Gulf of Thailand

Thai developer WHA eyes 20% revenue growth this year – CEO

May 15, 2018 by Thiha

[BANGKOK] WHA Corp, Thailand’s top industrial estate and warehouse developer, targets a 20 per cent revenue growth this year on higher government spending on infrastructure, foreign investment and a growing e-commerce market, its chief executive said on Wednesday. The company is also set to benefit from tax incentives that its customers receive on the Eastern […]

Filed Under: Latest News Tagged With: blockchain technology, Chief Executive, Chief Executive Jareeporn Jarukornsakul, Chinese tech giant Alibaba, commercial warehouses projects, e-commerce market, Eastern Economic Corridor project, EEC, foreign investment, Gulf of Thailand, industrial estate and warehouse developer, Japanese solar farms, JD.com Inc, joint venture, Thai developer, Thailand's top retailer Central Group, Vietnam

PTTEP confirms its commitment to Myanmar oil and gas

April 5, 2018 by Thiha

PTTEP reaffirmed its commitment to the development and growth of Myanmar’s oil and gas industry at the Offshore Technology Conference Asia 2018 this week. Despite the exploration and development challenges in Myanmar’s oil and gas sector, opportunities for successful discovery and production can be captured with the effective use of innovation and people, said Mr. […]

Filed Under: Latest News Tagged With: experts, General Manager, Gulf of Mottama, Gulf of Thailand, Kuala Lumpur, Malaysia, MPRL E&P, Mr. Piya Sukumpanumet, Myanmar Minimum Facility Platforms, Myanmar Ministry of Electricity & Energy, Myanmar Oil and Gas, Offshore Technology Conference, Offshore Technology Conference Asia 2018, oil and gas, OTC, PETRONAS Carigali Myanmar Ltd, Production Public Company Limited, PTTEP, PTTEP International Limited, PTTEP Myanmar Asset, PTTEPI, Representatives, Sand Control Completion, Schlumberger, Southeast Asia, Stock Exchange of Thailand, Total E&P Myanmar, Yadana and Yetagun production projects

PTTEP’s net profit jumps 60% from recovered oil prices & effective operation & cost management

January 30, 2018 by Thiha

PTT Exploration and Production Public Company Limited (PTTEP) reported 2017’s net profit at USD 594 million (equivalent to THB 20,579 million), soaring by more than 60% despite the impairment recognition of USD 558 million from the development plan adjustment in the Mariana Oil Sands project. Earnings Before Intereset, Taxes, Depreciation and Amortization (EBITDA) margin maintained […]

Filed Under: Latest News Tagged With: Algeria Hassi Bir Rekaiz project, Annual General Shareholders’ Meeting, Australia, bidding process, Board of Directors, Bongkot and Erawan, Brazil, Canada, CAPEX, Capital Expenditure, Chief Executive Officer of PTTEP, FID, Final Investment Decision, Financial Institutions, finanical position, gas prices, Gulf of Thailand, interim dividend, investments, Legal & Contractual Framework, Malaysia, Mariana Oil Sands project, Operating Expenditure, OPEX, PTT Exploration and Production Public Company Limited, PTTEP, Somporn Vongvuthipornchai, Southeast Asia, the Algerian Government, the Federal Republic of Brazil, The Mariana Oil Sands Project, the Middle East, The Mozambique Rovuma Offshore Area 1 Project, the oil and gas industry, the People's Democratic Republic of Algeria (Algeria), the Republic of Mozambique (Mozambique), the shareholders, the Vietnam Block B, transportation costs, Vietnam 16-1 Project, Zawtika Project

Government to Give Investors Equal Rights at New Industrial Zones, Satellite Townships

March 31, 2017 by thiha

The government has plans to build new industrial zones and satellite townships across the country, U Kyaw Win, the minister for planning and finance, told an investment conference. Under the plans, foreign and local investors in old industrial zones will also have equal investment rights in new projects, added U Kyaw Win. “The existing industrial […]

Filed Under: Latest News Tagged With: Andaman Sea to Bangkok, Gulf of Thailand, SEZ, The Chinese Backed Kyaukphyu SEZ, The Dawei Special Eco¬nomic Zone, The My¬anmar Government, U Kyaw Win

