Shell begins review of BG Myanmar assets

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. […]

Myanmar Petroleum Chemical Enterprise invites bidders for Propane and Butane; Closing Date: Nov 23, 2015

The Republic of the Union of Myanmar Ministry of Energy Myanmar Petroleum Chemical Enterprise Invitation to bid for Petrol and Gas 1. Propane for 200 ton and butane for 300 ton produced by No.1 Petroleum Industry (Minbu) and Petro Chemical industry (Than Pa Yar Kan) under Myanmar Petroleum Chemical Enterprise will be sold under a […]

Myanmar opens door for Aust mining

A burst of $US3.6 billion ($A4.85 billion) invested in Myanmar’s oil and gas sector in the past year is a green light for Australian companies involvement, Australian business representatives say. In 2014, the Myanmar government awarded 40 onshore and offshore oil and gas licences and Australia’s Woodside Petroleum is exploring two offshore areas in the […]

Thai PTTEP May Review Investment Plans if Oil Prices Fall Further

BANGKOK, Jan 6 (Reuters) – Thailand’s top oil and gas explorer, PTT Exploration and Production PCL (PTTEP), may hold off on investing in five projects including those in Myanmar, Australia and Mozambique if crude oil prices fall further. Benchmark Brent crude extended losses to touch a 5-1/2-year low of $52.28 a barrel on Tuesday, following […]

State energy firms to professionalise

The Ministry of Energy is planning to pursue more joint ventures with foreign companies, as senior government officials have urged state-owned enterprises to professionalise or risk being reformed. The energy sector includes a prominent set of state-owned firms, but tentative steps to modernise through forming joint ventures with foreign firms have already begun. The fuel […]

PTTEP earmarks $3.3 bn for Myanmar

Investment budget set till end-2018 as energy giant celebrates 25th year in neighbouring country PTT Exploration and Production (PTTEP) will invest a total of US$3.3 billion (Bt106.4 billion) in Myanmar through to the end of 2018, president and CEO Tevin Vongvanich said after celebrating the listed company’s 25th anniversary of successful operations in the neighbouring […]

Agreements inked for onshore blocks

Myanma Oil and Gas Enterprise (MOGE) signed contracts for four onshore blocks after several months’ delay on July 30, according to a statement from the ministry. The four contracts are the first of the ten production sharing contracts (PSCs) and three improved petroleum recovery contracts that need to be signed before exploration can begin on […]

Invitation to open tender for Thanlyin Refinery Joint Venture Project (TRJVP); closing date October 13, 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. The Government of the Republic of the Union of Myanmar Ministry of Energy Invitation to Tender Thanlyin Refinery Joint Venture Project (TRJVP) Tender No. (1-TRJVP/2014-2015) The Myanma Petrochemical Enterprise (MPE), a State-owned Enterprise of the Republic of the […]