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Total and Woodside ink deal with Myanmar for offshore gas project

YANGON — French energy company Total and Australia’s Woodside Energy, along with their local partner, have agreed with the government of Myanmar on financial terms for an offshore natural gas project. The A-6 project, an offshore field in the Bay of Bengal off the coast of the southwestern Ayeyarwary region, will be Myanmar’s first ultra-deepwater […]

Korea’s Posco and U.S. Firm McDermott Sign Deal for Gas Project

South Korea’s Posco International Corp. recently signed a front-end engineering design (FEED) contract with U.S. energy firm McDermott for the third-stage project of the Shwe gas field development. The agreement covers increasing production at Shwe and Shwe Phyu gas fields in A-1 block and Mya field in the offshore A-3 block as well as designs […]

Thailand’s PTT poised to gain from Myanmar deal

THAI and Myanmar officials will sign a memorandum of agreement at a meeting of Asean energy ministers next month that will take energy giant PTT a step closer towards a major gas project across the border. The singing of the agreement will pave the way for PTT to conduct a study on a Bt20 billion […]

Over 140 joint ventures in Myanmar’s growing oil and gas sector

The number of joint ventures between local and international energy companies now exceeds 140 say officials from the Ministry of Energy. According to Myanmar’s most recent foreign investment law, foreign companies are generally required to make joint ventures with local companies in order to invest in the oil and gas sector. On June 12, a […]