Oceanic leads Myanmar’s mobile hook-up

Wellington-based Oceanic Communications has taken giant strides into what is considered one of the world’s last two bastions of mobile phone networks, Myanmar. Oceanic is part of a successful bid by global communications giant Ooredoo for one of two mobile phone licences awarded to private companies by the Myanmar (formerly Burma) Government. Ooredoo is building […]

Myanmar’s oil and gas boom fuels services scramble

YANGON — As economic and political changes brewed in Myanmar four years ago, Yadana Su Hlaing decided it was time to return home after a decade studying and working overseas to help run Smart Technical Services, the Yangon-based oil and gas support services company founded by her father, K.K. Hlaing. Her timing could not have […]

Myanmar inks new subsea internet cable deal

At the end of March, Myanmar Post and Telecommunications (MPT) signed a contract to bring a new subsea Internet cable to Myanmar. Projected to be completed in early 2016, the cable should bring more stability to the country’s often teetering Internet connection. MPT was one of 15 signatories at the construction contract signing ceremony in […]

Myanmar Buys 2.3 Million Barrels Gasoil, Jet Fuel in Annual Deals

Myanmar has awarded annual contracts to buy gasoil from PetroChina and jet fuel from a North Asian trading firm for delivery between April 2014 and March 2015, trade sources said. State-owned Myanmar Petrochemical Enterprise (MPE) has bought 1.645 million barrels of gasoil with 0.5 percent sulphur content and about 760,000 barrels of jet fuel, about […]

Myanmar Awards Offshore Oil and Gas Deals to Foreign Firms

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 […]

Scomi Energy still a ‘buy’

SCOMI ENERGY SERVICES BHD By Hong Leong Investment Bank Research Buy (maintained) Target price: RM1.02 SCOMI Energy Services Bhd has been awarded two contracts in Myanmar worth a combined RM90mil by Petronas. The contracts are from Petronas Carigali Myanmar Inc (PCMI) and Petronas Carigali Hong Kong Ltd (PCML) for the provision of drilling fluids, solid […]

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

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 […]

Digicel, Ooredoo sign Myanmar deal to construct telecommunications towers

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. YANGON—Digicel Asian Holdings, a consortium of Digicel Group, Yoma Strategic and First Myanmar Investment Co Ltd (FMI), announced today that its has signed an agreement with Ooredoo Myanmar to develop, construct and lease telecommunications towers in Myanmar. Digicel’s […]

Myanmar telecoms licence winners to be announced Thursday as planned

Thu Jun 27, 2013 10:16am IST YANGON (Reuters) – The winners of two new telecoms licences in Myanmar will be announced as planned on Thursday despite a vote in parliament to delay the process, the head of the body overseeing the bidding said. “We are ready to announce the final winners sometime today, according to […]