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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 […]

Biggest slice yet for onshore local partners

The two latest production sharing contracts for onshore oil and gas includes the biggest share yet for the local partner. Myanmar company Young Investment Group will have a 25 percent stake in onshore blocks C-1 and H, with state-owned Myanma Oil and Gas Enterprise and Young’s Canadian partners Pacific Hunt Energy Corporation controlling the rest. […]

Local oil and gas firms form new association

Local energy companies seeking a bigger share in the exploration and production of the country’s oil and gas resources have formed MOGSS, the Myanmar Oil and Gas Services Society, the group announced at a press conference last week. The formation of the group comes at a time when international energy giants are poised to enter […]