Myanmar citizens hope for positive change after government shake-up

Myanmar’s new government is expected to announce its cabinet line-up for 18 of the 21 ministries next week, and the public have expressed hope that they will be able to see a positive change. YANGON: Myanmar’s new government is expected to announce its cabinet line-up for 18 of the 21 ministries next week. Key ministries […]

Myanmar Sees Increased Offshore Exploration Work in Late 2015/Early 2016

Myanmar, one of the few frontier areas for petroleum exploration in Southeast Asia, expected to see a rise in exploratory activities by local and international oil and gas companies — who have been granted onshore and offshore blocks earlier — in late 2015 and early 2016, local media Eleven reported. “The [Myanmar] government gave the […]

Oil and gas exploration to start this year

Successful bidders for oil and gas contracts will start exploration in late 2015 or early 2016, according to a conference on the potential of the oil and gas sector held at the Union of Myanmar Federation of Chambers of Commerce and Industry in Yangon. Dr Aung Kyaw Htoo, managing director of Dare Co Ltd, said: […]

Shell Myanmar Energy to spend US$1.2 bn on offshore oil exploration

Shell Myanmar Energy is poised to spend US$1.2 billion on offshore oil and gas exploration and provide $61 million as a signature bonus to state-run Myanmar Oil and Gas Enterprise (MOGE) , the Energy Ministry has announced. The company has the green light to run two sites (AD-9 and AD-11) in Rakhine State and one […]

New investment regulations will benefit Myanmar and its investors

Oil and gas industry experts have said that the new regulations for oil and gas exploration bids will benefit Myanmar financially and promote investment sharing. The Ministry of Energy has released the new Standard Regulations (PSC/IPR) for interested bidders on oil and gas blocks in Myanmar. Under the new regulations, the country will have 2.5% […]