fetching latest news

News tagged in:  

Myanmar NEWS

Myanmar’s oil and gas tenders by year-end
July 16, 2018
Source: Myanmar Times

Myanmar’s oil and gas tenders by year-end

Myanmar’s Ministry of Electricity and Energy (MOEE) on Friday announced that the tenders for the country’s offshore oil and gas production will be floated by the end of this year. Though international oil and gas companies will have access to the tender rounds, the rule that necessitates them to partner with local players for operations will most likely be relaxed. Myanmar presently holds 53 onshore blocks and 51 offshore blocks.

POSCO DAEWOO hands contract to McDermott and BHGE
June 28, 2018
Source: Business Wire

POSCO DAEWOO hands contract to McDermott and BHGE

POSCO DAEWOO Corp. has handed a contract relating to phase two of the Shwe gas field development, offshore Western Myanmar, to McDermott International, Inc. and BHGE. The McDermott-led consortium won a FEED competition in 2017 followed by the execution of EPCIC tender, leading to the award of this project. The scope of EPCIC covers subsea umbilicals, risers, and flowlines (SURF) and subsea production systems (SPS) for an eight-subsea-well development.

India to build an oil pipeline from its east coast to Myanmar
March 24, 2018
Source: Economic Times

India to build an oil pipeline from its east coast to Myanmar

India has proposed to build a pipeline from it’s east coast to deliver oil products to Myanmar. Zaw Aung, DG of the Ministry of Electricity and Energy’s oil and gas planning department said, “We have already connected (oil and gas) pipelines to China and Thailand, and we considered connecting (oil) pipelines to India as well as Bangladesh. This is under consideration to share petroleum products,” at the OTC Asia Conference.

McDermott to bid for USD 5 bn in Asia offshore oil and gas contracts
March 22, 2018

McDermott to bid for USD 5 bn in Asia offshore oil and gas contracts

McDermott International, the US engineering and construction company, is all set to bid for $5 billion contracts in the Asia Pacific as the region’s offshore oil and gas sector is slowly recovering. The company plans to place 20 bids for projects in Malaysia, India, Australia, Vietnam, Indonesia and Myanmar. Steady global oil prices with marked cost reductions in the upstream sector are encouraging companies to expand investments.

Please Login to Save News for Later