Woodside set to sign for 25% Leviathan stake as Myanmar approves exploration acreage

Woodside Petroleum’s offshore expansion has taken a large step forward with the group expected to sign final agreements overnight Thursday to take up a quarter stake in Israel’s giant Leviathan project, just as it was awarded additional exploration acreage in Myanmar. Woodside is finalising the purchase of a 25 per cent stake in the Leviathan […]

Deutsche says Myanmar is “potentially exciting” frontier play

Offshore Myanmar, where Ophir Energy (LON:OPHR) this week staked its first non-African acreage, is a potentially exciting frontier play, according to Deutsche Bank. Analyst Lucas Herrmann highlights it has proven hydrocarbon potential both onshore and more recently via two gas developments, Schwe & Mya, in the shallow offshore. Ophir was among a group of major […]