Energy Advisor Woos Investors, But Hints at “Dark Forces”

U Soe Myint, a national energy sector advisor to the Asian Development Bank and former director general of Ministry of Energy’s Energy Planning Department, told a business seminar that more foreign investment is needed in the oil and gas sector, but they should be aware of uncertainty. He said that in addition to oil exploration, […]

Indonesia’s Wintermar expands into Myanmar

Offshore vessel services (OVS) firm Wintermar Offshore Marine is seeking to expand to other Southeast Asian countries to cope with the decline in oil and gas activities in Indonesia, the company’s executive has said. President director Sugiman Layanto said that his company was exploring the opportunity to operate in Myanmar, Vietnam and Brunei Darussalam to […]

ConocoPhillips and Statoil sign deal for deepwater block

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 […]

Former Norway Envoy’s Telenor Move Raises Eyebrows

The May 16 announcement that Norway’s former ambassador to Myanmar, Katja Nordgaard, will soon take a position with Telenor, the majority state-owned Norwegian telecommunications firm that signed a lucrative deal with Myanmar’s government last year, has prompted concern from some quarters about the ethics of what they see as just the latest example of an […]

Myanmar’s oil and gas boom fuels services scramble

YANGON — As economic and political changes brewed in Myanmar four years ago, Yadana Su Hlaing decided it was time to return home after a decade studying and working overseas to help run Smart Technical Services, the Yangon-based oil and gas support services company founded by her father, K.K. Hlaing. Her timing could not have […]

Norway looks to Thai gateway to Myanmar

Norway aims to turn Thailand, its seventh-biggest trading partner in Asia, into a gateway for its businesses and investments in Myanmar, according to top Norwegian officials. Last week, the Nordic country launched its fifth annual “Norway-Asia Business Summit” in Bangkok, which was followed by a similar event in Yangon, as both Thailand and Myanmar are […]

Myanmar Awards Offshore Oil and Gas Deals to Foreign Firms

YANGON — Myanmar’s Ministry of Energy on Wednesday announced that it has awarded international firms, mostly from Western nations, 20 areas in its waters to explore for oil and gas. The government has invited international firms to come in and help bolster state revenues by tapping into Myanmar’s oil and gas reserves, and large multinationals […]

Deutsche says Myanmar is “potentially exciting” frontier play

Offshore Myanmar, where Ophir Energy (LON:OPHR) this week staked its first non-African acreage, is a potentially exciting frontier play, according to Deutsche Bank. Analyst Lucas Herrmann highlights it has proven hydrocarbon potential both onshore and more recently via two gas developments, Schwe & Mya, in the shallow offshore. Ophir was among a group of major […]

Energy giants win Myanmar offshore oil and gas blocks

YANGON: Myanmar named energy giants Chevron, Shell and Total among the winners Wednesday of a landmark auction of offshore oil and gas exploration rights, pinning hope on its natural resources to drive economic growth. The country, left impoverished by nearly five decades of isolation under military rule, has been the subject of feverish interest by […]

Myanmar Offshore Oil & Gas Tender Winner List

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. The Government of The Republic of The Union of Myanmar Ministry of Energy Dated: 26th March, 2014 Selected Candidates and Related Blocks for Myanmar Offshore Blocks Bidding Round-2013 The Ministry of Energy of the Republic of the Union […]