Oil and gas stumbles with price drop

Some offshore exploration activities have been delayed and natural gas exports are generating lower income. Benchmark West Texas Intermediate crude for October delivery traded for US$44.02 yesterday on global markets, vastly different from a year ago, when crude was above $100 a barrel. Faced with dropping prices without a commensurate drop in costs, many energy […]

Singapore-based Company to conduct oil-gas exploration in Myanmar

YANGON, A Singapore-based company will cooperate with Myanmar’s state enterprise and private company in oil and gas exploration in one more offshore block in the Southeast Asian country, local media reported on Sunday. The undertaking at the Mottama offshore M-8 block is to be carried out under a production sharing contract signed between the Berlanga […]