
OPEC+ Mulls Oil Production Increase in Shadow of War
As a fresh Middle East conflict risks sending oil prices sharply higher, Saudi Arabia, Russia and six other key members of the Opec+ alliance are widely expected to announce an output increase, analysts say.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
China Tells Oil Refiners to Suspend Exports
China has told its largest oil refiners to suspend exports of diesel and gasoline, citing unidentified sources, as the war in the Middle East risks an energy supply crunch.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
Petronas Advancing Offshore Exploration and Carbon Storage Initiatives
In 2025, Petronas successfully delivered hydrocarbons 26 projects, 12 discoveries, from made and exploration secured 28 FIDS, highlighting its robust growth in Malaysia and international markets.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
Bangladesh Solar Energy Ambitions: Steering Potential and Pragmatism
As of January 2026, Bangladesh's pursuit of solar energy is a sophisticated balancing act between its tropical potential and the terrestrial constraints of a densely populated riverine delta.
4 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
Regional Webinar Highlights Climate Threats to South Asian Fisheries
The SAARC Agriculture Centre (SAC) organized a regional webinar titled \"Climate Change and Fisheries in South Asia\" on Tuesday, 10 March 2026, bringing together experts from across the region to discuss the growing impact of climate change on marine and freshwater fisheries possible adaptation and strategies.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
FUEL STOCKS ARE GOOD: DON'T SET THE PANIC BUTTON
The US-Israeli war on Iran has set off a panic buying of fuel in Bangladesh, nearly 4,000 kilometers away from the eye of the storm. It has hardly been surprising.
2 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
Shahjibazar 330MW Power Plant Partially Resumes after 48-Month Shutdown
The Combined Power 330MW Cycle Plant at Shahjibazar in Madhabpur upazila Habiganj resumed of has partial electricity production after remaining shut for 48 months following a fire incident.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
Singapore Raises 2030 Solar Target to 3 GW
Singapore has increased its 2030 solar target by 1 GW after surpassing the original 2 GW goal before the end of last year.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
BlackRock Investor-Led Consortium Buying AES in $10.7b Cash Deal
The transaction is the latest big announcement in a hot market for US power and utilities mergers and acquisitions, as companies jostle for position in anticipation of Al-driven demand spike.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
OPEC Fund Marks 50th Anniversary with Record $3.2b in Dev Financing
The OPEC Fund for International Development (The OPEC Fund) committed a record US$3.2 billion to development operations in 2025, the highest annual volume in the institution's history, and a 39 percent increase year-on-year.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
Women Must Lead Bangladesh's Renewable Energy Transition
As Bangladesh gradually moves toward clean and sustainable energy, the transition is about more than reducing carbon emissions.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
Holistic Approach Indispensable for Climate Change Adaptation in Barind
Climate change adaptation in the Barind area has become an urgent need as the adverse impact of climate change has been posing a serious threat to the living and livelihood conditions of the people, particularly the marginalized ones.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
UN Approves First Carbon Credits
The United Nations recently announced the approval of the first carbon credits under a global market aimed at reducing emissions, a mechanism that has faced scrutiny over greenwashing concerns.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
Gas Rationing Begins as ME Crisis Squeezes Supply
State-run Petrobangla has initiated gas rationing as the ongoing Middle East crisis begins to pinch Bangladesh's energy supply, officials said.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
PM Reduces Use of Lights, AC in his Office to Save Electricity
Prime Minister Tarique Rahman has reduced the use of lights and air-conditioners at his office room in Bangladesh Secretariat in half in a bid to save electricity.
1 min |
EP_22_19 (Energy & Power Vol 23 Issue 19 March 16, 2026)
Energy & Power
Renewables Are the Fastest Path to Energy Security: UN Chief
António Guterres, Secretary-General of the United Nations, posted on LinkedIn yesterday calling renewable energy the fastest path to energy security, economic security, and national security. Read his full statement below.
1 min |