Energy companies cut capital spending as oil price drops

The oil price plunge will force energy companies to slash capital spending in North America, Europe and Asia in 2015, according to a report by investment bank Evercore on January 6 highlighted in the Bangkok Post. But investment will continue to rise in Africa and the Middle East as producers in those areas seek to […]

Oil and gas and the debate over ‘quality’ investment

Not enough Myanmar companies are benefitting from foreign investment in the oil and gas sector, says Parami Energy group chairman and chief executive officer U Ken Tun. U Ken Tun says that of the companies operating in or providing services to the sector, fewer than five percent are Myanmar. Most of the foreign companies in […]

Local oil and gas firms form new association

Local energy companies seeking a bigger share in the exploration and production of the country’s oil and gas resources have formed MOGSS, the Myanmar Oil and Gas Services Society, the group announced at a press conference last week. The formation of the group comes at a time when international energy giants are poised to enter […]