National,Front Page

No COVID-19 case in Rohingya camp

No cases of COVID-19 have been reported so far in Rohingya refugee camps in Cox’s Bazar. There is currently one confirmed case in the local community in Cox’s Bazar, who is a Bangladeshi returnee from overseas, says an Inter Sector Coordination Group press release. According to the relea...

Supplement,Oil & Energy

Oil falls back as Russia rejects Trump’s intervention in price war

Oil prices fell on Friday after rising 10 per cent in the session as the coronavirus epidemic knocked the outlook for demand and Moscow rejected an intervention by US President Donald Trump in Russia's price war with Saudi Arabia, reports agencies. Brent crude futures were down 32 cents, or...

Supplement,Oil & Energy

Oil firms cut hundreds of jobs in Texas and New Mexico as prices crash

Apache Corp and several US oil and gas companies plan to lay off hundreds of workers, according to state filings, adding to a 3,500-person furlough that oilfield giant Halliburton announced this week as the price of oil plunged, reports agencies. Apache said it would cut 85 people in its Midlan...

Supplement,Oil & Energy

OPEC’s Barkindo says he spoke with Texas regulator about oil market

OPEC Secretary General Mohammad Barkindo said Friday that he spoke with a Texas oil regulator about the oil market's current conditions and the "possibility of future cooperation."Barkindo said that the two spoke via teleconference, saying that he and Texas Railroad Commissioner Ryan S...

Supplement,Oil & Energy

US clean energy sector seeks subsidy help to confront slowdown

Wind and solar energy companies on Thursday called on Congress to pass tax incentives that would help the sector avoid project delays and keep financing flowing amid a pandemic that has choked off supply chains and slowed construction, reports agencies. In a letter to House and Senate leadershi...

Supplement,Oil & Energy

Coronavirus, gas slump put brakes on Exxon’s giant Mozambique LNG plan

Exxon Mobil is likely to delay the greenlighting of its $30 billion (26 billion pounds) liquefied natural gas (LNG) project in Mozambique as the coronavirus disrupts early works and a depressed gas market makes investors wary, reports agencies.Top U.S. oil and gas company Exxon said on Tuesday it wa...

National,Front Page

‘A leader like Bangabandhu never dies’

Political leaders, educationalists, economists and cultural personalities have recalled the role of Banbabandhu Sheikh Mujibur Rahman in the independence and development of Bangladesh on the eve of his birth centenary. While talking to Bangladesh Post on Monday, a day before the birth centenary, man...

National,Front Page

Kurigram journo ‘falls victim to DC’s vendetta’

A Kurigram-based journalist of Dhaka Tribune, Ariful Islam, has been jailed allegedly because of personal vendetta of the district deputy commissioner, Sultana Pervin.Family of Ariful alleged that members of law enforcement agencies led by a magistrate broke open the door of their house in the wee h...

Supplement,Oil & Energy

Bosnian region invites bids for 60 MW solar power plant

The Energy Ministry of Bosnia's autonomous Serb Republic on Friday invited interested investors to bid at a tender for the construction of a 60-megawatt (MW) solar power plant in southeastern Bosnia, report agencies. The solar power plant, which will be located near the town of Bileca, is e...

Supplement,Oil & Energy

Oil prices set for biggest weekly drop since 2008

Oil prices were set for their biggest weekly slide since the 2008 financial crisis despite a 4 per cent bounce on Friday, as the coronavirus outbreak threatened demand and crude producers promised more supply, report agencies. Brent crude was up $1.24, or 3.7 per cent on the day, at $34.46 per ...

Supplement,Oil & Energy

Coranavirus case forces Equinor to pause Martin Linge oil project

Norwegian oil company Equinor has halted work at the Martin Linge offshore development project after one of its employees tested positive for the coronavirus earlier this week, the company said on Friday, report agencies. It was too early to tell whether the Martin Linge field, scheduled to sta...

Supplement,Oil & Energy

Oil slump worsens lowflation risks central banks can’t ignore

Global central banks already struggling to spur inflation amid the spreading coronavirus are facing a fresh challenge -- the oil crash, report agencies. The price war between Saudi Arabia and Russia that has given crude its worst week since 2008 will put heavy downward pressure on inflation jus...

Supplement,Oil & Energy

German power grid battery capacity set to grow 14 per cent in 2020

Germany's power grid industry is set to expand big battery capacity to 517 megawatts (MW) in 2020, 14 per cent more than last year's 453 MW, which already overshot expectations by 19 per cent, data from German advisory groups 3EC and Team Consult showed, report agencies. Big batteries h...

Supplement,Oil & Energy

BP eyes lower spending after shares drop to 24-year low

BP is seeking to reduce spending after the collapse in oil prices sent its shares to their lowest in 24 years, Chief Executive Bernard Looney said on Friday, report agencies. The slump, sparked by the spread of the coronavirus and the collapse of a supply cut deal between major oil producing nations...

Supplement,Oil & Energy

Oil flood from OPEC fight to strain world’s tanks

The oil-price war between Saudi Arabia and Russia is set to unleash the biggest flood of crude ever seen, perhaps more than the world can even store, report agencies. As producers ramp up shipments in a battle for dominance of global markets, and the coronavirus crushes demand, more than a bill...

Supplement,Oil & Energy

Oil prices nosedive after OPEC+ deal collapses

Oil prices have plunged to multi-year lows on Friday (local time) after a deal between the Organization of the Petroleum Exporting Countries (OPEC) and its allies, led by Russia, collapsed in Vienna.  With no deal on additional production cuts, the meeting between OPEC and its partnering countr...

Supplement,Oil & Energy

Ecuador’s Petroamazonas to launch $148 million drilling campaign to boost oil output

Ecuador's state-run oil company Petroamazonas said on Friday it plans to invest $148 million to drill 24 new wells in its largest block, with the aim of boosting crude output by 7,500 barrels per day (bpd), report agencies. The company has hired China's Chuanqing Drilling Engineering Co...

Supplement,Oil & Energy

Virginia passes bill to achieve 100 percent carbon-free power by 2045

The Virginia Legislature passed a bill on Friday that puts the state on a path to 100 per cent clean energy by 2045 as part of the commonwealth's effort to reduce its impact on climate change, report agencies.  Virginia Senate Bill 851 requires the state to get all its electricity from carb...

Supplement,Oil & Energy

Bosnian region to add 1,000 MW of renewables to trim carbon footprint

Bosnia's autonomous Serb Republic aims to add 1,000 megawatts (MW) of renewable energy sources by 2029 at a cost of 11.5 billion Bosnian marka ($6.7 billion) to smooth its transition from coal, its energy minister said, report agencies.  The largest portion of projects, targeting solar, win...

Supplement,Oil & Energy

Tesla advertises for solar, energy storage project managers in China

Tesla Inc has advertised for solar and energy storage project managers in China, as the U.S. electric vehicle maker moves to expand its energy business into the country, report agencies. The two posts on the Tesla human resources department's official WeChat account mark the first time the Calif...