Ddev Plastiks Industries (NSE:DDEVPLSTIK, BOM:543547) declared a final dividend of 1.25 rupees per share for the fiscal year ended March 31, according to an Indian bourse filing on Monday.
The fiscal 2026 dividend is payable to shareholders of record on Sept. 19, the filing said.
The Bangladesh government on Sunday opened an international bidding round for offshore oil and gas exploration across 11 shallow water and 15 deep water blocks in the Bay of Bengal, with improved terms to encourage foreign investor participation.Energy Minister Iqbal Hasan Mahmood reportedly said in a press conference that the tender is in line with the government's strategy to boost domestic supplies and limit the country's reliance on imported fuel.Bangladesh, which heavily relies on imported liquefied natural gas, has been affected by supply disruptions and price surges since the start of the US-Iran war.In March 2024, the previous licensing round failed to attract any bid, Reuters reported, with a later review revealing concerns over gas pricing, pipeline construction costs and profit-sharing obligations as the deterrents.In the new bid invitation published by the government and state-owned Petrobangla, improved terms in the production-sharing contract include an "attractive wellhead gas price linked to international marker crude Brent" and a "mutually agreed pipeline tariff".Gas prices were previously linked to high-sulfur fuel oil.The amended framework would also allow third-party gas sales, gas exports, and special investment protection clauses, according to Mahmood, as cited by local news agency Bonik Barta.An information package for prospective bidders will be released on June 1, while bids can be submitted through Nov. 30, according to the published bid invitation.
The Australian government on Monday unveiled the draft design for its proposed Domestic Gas Reservation Scheme that would require liquefied natural gas exporters to ensure 20% of their annual export volume is reserved for the domestic market.Obligations under this scheme will commence from July 1 next year, according to a statement issued by the Department of Climate Change, Energy, the Environment and Water on Monday."These reforms are an opportunity to streamline the gas market regulatory framework and manage regulatory burden," the statement said.The document has been made available for stakeholder feedback.Existing contracts entered into on or before Dec. 22 last year will be "respected" and regulated entities will be allowed to propose adjustments to their domestic supply obligation if they can show that they would be forced to break export contracts.The final policy will be finalized by the government through legislation expected in 2027.
Ukrainian forces launched attacks on Russia's Vtorovo oil pumping station in Vladimir Oblast and Tamanneftegaz oil terminal in Krasnodar Krai over the weekend, local authorities confirmed, potentially disrupting Russia's fuel supply chain.Ukraine's security service, SBU, on Sunday said it struck Vtorovo oil pumping station, one of Russia's key fuel hubs operated by state-owned Transneft, resulting in a "large-scale" fire that covered an area of 800 square meters.The oil pumping and dispatching station delivers fuel, mainly diesel, from oil refineries in the central part of Russia to domestic markets and export terminals, according to the statement. The facility also supplies fuel to Sheremetyevo, Domodedovo, and Vnukovo airports.Transneft did not immediately respond to' request for comment.The General Staff of the Armed Forces of Ukraine also said in a social media post on Sunday that the Defense Forces struck the Tamanneftegaz oil terminal in Volna, damaging an oil loading stand.The facility near the port of Taman exports up to 20 million tons of oil and petroleum products per year through the Black Sea, according to the statement.has reached out to the company to seek feedback on the extent of damages.Meanwhile, a missile attack on Russia's Belgorod region early Monday has damaged an energy infrastructure, and disrupted power and water supplies, according to multiple media outlets.Energy infrastructure has been the main target of attacks since the Russia-Ukraine conflict escalated in 2022, with the aim of disrupting supply chains and crippling oil revenues.