Tanintharyi Officials say Work on Dawei SEZ Could Restart

February 2, 2017 by thiha

Plodding progress is being made on the long-delayed Dawei Special Economic Zone, according to Tanintharyi Region government officials, who are hoping the project will restart soon. Regional government officials visited Japan last month to discuss that country’s potential participation in the SEZ and reported strong interest. Tanintharyi Region Chief Minister Daw Lae Lae Maw […]

Filed Under: Latest News Tagged With: Andaman Sea to Bangkok, Dawei Development Association, Dawei SEZ Management Committee U Phyo Win Tun, Dawei Special Economic Zone, DDA, Gulf of Thailand, Italian-Thai Development, ITD, Japanese Prime Minister Shinzo Abe, LNG Plus International Company, Myanmar, Nay Pyi Taw, Rojana Industrial Park Public Company, SEZ, Tanintharyi Region Chief Minister Daw Lae Lae Maw, Tanintharyi Region Government Officials, Thailand, The Myanmar Times

Chevron says no plan to exit Thailand, may keep stake in Myanmar gas field

August 23, 2016 by thiha

Aug 19 Chevron is committed to its Thailand investments despite job cuts that have spurred rumours of the U.S. oil major’s exit, and may keep a Myanmar gas field stake if no attractive offer is made for the asset, an executive said in a statement on Friday. The U.S. oil major – the country’s largest […]

Filed Under: Latest News Tagged With: Gulf of Thailand, President of Chevron Asia Pacific Exploration, production, Production Pcl, PTT Exploration, Stephen Green, Yadana

Doubts raised over Chinese oil refinery plan

April 13, 2016 by thiha

A Chinese-led US$3 billion plan to build Myanmar’s largest oil refinery near the southern city of Dawei has raised questions about China’s strategic intentions in launching apparently commercially unviable projects, while local groups have already signalled their opposition. Guangdong Zhenrong Energy Co, a Chinese state-controlled commodity trader, said the Myanmar Investment Commission (MIC) had signed its […]

Filed Under: Latest News Tagged With: A Chinese, Andaman Sea, BMI Research, Daw Lae Lae Maw, Dawei, Dawei Development Association, Fitch Ratings Group, Guangdong Zhenrong, Guangdong Zhenrong Energy Co, Gulf of Thailand, Htoo Group. The MIC, Indian Ocean, Kachin State, Ko Thant Zin, Kyaukphyu, MIC, Middle East, MPE, Myanma Petrochemical Enterprise, Myanmar Economic Holdings Limited, Myanmar investment commission, Nay Pyi Taw, President of KWR International Keith Rabin, Rakhine State, Thailand, The Irrawaddy, The Myanmar Times, Yangon Engineering Group

Energy dilemma

March 15, 2016 by thiha

Myanmar needs oil and gas revenue to spur its economy and new discoveries to feed its growing energy appetite, but low oil prices could bring cutbacks in exploration. Myanmar is bracing for a rougher ride after a few years of giddy economic expansion as foreign direct investment slows amid falling oil prices and global uncertainty. […]

Filed Under: Latest News Tagged With: According to Wood Mackenzie, Asia Focus, BG, Brazil. Those in Myanmar, CEO of Thailand, Chanin Yensudchai, Daewoo, Dawei Special Economic Zone, Dr Siri Jirapongphan, EIA, France, Gas Enterprise, Gulf of Moattama, Gulf of Thailand, Investors Services, Italian-Thai Development Plc, LNG Plus International Co Ltd, LNGP, Malaysia, MM Logistics Co Ltd, MML, MMSCFD, Moody, Morgan Stanley, Ms Pannalin, Myanma Oil, Myanmar M3, Pannalin Mahawongtikul, Petronas, Production Plc, PTT Exploration, PTTEP, rakhine, Royal Dutch Shell, San Suu Kyi, Shell, Shwe, Somporn Vongvuthipornchai, South Korea, Southeast Asia, Statoil of Norway, Thai, the Petroleum Institute of Thailand, The slowdown, The US Energy Information Administration, Total, U Than Tun, Wood Mackenzie, Woodside Petroleum Australia, Yadana, Yetagun, Zawtika

Noble Twin Dragons Guides Myanmar Out of the Fog

May 6, 2015 by thiha

Jakarta. Myanmar today is like a young lady dressed up and ready to compete after many years of being controlled by her previous reign. Now development is fast-paced and if you blink you may miss the latest changes. It takes strong nerves to handle the challenges, but Noble Twin Dragons, a new rising Myanmar company […]