A general view of the Iranian South Pars quarter one (SPQ1) gas platform in the Persian gulf waters in 2011. Photo: EPA Fresh bidding rounds for offshore and onshore oil and gas blocks will be called during the first and second quarters of 2019, according to...
Read MoreWeststar has been unable to provide its helicopters services in Myanmar. Photo - Supplied Weststar Aviation Service, which won a tender for providing helicopter services to offshore oilfields in Myanmar in April last year, is experiencing losses as it has yet to receive approval from the...
Read MoreThe government expects to receive more than US$2 billion from the oil and natural gas sector in 2018-19, according to its Union Budget proposal, which was distributed to members of parliament yesterday. In this year’s proposed account, a breakdown was given on expected income and expenditure...
Read MoreAn Iraqi worker points at an oil plant in Baghdad. Photo - EPA Set-listed PTT Exploration and Production Plc (PTTEP) is proposing that Myanmar’s energy policymakers develop and operate a large gas-fired power plant to tap surging demand for energy there. If the project goes forward, it...
Read MoreAn offshore oil platform in the North Sea. Photo: EPA Last week, the Ministry of Electricity and Energy (MOEE) confirmed in a press conference that it would start holding tenders for offshore oil and gas production in Myanmar by the end of the year.“Tender rounds will...
Read MoreThe Ministry of Electricity and Energy (MOEE) will hold tenders for offshore oil and gas production in Myanmar by the end of the year, Daw Khin Htay, director from state-owned Myanma Oil and Gas Enterprise (MOGE) said during a July 13 press conference. “Tender rounds...
Read MoreWoodside is seeking to balance production and conserving the environment in Myanmar. Photo - EPA Australia’s Woodside Petroleum will raise attempts to protect the Myanmar environment even as it mulls the commercial viability of developing gas reserves in Block A6 , which is off the coast...
Read MoreGenerators are mandatory due to frequent power outages. Zarni Phyo/The Myanmar Times At a Yangon energy seminar last week, industry insiders agreed that demand for electricity in Myanmar is rising much faster than supply can keep up with it. However, views on how best to solve...
Read MoreThe government will soon launch tenders for the construction of at least two oil refineries, now “urgently required” on the back of rising demand and higher oil prices, which has led to a much higher petrol import bill of late. “We will need one big oil...
Read MoreOil and gas responsible for half the country’s debt. Photo - EPA While being the highest generator of revenue for the country, the oil and gas industry is also responsible for accepting half of the loans taken by the country, said Daw Moe Moe Tun, civil...
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