Australia’s Woodside Petroleum (WPL.AX) and its partners have deferred gas exploration plans in Myanmar until 2018 after some disappointing drilling results, according to four people familiar with the situation. Woodside and its partner, French oil and gas major Total TOTF.SA, have targeted Myanmar as a key source of growth, as it is rich in gas […]
Myanmar offshore exploration continues despite low oil prices
May 4, 2016 by
Myanmar authorities announced the latest offshore activities last week through state-run newspapers. International companies have now started surveys at almost half of all blocks awarded in the 2013 bidding round. Meanwhile, production remains steady at Myanmar’s existing offshore gas fields – Yadana, Yetagun, Shwe and Zawtika – officials said. France’s Total E&P Myanmar launched 2D […]
Energy dilemma
March 15, 2016 by
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. […]
Shell begins review of BG Myanmar assets
February 23, 2016 by
Royal Dutch Shell has embarked on a detailed review of BG Group’s assets in Myanmar after the international oil giant completed a US$53 billion acquisition of its British rival on February 15. The two companies have been in discussions about the sale since 2014, but their Myanmar assets have not yet been combined, officials said. […]
Italian-Thai to construct $500m LNG terminal in Dawei, Myanmar
August 17, 2015 by
Thailand-based construction firm Italian-Thai Development is planning to construct a liquefied natural gas (LNG) import terminal at Dawei industrial zone Myanmar, with an investment of $500m. LNG The LNG terminal is part of the first phase of the $1.7bn Dawei project. It will be designed with an annual capacity of six million tons. The LNG […]
Myanmar Awards Offshore Oil and Gas Deals to Foreign Firms
March 31, 2014 by
YANGON — Myanmar’s Ministry of Energy on Wednesday announced that it has awarded international firms, mostly from Western nations, 20 areas in its waters to explore for oil and gas. The government has invited international firms to come in and help bolster state revenues by tapping into Myanmar’s oil and gas reserves, and large multinationals […]
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