Thai PTTEP Says Keen To Buy Chevron’s Stake In Myanmar Gas Field

PTT Exploration and Production Pcl (PTTEP), Thailand’s largest oil and gas explorer, said on May 24 it was keen to buy a stake in Yadana gas field in Myanmar from Chevron Corp. (NYSE: CVX). PTTEP, the flagship in the upstream business of PTT Pcl, was in talks to buy stakes in several oil and gas […]

Energy dilemma

Myanmar needs oil and gas revenue to spur its economy and new discoveries to feed its growing energy appetite, but low oil prices could bring cutbacks in exploration. Myanmar is bracing for a rougher ride after a few years of giddy economic expansion as foreign direct investment slows amid falling oil prices and global uncertainty. […]