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 aims high for gas discoveries in the future

THE RECENT discovery of gas in Block A-6 is just the first of numerous discoveries in Myanmar, which remains an attractive frontier for international oil and gas companies despite a plunge in petroleum prices, energy officials say. Than Minn, director for planning of Myanmar Oil and Gas Enterprise (MOGE), said the country had very great […]

ConocoPhillips and Statoil sign deal for deepwater block

Norway’s Statoil and US-based ConocoPhillips will invest more than US$300 million in the exploration and production of offshore oil and gas in Myanmar, according to an official from the Ministry of Energy (MOE). The two international oil companies signed a Production Sharing Contract (PSC) for deepwater block AD-10, located off Myanmar’s Rakhine coast, on April […]

Myanmar tells Australia it’s open for business

Myanmar has extended the welcome mat and the world is beating a path its door. But not many companies from Australia are joining the rush. Glenn Robinson, the Chairman of the Australia-Myanmar Chamber of Commerce, is with the largest commercial delegation to yet visit Myanmar from Australia. He says even Australian mining companies which are […]