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ENI to start oil exploration process in Magwe this year

Italian oil and gas company Eni Myanmar B.V (ENI) will commence oil exploration in onshore block RSF-5 located in Magawe Region by the end of the year, the company announced on May 20. Exploration work will start between November and December, it said. The block sits across 320,000 acres and ENI is allowed a six-year […]

New round of oil and gas exploration bids to be called soon

The Ministry of Electricity and Energy (MOEE) has announced that it will be calling for bids on onshore and offshore oil and gas blocks for this year. The announcement was made for 18 onshore and 15 offshore blocks in Rakhine State during the Rakhine State Investment Fair 2019 on February 22. MOEE Minister U Win […]

Posco Daewoo to invest $94.2 mn for gas well development in Myanmar

Posco Daewoo Corp., the energy development unit of South Korean steelmaker Posco, will develop new subsea wells for stable gas production near its offshore production base in the A-3 block in Myanmar with an investment of $94.2 million. Drilling of three new wells will start in the first quarter of 2020, the company announced Monday. […]

Domestic airlines will not raise airfares yet despite rising fuel prices

Despite rising global oil prices, domestic airlines have no plans yet to raise airfares to compensate for higher jet fuel costs. They said this will help encourage domestic air travel while the number of foreign travelers within the country is still low. “We haven’t increased our fares even though fuel costs have risen. We have […]

POSCO DAEWOO to invest 511.7 bln won in Myanmar gas field

POSCO DAEWOO Corp., the trading-to-energy development unit of steelmaker POSCO, said Thursday it will invest 511.7 billion won ($475 million) in a joint gas field development project in Myanmar. POSCO DAEWOO will head the joint project, in which India’s state-run Oil and Natural Gas Corporation, the Myanmar Oil and Gas Enterprise, Gail (India) Ltd. and […]

Singapore Company Plans to Expand Petroleum Exploration in Myanmar

YANGON, Aug. 17 (Xinhua) — A Singapore-based company, Interra Resources Ltd, is negotiating with Myanmar’s energy authorities to win an 11-year deal for expanding petroleum resources exploration and development in two oil fields, official media reported Thursday. The expansion project, which covers 1,800 square km, will be carried out in Chauk and Yenangyaung oil fields […]

MOGE Tender for 24 inch Yadana Offshore Domestic Gas Pipeline (13/2017) Closing Date 31 August 2017

Subscribe to our tender alert mailing list Open tenders are invited for service of the following operations in United States Dollars. Sr.No Tender No Description Remark (1) OS-001(17-18) 24″ Yadana Offshore Domestic Gas Pipeline (Side Scan Sonar Survey & Freespan Rectification) US$ Tender Closing Date &Time – 31.8.2017, 16:30 Hr Tender Document shall be available […]

Gas-fired plant in Mandalay to operate with BOT agreement

The biggest gas-fired power plant, with a capacity of 225 megawatts, will start operations in December this year in the Taungtha and Myingyan district in Mandalay Region, a senior official from the Ministry of Electricity and Energy (MOEE), told The Myanmar Times. The project, which is estimated to involve US$300 million (K410.18 billion) investment, is […]

CNPC loads first crude oil into Myanmar-China pipeline

China’s state-owned refiner China National Petroleum Corp (CNPC) said it has loaded the first crude oil through its Myanmar-to-China pipeline, the latest step towards supplying crude to its new refinery in Yunnan province. Some 1,150 cubic meters per hour of crude flowed into the 770-kilometre (480 mile) pipeline from Tuesday, CNPC said in a statement […]

China’s Trans-Myanmar Pipeline to Start Pumping Oil in May

A pipeline pumping crude oil from Myanmar ’s Rakhine coastline into Yunnan Province in China will finally be operational in May after several delays, according to the Thura Swiss market research company based in Yangon. An official from investors Southeast Asia Crude Oil Pipeline (SEAOP) was cited in local and Chinese media reports this week […]