Oil and Gas Industry

More oil and gas investments expected next year

October 24, 2019 by Thiha

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, […]

Filed Under: Latest News Tagged With: A6 block Shwe Yee Htun-2, Commercial gas production, foreign direct investments, investments, offshore, Oil and Gas Industry, Proposals

Protests and demonstrations a key concern for extractive companies

December 19, 2018 by Thiha

Protests and demonstrations pose a serious security threat to the oil and gas industry as well as mining sector in Myanmar, a recent poll among industry players showed. Yangon-based Myanmar Centre for Responsible Business (MCRB) organised workshops aiming to raise awareness of the relevance of Voluntary Principles on Security and Human Rights (VPSHR) for Myanmar’s […]

Filed Under: Latest News Tagged With: armed groups, Chevron, copper-mine, Douglas Barnes, EIA, Environmental Impact Assessment, extractives industry, gemstones sector, gold, human rights, International Alert, international trade, Letpadaungtaung, MCRB, mining, Mining Sector, Myanmar, Myanmar Centre for Responsible Business, natural resources control, Nay Pyi Taw, Oil and Gas Industry, Oil and Gas Sector, Ophir, PanAust, PeaceNexus, Protests, rakhine, Romaric Roignan, Security, Shell, Stakeholders, Total, UK Embassy, Voluntary Principles, VPSHR, Woodside Myanmar, Yangon

Verisante Announces Signing of Definitive AgreementÂ for RTO with Myanmar based SIM Co. Ltd.

July 16, 2018 by Thiha

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 […]

Filed Under: Latest News Tagged With: Acquisition Terms, Ayarwaddy, Definitive Agreement, Myanmar, offshore supply bases, Oil and Gas Industry, SIM Co. Ltd., Verisante Technology. Inc

Fuel Importers Submit Proposal for Deep-Sea Port in Yangon

July 26, 2017 by Thiha

Representatives of the oil and gas industry have submitted a business proposal to the government to a build a deep-sea port near Yangon. “We are studying the potential logistics and feasibility of a deep-sea port project 20 miles from Yangon to reduce transportation costs for maritime trade and fuel imports,” Dr Win Myint, Secretary of […]

Filed Under: Latest News Tagged With: business proposal, deep sea port, Dr Tun Naing, Dr. Win Myint, Environmental Impact Assessment, Fuel, Fuel Importers, fuel pipeline, investment, LOGISTICS, maritime trade, Myanmar Business Today, Myanmar Chamber of Commerce, Myanmar Fuel Oil Importers and Distributors Association, Myanmar Port Authority, Oil and Gas Industry, Port project, private sector, Secretary, Stakeholders, transportation costs, transportation infrastructure, Yangon, Yangon River

MOSB – the first foreign company to build an oil and gas supply base

July 18, 2017 by Thiha

MOSB Limited (MOSB), has received approval from the Myanmar Investment Commission (MIC) on 11July, 2017 to build and operate a supply base in Mon State, with the endorsement from the Ministry of Energy. The establishment of a supply base will support the fast-growing oil and gas industry in Myanmar and provide necessary infrastructure, health, education […]

Filed Under: Latest News Tagged With: 2 Fish (SG) Pte Ltd of Singapore, economic development, education, Executive Chairman, first foreign company, gas, health, local community, MIC, Ministry of Electricity and Energy, Ministry of Energy, Mon State, MOSB Limited, Mr. Leonard Oh, Myanmar, Myanmar economy, Myanmar investment commission, oil, Oil and Gas Industry, singapore, social services, standard of living, telecommunication linkages, Thailand, transportation, Two Fish Supply Base Limited, U Zaw Min Oo, Village Head of WaeKa Li Village

Enra subsidiary bags RM206mil Petronas job off Myanmar

July 13, 2017 by thiha

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 […]

Filed Under: Latest News Tagged With: Andaman Sea, coast of Myanmar, Enra Group Bhd's subsidiary, Enra SPM Sdn Bhd, mooring system, Oil and Gas Industry, PC Myanmar (Hong Kong) Ltd (PCML), Petroliam Nasional Bhd (Petronas), storage tanker services

Path clear to conclude historic energy block tender in 2014

January 21, 2014 by thiha

The past 12 months could be considered a watershed year for Myanmar’s energy sector, as the oil and gas industry saw unprecedented foreign interest. Myanmar’s proven natural gas reserves, some 7.8 trillion cubic feet, were revealed at the World Economic Forum in Nay Pyi Taw in June, but potentials of 0.42 trillion cubic feet of […]

Filed Under: Latest News Tagged With: British Virgin Island, Chief Executive, China, Christophe de Margerie, Commercial Production, competition, Energy Sector, Eni, Global Energy Giant, Increased, Ministry of Energy, moge, MPRL E&P, Myanmar, Myanmar Oil and Gas Enterprise, Natural Gas Onshore, Oil and Gas Industry, ONGC Videsh, Petronas Carigali, Royalty Fee, Thailand, Total, tycoon, U Moe Myint, world economic forum

2014 Promises to Be a Boom Year for Myanmar’s Gas and Oil Industry

January 3, 2014 by thiha

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 […]

Filed Under: Latest News Tagged With: announced, Asian Bidders, awarded, Bidders, Chevron, ConocoPhillips, Convention Center, Energy Investments, Held, Improve the Climate, Investor Interest, License Winners, Ministry of Energy, Mitsui Oil, Offshore Exploration Licenses, Oil & Gas Myanmar 2014, Oil and Gas Industry, Oil Industry Exhibitions, OVL, Petronas, PTTEP, Shell, Total, Western Global

Parami talks oil and gas – Analysis

September 27, 2013 by thiha

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 […]