Human rights groups and industry executives have slammed Woodside Energy’s rationale to proceed with a major gas development and exploration campaign in Myanmar following a military coup and subsequent bloody protests.
Transparency campaigners in Myanmar have appealed to foreign upstream producers to stop paying revenue to the military-led government which seized power in coup on 1 February.
Myanmar’s transition towards renewable energy sources will face near-term headwinds after the recent military coup. However, analysts are more optimistic over the medium to longer term given the dominance of Chinese companies in the sector.
There is a high risk that political turmoil in Myanmar will negatively affect the energy sector, however, Chinese companies look set to benefit from the tumultuous environment, according to Fitch Solutions Country Risk & Industry Research.
Malaysian national oil company (NOC) Petronas said that it is making every effort to ensure the safety of about 155 workers that are sub-contracted on a barge servicing its Yetagun platform in the Andaman Sea off Myanmar following the military coup.
The bloodless military coup in Myanmar has triggered some upstream companies to assess whether they should activate force majeure clauses in their production-sharing contracts (PSCs) with the government.
The atmosphere in Myanmar remains volatile after the military seized power from the National League for Democracy (NLD) government and is creating logistical challenges for upstream companies, including Woodside Energy, that operate in the country.
Myanmar faces a potential energy crunch following a bloodless military coup that is set to delay urgent upstream investment and derail vital liquefied natural gas (LNG) import projects.
The apparent overthrow of the Aung San Suu Kyi administration by the Myanmar military threatens more than $1 billion of potential upstream investment in the Southeast Asian nation.
With Myanmar’s general elections in the rearview mirror, upstream development expenditure could more than double to over $1 billion by 2023 compared to this year’s spend.
Malaysia’s Petronas has delivered Myanmar’s first ever LNG cargoes. This marks the emergence of a new consumer for the fuel in the Asia region.
Looming wave of final investment decisions (FIDs) will provide massive boost for offshore oilfield service sector in Southeast Asia
McDermott International has won the front-end engineering design (FEED) contract for Posco's Shwe Phase 3 gas field development, offshore Myanmar.
A group of oil companies have postponed exploration plans for offshore Myanmar until next year in the wake of underwhelming drilling results, a news report said.
Renewable development consultant, Modern Energy Management (MEM), has been tapped by investors to facilitate wind and solar projects in Myanmar, Vietnam, Indonesia and the Philippines.
Total is in talks with Myanmar to supply the country’s most populous city, Yangon, with liquefied natural gas.
French energy major Total said today that it had started production from a gas field offshore Myanmar.
A newly built refinery in China near its border with Myanmar is facing a delay in its start-up.
A Scottish economic development agency will lead a trade mission to explore investment opportunities for oil and gas companies in Myanmar, Asia’s “final frontier”. Myanmar, also known as Burma, has vast underdeveloped oil and gas reserves and its government, which is guiding the transition to democracy after decades of military rule, is keen to develop the nation’s indigenous energy sector. Scottish Enterprise plans to use the trip to find out how Scotland’s wider supply chain can fill the gaps in Myanmar’s oil and gas supply chain.
Woodside Petroleum said it has discovered gas at its second well off Myanmar on the opposite side of the offshore Rakhine Basin where it gas in January.
Woodside Petroleum confirmed a viable oil find for its exploration campaign in Myanmar.
APR Energy has extended its 102MW project in Myanmar through next year.
Australian oil producer Tap Oil's $24.4million of exploration write downs has led to the company reporting a loss of $17.4million in its half year results.
Italian oil and gas firm Eni have signed two Production Sharing Contracts (PSC) for offshore blocks in south-east Asia.
Ophir Energy has signed a production sharing contract with the Myanmar Ministry of Energy. The move finalises the award of Block AD-03 offshore Myanmar, which the company has a 95% interest in.