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Total starts Myanmar gas project
2017-05-02 - Image courtesy of Total French energy giant and LNG player Total has started up production from the Badamyar project, located offshore 220 kilometers south of Yangon in Myanmar. Total said in a statement on Tuesday the project would enable an extension of the Yadana gas field’s 8 billion cubic meters per year pro..
Kogas, Posco Daewoo ink cooperation deal
2017-02-20 - Image courtesy of Kogas South Korea's Kogas, the world's second-largest corporate LNG buyer, on Monday signed a cooperation agreement with Posco Daewoo Corp. Under the memorandum of understanding, the two companies will form a joint committee which will explore new businesses overseas and develop technological c..
Woodside ups Myanmar gas resource estimate
2016-05-20 - Australian LNG player Woodside on Friday increased its estimated contingent resource (2C) by 83 MMboe to 4,481 MMboe following two gas discoveries offshore Myanmar in Q1 2016.  Woodside discovered  32 m net gas pay (increased from an earlier 15 m net gas pay estimate) in the Block A-6 Shwe Yee Htun-1 exploration well and ..
Exclusive: Chevron puts Myanmar gas block stakes worth $1.3 billion up for sale - sources
2016-04-18 - By Denny Thomas and Anshuman Daga HONG KONG/SINGAPORE (Reuters) - U.S. oil and gas major Chevron Corp has put all of its Myanmar gas block stakes up for sale, which at a combined likely valuation of $1.3 billion (917.88 million pounds), would be the biggest deal involving Myanmar assets to date, financial sources familiar with ..
Woodside makes 2nd gas discovery offshore Myanmar
2016-02-12 - Australian LNG operator Woodside said Friday it has made a second natural gas discovery offshore Myanmar. According to a statement by Woodside, the Thalin-1A exploration well in Block AD-7 in the Rakhine Basin has intersected a gross gas column of approximately 64m. Approximately 62m of net gas pay was interpreted within the pr..
Woodside strikes gas off Myanmar
2016-01-04 - Australian LNG player Woodside said Monday it has made a natural gas discovery offshore Myanmar. The Shwe Yee Htun-1 exploration well in Block A-6 in the Rakhine Basin, located in the western offshore area of Myanmar, has intersected a gross gas column of approximately 129 m. Approximately 15 m of net gas pay is interpreted wit..
Dawei SEZ to include LNG terminal
2015-08-07 - The Myanmar government, through the Dawei Special Economic Zone Management Committee, and a consortium of private developers signed on Wednesday a concession agreement regarding the Dawei Special Economic Zone (Dawei SEZ) initial phase development. The consortium of private developers includes Italian-Thai Development Public Co..
Ophir says on track for full-year production guidance
2015-07-08 - Ophir Energy said the company's production is on track to meet expectations for the full year. Production during the first half of 2015 averaged 14,600 boepd, the Bualuang field in the Gulf of Thailand contributing 12,600 boepd, the company informed in its first half activity report. Ophir said it continued to advance and si..
PTT, Ratchaburi join forces on Myanmar FSRU
2015-06-24 - PTT of Thailand informed that it has signed deals with Ratchaburi Electricity Generating to invest in LNG terminal project and power generating facilities in Myanmar. Under the contract, PTT and Ratchaburi will look to develop the floating storage and regasification unit in Myanmar but also conduct a study on the feasibility of..
Cedigaz: LNG market in 2015 to differ from year before
2015-06-19 - In 2014, the LNG year was somehow a replica of the previous one as it was characterized by rising Asian demand, decreasing European demand and a high price differential between the two biggest LNG markets. In 2015, as the trade data of Q1 show, the dynamics are likely to be different. First data show that the pressure on the As..