Shell paves road to Myanmar success with its own bitumen

YANGON — Royal Dutch Shell is diversifying its operations in Myanmar, aiming to promote its brand and strengthen ties with the new civilian government. The Anglo-Dutch oil company’s primary focus in the country is offshore resource development. Recently, though, it has been pushing to sell more finished products such as bitumen and lubricants. It hopes this […]

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 […]

Energy dilemma

Myanmar needs oil and gas revenue to spur its economy and new discoveries to feed its growing energy appetite, but low oil prices could bring cutbacks in exploration. Myanmar is bracing for a rougher ride after a few years of giddy economic expansion as foreign direct investment slows amid falling oil prices and global uncertainty. […]

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. […]

Italian-Thai to construct $500m LNG terminal in Dawei, Myanmar

Thailand-based construction firm Italian-Thai Development is planning to construct a liquefied natural gas (LNG) import terminal at Dawei industrial zone Myanmar, with an investment of $500m. LNG The LNG terminal is part of the first phase of the $1.7bn Dawei project. It will be designed with an annual capacity of six million tons. The LNG […]

Despite capacity constraints, oil & gas industry still promising

Win Khaing, a member of National Energy Management Committee and chairman of United Engineering Co Ltd, said the industry itself brings a lot of opportunities for foreign investors to do business in the newly-opened nation. “Probable and possible uncontracted gas would amount to 4,000 MMCFD over 30 years. It definitely indicates the level of optimism […]

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 Awards Offshore Oil and Gas Deals to Foreign Firms

YANGON — Myanmar’s Ministry of Energy on Wednesday announced that it has awarded international firms, mostly from Western nations, 20 areas in its waters to explore for oil and gas. The government has invited international firms to come in and help bolster state revenues by tapping into Myanmar’s oil and gas reserves, and large multinationals […]

Offshore block winners announced

The Ministry of Energy today announced the winners of the highly anticipated tender to explore gas and oil in 20 offshore blocks, a list that includes several global firms including Royal Dutch Shell, US-based ConocoPhillips and France’s Total. Myanmar Oil and Gas Enterprise (MOGE) invited tenders for 30 offshore blocks in April, attracting interest from […]