Shell Inks Contract to Explore 3 Offshore Oil and Gas Blocks

RANGOON — Royal Dutch Shell and its Japanese partner Mitsui Oil Exploration Co., Ltd. (MOECO) signed an exploration and production sharing contract with state-owned firm Myanma Oil and Gas Enterprise (MOGE) in Naypyidaw on Thursday for three offshore deep-water blocks. The contract allows Shell to assess the potential of deep-water blocks AD-9 and AD-11 off […]

Myanmar allows 13 local, foreign companies to make investment in Dec

YANGON, Dec. 18 (Xinhua) — Myanmar has allowed two more domestic companies and 11 foreign firms totaling 13 in December alone to make investment in the country, according to the Myanmar Investment Commission on Thursday. Of the 11 foreign firms, two are to invest in joint ventures with locals. All of the companies are to […]

Myanmar companies seek joint operation with foreign counterparts in oil, gas

Myanmar’s domestic private companies are seeking joint operation with foreign counterparts in oil and gas exploration and production on mutually beneficial basis, local media reported Friday. A total of 154 Myanmar companies have bid with the Ministry of Energy for the move in onshore and offshore areas of the country but restricted to offshore blocks […]