Women Nobel Laureates Urge Oil Businesses to Stay Clear of Burma

Published on Mar 06 2010 // News Update
Women Nobel Laureates Urge Oil Businesses to Stay Clear of Burma
A group of Nobel Peace Prize recipients is urging oil and gas companies to avoid doing business in Burma. Sources: Irrawaddy News Weekly Business Roundup (March 6, 2010) The energy exploration and production industry in Burma uses slave labor and steals land from ordinary Burmese people, the Nobel Women’s...

Steel-making Giant Bids to Take Over Shwe Gas Development

Published on Mar 06 2010 // News Update
Steel-making Giant Bids to Take Over Shwe Gas Development
News Weekly Business Roundup (March 6, 2010) The Pohang Iron and Steel Company, known as POSCO, is seeking a controlling stake in South Korea’s Daewoo International, which heads the foreign consortium developing the Bay of Bengal gas field. POSCO is a multi-billion dollar business ranked as...

India invests $1.35m in Burma gas

Published on Mar 04 2010 // News Update
India invests $1.35m in Burma gas
March 4, 2010: India is investing $US1.35 billion in gas projects in military-ruled Burma, the two governments have announced, as the neighbouring nations pursue closer economic and diplomatic ties. Sources: Democratic Voices of Burma India’s Oil and Natural Gas Corp (ONGC) and Gas Authority...

POSCO in bid for Shwe operator

Published on Mar 03 2010 // News Update
March 3, 2010: South Korea’s steelmaker POSCO has submitted a bid for a controlling stake in Daewoo International, operator of Burmese Shwe gas project, to Korea Asset Management Corporation (KAMCO). Sources: Upstream Online KAMCO is leading the stake sale as the largest shareholder, according...

S. Korea Increases Stake in Shwe Gas Project

Published on Mar 02 2010 // News Update
March 2, 2010: South Korea’s business stranglehold on Burma’s major offshore Shwe gas field development has been underlined by the US $1.4 billion contract awarded to Hyundai Heavy Industries by Daewoo International. Sources: Irrawaddy News Weekly Business Roundup (March 2, 2010) Although the...