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, […]
Verisante Announces Signing of Definitive Agreement for RTO with Myanmar based SIM Co. Ltd.
July 16, 2018 by
Vancouver, British Columbia–(Newsfile Corp. – July 9, 2018) – Verisante Technology, Inc. (TSXV: VRS) (the “Company” or “Verisante”), is pleased to announce it has entered into a Definitive Agreement with Myanmar based SIM Co. Ltd. (“SIM”) dated June 30, 2018, whereby VRS shall acquire all the issued and outstanding common shares of SIM, a land […]
Enra subsidiary bags RM206mil Petronas job off Myanmar
July 13, 2017 by
KUALA LUMPUR: Enra Group Bhd’s subsidiary has bagged a US$48mil (RM206mil) contract to provide a mooring system and storage tanker services to Petroliam Nasional Bhd (Petronas) in the Andaman Sea, off the coast of Myanmar. The oil and gas services provider said on Monday its 60%-owned Enra SPM Sdn Bhd had accepted a letter of […]
2014 Promises to Be a Boom Year for Myanmar’s Gas and Oil Industry
January 3, 2014 by
Myanmar will be the focus of attention in the international oil and gas industry in 2014 as a batch of major offshore exploration licenses are awarded and more blocks are expected to be put up for foreign bidding. Against that background, Myanmar is to host two major international oil industry exhibitions in Yangon to attract […]
Parami talks oil and gas – Analysis
September 27, 2013 by
Parami Energy Development is a branch of the Parami Group of Companies, working in the oil and gas industry in Myanmar. Parami CEO U Ken Tun here discusses Myanmar’s energy sector, including his view of investment, local requirements, production and exports. In the last bidding round in 2012, the government awarded seven international exploration companies […]
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