Businesses did not have a positive outlook on the Myanmar business sector last year with falling confidence and firms pulling out of Myanmar. However, with the arrival of a new year, things seem to be looking more optimistic for some sectors. Our reporters have interviewed insiders and experts from five business sectors on their views […]
Changes in petroleum law could give Myanmar a boost in oil and gas investments
January 9, 2019 by
Changes in a petroleum law in Myanmar could help the Southeast Asian country attract investment in to the oil and gas sector, while reducing the growing strain on depleting domestic oil and gas reserves, according to a report by Fitch Solutions Macro Research. With Myanmar among the few under-explored upstream markets in Asia and interest […]
North Petro Chem Corporation Ltd of China exploring gas field in Ngahlaingtwin area
July 11, 2017 by
Deputy Minister for Electricity and Energy Dr. Tun Naing described joint oil and gas exploration and production projects between Myanma Oil & Gas Enterprise (MOGE) and North Petro Chem Corporation Ltd of China to yesterday’s meeting of the Amyotha Hluttaw. The deputy minister said North Petro Chem Corporation Ltd signed a PSC with MOGE for […]
No Further Bidding Round for PSC Blocks
June 7, 2017 by
There are no immediate plans to hold another bidding round for the oil and gas blocks in Myanmar, a senior official from the Ministry of Electricity and Energy (MOEE) told The Myanmar Times. “No plan has been made for a new bidding round. There isn’t any plan under arrangement on the management level,” he said. Bidding […]
Posco Daewoo assigned for deep sea gas exploration in Bay of Bengal
March 21, 2017 by
State-owned Petrobangla on Tuesday entered into the final deal with Posco Daewoo International Corporation to award it the deep sea (DS) gas block -12 in the Bay of Bengal for hydrocarbon exploration. Under the deal, the South Korean oil major will invest between $60-120 million in the next five years for conducting 2D and 3D […]
ConocoPhillips and Statoil sign deal for deepwater block
May 5, 2015 by
Norway’s Statoil and US-based ConocoPhillips will invest more than US$300 million in the exploration and production of offshore oil and gas in Myanmar, according to an official from the Ministry of Energy (MOE). The two international oil companies signed a Production Sharing Contract (PSC) for deepwater block AD-10, located off Myanmar’s Rakhine coast, on April […]
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