YANGON — French energy company Total and Australia’s Woodside Energy, along with their local partner, have agreed with the government of Myanmar on financial terms for an offshore natural gas project. The A-6 project, an offshore field in the Bay of Bengal off the coast of the southwestern Ayeyarwary region, will be Myanmar’s first ultra-deepwater […]
More oil and gas investments expected next year
October 24, 2019 by
U Thaung Tun, Union Minister for Investment and Foreign Economic Relations, is expecting foreign direct investments in the offshore oil and gas industry to increase in 2020, once proposals for exploration and production are received, evaluated and approved. At the 30th regular meeting of the Private Sector Development Committee with Myanmar entrepreneurs on October 19, […]
Offshore Myanmar contract goes to McDermott
October 1, 2019 by
POSCO International Corp. has awarded McDermott International, Inc. a front-end engineering design (FEED) contract for the Shwe Phase 3 gas field development offshore Myanmar, McDermott reported Tuesday. The scope of work under the contract includes FEED services for a new compression platform, a bridge link and modifications in existing platforms, McDermott notes in a written […]
Better oil and gas deals needed in the future, say experts
November 28, 2018 by
Efforts must be taken to lessen Myanma Oil and Gas Enterprise’s (MOGE) tax burden from contracts signed with joint-venture firms to work offshore oil and gas fields, a report states. According to the “State-Owned Economic Enterprise Reform in Myanmar: The Case of Natural Resource Enterprises” report by the Natural Resource Governance Institute (NRGI) and Renaissance […]
State-owned Thai oil company unit to invest more in Myanmar
August 6, 2018 by
BANGKOK — Thailand’s PTT Exploration and Production, a subsidiary of Thailand’s national oil and gas conglomerate PTT, plans to greatly expand its investment in Myanmar. The company aims to join a new round of bidding for oil and gas exploration rights, due to open by the end of this year, in hopes of cashing in […]
Over the last year, Myanmar’s energy sector stumbles in right direction
May 19, 2018 by
Home to one of the world’s oldest oil and gas industries, oil exploration in Myanmar began in the early Bagan era. During the reign of King Anawrahta in the Bagan Era, evidence shows that the Buddha’s Three Teachings were coated with oil to prevent damage. With the nationalisation of the oil industry in 1963, the […]
Myanmar current gov’t allows 38 offshore blocks for gas exploration tender
January 29, 2016 by
Subscribe to our tender alert mailing list Myanmar’s current term of government has allowed 38 offshore blocks for tender for gas exploration, leaving 13 blocks for further undertaking, an official report said Wednesday. There have been a total of 51 offshore blocks reserved for gas exploration tender. In addition, there are also 53 onshore blocks […]
Shell to Start Oil Exploration This Month
September 30, 2015 by
The government had earlier invited tenders from international companies for onshore and offshore exploration of oil and gas and Shell won the rights for AD9 and AD11 offshore sites in Rakhine and the MD5 site in Tanintharyi. Shell will partner with Japan-based Mitsui Oil Exploration Co Ltd. The Japanese group will also own 10 percent […]
