Three offshore gas fields see low demand from partner countries

THREE of Myanmar’s four offshore gas fields have attracted low demand for natural gas from partner countries, according to Electric Power and Energy Ministry. The Zawtika Project, the country’s largest offshore gas field has proven to be the exception. The low demand has been linked to the fall in crude oil prices in the world […]

Experts warn of ‘urgent’ need to prepare Yangon for earthquakes

Earthquake experts met in Yangon this week to draw up plans to limit the damage that a seismic event could inflict on the city and its inhabitants. The Yangon city seismic hazard assessment project, which aims to develop a sustainable city plan, was launched on February 19. The immediate result of the project will be […]

UMW Wins $51-million Myanmar Contract

Malaysia-based UMW Oil & Gas Corporation Bhd’s (UMWOG) subsidiary UMW Offshore Drilling Sdn Bhd has been awarded a contract by Thailand’s PTTEP International for the provision of drilling rig services. The contract, with an estimated value of $51.3 million, will be based in the Gulf of Mottama (Block M3) in Myanmar, where UMW will assign […]