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Offshore Myanmar contract goes to McDermott

POSCO International Corp. has awarded McDermott International, Inc. a front-end engineering design (FEED) contract for the Shwe Phase 3 gas field development offshore Myanmar, McDermott reported Tuesday. The scope of work under the contract includes FEED services for a new compression platform, a bridge link and modifications in existing platforms, McDermott notes in a written […]

Better oil and gas deals needed in the future, say experts

Efforts must be taken to lessen Myanma Oil and Gas Enterprise’s (MOGE) tax burden from contracts signed with joint-venture firms to work offshore oil and gas fields, a report states. According to the “State-Owned Economic Enterprise Reform in Myanmar: The Case of Natural Resource Enterprises” report by the Natural Resource Governance Institute (NRGI) and Renaissance […]

State-owned Thai oil company unit to invest more in Myanmar

BANGKOK — Thailand’s PTT Exploration and Production, a subsidiary of Thailand’s national oil and gas conglomerate PTT, plans to greatly expand its investment in Myanmar. The company aims to join a new round of bidding for oil and gas exploration rights, due to open by the end of this year, in hopes of cashing in […]

Myanmar Port Authority to accept a new Tug Boat

A new Tug Boat constructed by Myanmar Shipyards Joint Venture Company will be transferred to Myanmar Port Authority according to Myanmar Port Authority. “The boat has been constructed and it is now on a test run. Soon, we’ll be transferring it to the Myanmar Port Authority,” said an unnamed official from Myanmar Shipyards Joint Venture […]

Myanmar builds US$20.9 M worth offshore fixed pilot station

Myanmar is building a US$20.9 million worth offshore fixed pilot station, according to Myanma Port Authority (MPA). International bulk carriers enters Yangon port from the mouth of the sea 67 kilometers away from Yangon. Chief navigation officers from the MPA gave command and controlled the carriers to enter and exit the port safely. Currently the […]

Over the last year, Myanmar’s energy sector stumbles in right direction

Home to one of the world’s oldest oil and gas industries, oil exploration in Myanmar began in the early Bagan era. During the reign of King Anawrahta in the Bagan Era, evidence shows that the Buddha’s Three Teachings were coated with oil to prevent damage. With the nationalisation of the oil industry in 1963, the […]

Myanmar current gov’t allows 38 offshore blocks for gas exploration tender

Subscribe to our tender alert mailing list Myanmar’s current term of government has allowed 38 offshore blocks for tender for gas exploration, leaving 13 blocks for further undertaking, an official report said Wednesday. There have been a total of 51 offshore blocks reserved for gas exploration tender. In addition, there are also 53 onshore blocks […]

Shell to Start Oil Exploration This Month

The government had earlier invited tenders from international companies for onshore and offshore exploration of oil and gas and Shell won the rights for AD9 and AD11 offshore sites in Rakhine and the MD5 site in Tanintharyi. Shell will partner with Japan-based Mitsui Oil Exploration Co Ltd. The Japanese group will also own 10 percent […]

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 […]

MOGE to invite offshore supply base bids

Myanma Oil and Gas Enterprise (MOGE) will invite local and foreign companies to submit proposals for the development of a new offshore supply base, according to an official. “There will be no tender for the supply base project as we have already discussed it with private companies. We will ask them to submit proposals in […]