Korea’s Posco and U.S. Firm McDermott Sign Deal for Gas Project

South Korea’s Posco International Corp. recently signed a front-end engineering design (FEED) contract with U.S. energy firm McDermott for the third-stage project of the Shwe gas field development. The agreement covers increasing production at Shwe and Shwe Phyu gas fields in A-1 block and Mya field in the offshore A-3 block as well as designs […]

Offshore OFS Could Get Major Boost in SE Asia

Offshore project sanctions in Southeast Asia could lift greenfield investments in the oilfield services market by nearly 70 percent in 2020, according to Norwegian energy research firm Rystad Energy. That’s thanks to megaprojects in Malaysia, Myanmar and Vietnam with new final investment decisions (FIDs) expected in 2021 for Vietnam, Indonesia and Brunei. “We anticipate that […]

Skiold enters Myanmar market

The Danish company Skiold has entered the Myanmar market. The company, which has its headquarters in the small Danish town of Sæby, specializes in providing equipment for full-line pig farms, feed production plants and project solutions for the feed, grain, seed and pig industries. Since 2000, the company has moved its businesses into Asia and […]