Maersk Drilling said on Friday that the drilling contract was for the Maersk Viking drillship. The contract is expected to start et 2019 end.  According to the drilling company, the 154-day contract is valued $33 million, including a mobilization fee. POSCO will have an option to extend the contract for one more well. The Maersk […]

GS-Caltex Corp., one of South Korea’s leading refineries, said Tuesday that it will donate 50,000 energy-saving cooking stoves to Myanmar as part of a corporate social responsibility (CSR) drive. The eco-friendly cooking stoves can reduce fuel costs by up to 66 percent and will be provided to low-income households in Myanmar that mostly rely on […]

SEOUL: South Korean steelmaker POSCO said on Monday it does not believe its unit POSCO International’s gas projects in Myanmar have a direct link to the military which seized power there in February. The unit’s gas business had existed for about 20 years, persisting through regime change, and related payments were paid to the Myanmar […]

YANGON: Singapore Petroleum Company (SPC) opened its first service station in Myanmar on Saturday (Mar 30). The joint venture with Shwe Taung Group’s Shwe Taung Energy marks SPC’s first entry into the retail energy business in Myanmar. Shwe Taung Energy operates gasoline and diesel distribution centres across the country. “Customers are promised an enhanced refuelling […]

Chief ministers of several states and regions are urging more decentralisation and less bureaucracy to speed the way to a federal system for the country. “We chief ministers are very active in inviting investments in our states and regions, but we are hampered by the central government. Without sufficient decentralisation, it will be hard to […]

One of Myanmar’s five emergency power plants will carry out test runs this month after missing an initial deadline to go live on March 31.

NAYPYITAW — Thai industrial estate developer Amata Corp. plans to build an industrial complex with an investment of $1 billion in Yangon, Myanmar’s biggest city. The complex will provide important industrial infrastructure in a nation with few global-standard industrial zones suitable for foreign companies. Amata recently signed a land lease agreement and joint venture agreement with the Myanmar Ministry […]

Thai energy company PTTEP has said it will take over the running of Myanmar’s vital Yadana gas field following the withdrawal of global giants Chevron and TotalEnergies in January.

YANGON — PTT Exploration and Production, a unit of Thailand’s state-owned energy conglomerate PTT, plans to invest $2 billion in the development of natural gas fields and power plant construction in Myanmar. The move will expand the company’s operations in the neighboring country, which is experiencing chronic power shortages.

YANGON — PTT Exploration and Production, a unit of Thailand’s state-owned energy conglomerate PTT, plans to invest $2 billion in the development of natural gas fields and power plant construction in Myanmar. The move will expand the company’s operations in the neighboring country, which is experiencing chronic power shortages.