Energy & Power - EP_21_19 (Energy & Power Vol 21 Issue 19 March 16, 2024)

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Bangladesh is embarking on its new journey, inviting international oil companies to explore its offshore blocks through a fresh round of bidding. It's like they're throwing open the doors to a treasure hunt, hoping to strike hydrocarbon beneath the waves. This move comes after a bit of a hiatus since 2014, and Bangladesh is eager to play catch-up with its neighbors – Myanmar and India, who've had some impressive offshore successes. The government has been busy sweetening the deal, offering up a revamped Model Production-Sharing Contract (MPSC) with all the bells and whistles, including a fancy dynamic pricing formula. Some big-name oil companies are already sniffing around, checking out the data from a recent survey to see what's up for grabs. Bangladesh might not have the same offshore allure as some of its neighbors, but it's got its own perks—like political stability and a booming demand for gas. That's got investors interested.
But here's the thing: Bangladesh knows it needs to keep things smooth sailing. They're all about transparency and efficiency, making sure the bidding process is fair and square. With Petrobangla and the Energy and Mineral Resources Division leading the charge with their can-do attitude, it's looking like smooth seas ahead. So, here's to Bangladesh's offshore dreams—may they soon strike it rich in the deep blue sea.

Energy & Power Magazine Description:

Energy & Power (EP) is the first and only full-fledged fortnightly magazine that deals with the much cried over energy and power sector in Bangladesh. Since its inception in June 16, 2003, EP is working very hard to 
a) Develop public consciousness on sustainable and even development of energy sector; 
b) Assist the policy makers in assuming pragmatic policies for a balanced development of the energy sector; 
c) Continuous supply of information among public; and 
d) Develop a group of reporters in this field 

Bangladesh is an energy deficit country like other countries in the region and most of the people do not have adequate access to the energy and power. The country is completely dependent on fossil energy source; at the same time, it is one of the most inefficient energy using countries in the world. 
It lacks efficiency in planning, management, generation, distribution, load management and even at the end user level consumption. 
In spite of the above drawbacks, issues relating to utilization of renewable energy, exploring alternative use of energy, planned use of environment friendly energy are significantly undermined in Bangladesh. 
The biggest challenge of Bangladesh is to find a path for balanced growth of its energy sector. Despite its resource constraints, EP dynamically strives to provide theenergy sector with a flow of information and create public awareness; so that policymakers get guidelines and platforms for its sustainable development.

Code of Ethics 
EP believes that public enlightenment is the forerunner of justice and the foundation of democracy. The duty of a journalist is to further those ends by seeking truth and providing a fair and comprehensive account of events and issues and professional integrity is the cornerstone of a journalist's credibility. We strive to serve the public with thoroughness and honesty.

The EP editorial policy is to share a dedication to ethical behavior and uphold the zero conflict of interest principles and highest standards of practice. 

EP believes in 
o Seeking truth and reporting the same 
o Minimize harm