Myanmar offshore exploration continues despite low oil prices

Myanmar authorities announced the latest offshore activities last week through state-run newspapers. International companies have now started surveys at almost half of all blocks awarded in the 2013 bidding round. Meanwhile, production remains steady at Myanmar’s existing offshore gas fields – Yadana, Yetagun, Shwe and Zawtika – officials said. France’s Total E&P Myanmar launched 2D […]

Puma Energy beats PTT in Myanmar’s jet fuel business deal

Singapore-based Puma Energy Group has won the bid to import and distribute jet fuel to airlines at Yangon International Airport. The three other shortlisted companies were PTT and Bangkok Aviation Fuel Services from Thailand and Singapore Petroleum. A total of 23 companies applied for the licence with the Energy Ministry. PTT was the runner-up. A […]

No winner for Thanlyin Oil Refinery

The Ministry of Energy will call another tender to refurbish the Thanlyin oil refinery, after the previous candidates have fallen short. In January, it was announced that two firms – Thailand’s PTT and Singapore’s Puma Energy – had been shortlisted, after about 20 international and local companies had flagged interest. Ministry of Energy director U […]

19 foreign companies signal interest in LPG joint venture tender

Nearly all of the 19 foreign companies submitting letters of expression of interest for a joint venture Liquefied Petroleum Gas (LPG) project have done so with a local partner, according to an announcement. The tender winner is to partner with state-owned Myanma Petrochemical Enterprise to import and distribute the fuel, which is a staple cooking […]

Thailand’s PTT says Myanmar Gas Fields to Shut for Maintenance in April

BANGKOK, March 5 (Reuters) – Thailand’s sole natural gas supplier PTT PCL said on Thursday that three fields in Myanmar would be shut down for maintenance in April. Thailand uses natural gas to generate nearly 70 percent of its electricity, and about a fifth of its supplies are imported from Myanmar. Two major gas fields, […]

Puma and PTT left standing in race for refinery

a href=”” target=”_blank”> Two firms are still competing for the rights to join Myanmar Petrochemical Enterprise in refitting for the Thanlyin Refinery Joint Venture Project, according to a statement. Although about 20 international companies had initially signaled interest in the project, only four submitted proposals. The list has now been narrowed to two, PTT and […]

PTT plans distribution hub for LNG in Myanmar

PTT is conducting a feasibility study into the construction an LNG (liquefied natural gas) distribution/receiving terminal with an annual capacity of 5 million tonnes in Myanmar, in order to facilitate onshore LNG transportation to Thailand. The facility would be built not far from the Dawei industrial-estate zone at a location where the distribution pipelines for […]

PTT Expands Lubricant Business in Myanmar

Thai petroleum industry leader PTT expanded its lubricant oil business in Myanmar by signing a deal appointing a local firm as its dealer in the country. Tunn Star became the sole dealer of PTT’s lubricant products in Myanmar for five years, according to the contract. PTT and Tunn Star have developed lubricant products in Myanmar […]

Thailand’s PTT awaits Myanmar Policy

The energy giant PTT Plc has been reluctant to invest in the retail oil business in Myanmar as part of its aggressive expansion plan in Southeast Asia, citing unclear regulations in the previously military-ruled country. PTT executives led by chief executive and president Pailin Chuchottaworn attend yesterday’s shareholders’ meeting. Senior executive vice-president Auttapol Rerkpiboon said […]

PTT plans more investment in Myanmar

PTT is geared up to pour billions of US dollar investment into Myanmar, to extend its presence from the upstream oil and petroleum business to downstream, said its president and CEO Pailin Chuchottaworn. Following billions of US dollar investment in the past years by PTT Exploration and Production (PTTEP), the national oil and gas company […]