India’s ONGC Videsh to get stake in Myanmar oil and gas block

Despite losing out in competitive bidding, ONGC Videsh Ltd (OVL), the overseas arm of state explorer Oil and Natural Gas Corp, may still get a stake in a deep-sea block in Myanmar. OVL had bid for two of the 10 shallow-water blocks that Myanmar had auctioned in December but drew a blank when the fields […]

Myanmar Govt Allows Oil and Gas Firms to Name Profit-Sharing Terms

In an apparent bid to make tenders to explore for oil and gas more attractive, Burma’s Ministry of Energy is inviting international companies preparing their bids to suggest their own terms for profit sharing with the government, a ministry official said Tuesday. The ministry is currently accepting bids from companies for exploration licenses on 18 […]