UPDATE 1-Jubilant to invest $80 mln in Myanmar oil and gas block

Published on Jan 10 2012 // News Update
UPDATE 1-Jubilant to invest $80 mln in Myanmar oil and gas block
Tue Jan 10, 2012 2:15am EST * Wins one block in Myanmar, in negotiation for another * Likely to sign production sharing contract in 2-3 weeks * To hold 78 pct stake in block, balance with local partner By Prashant Mehra MUMBAI, Jan 10 (Reuters) – London-listed explorer Jubilant Energy expects...

4,000-MW power plant project cancelled in Dawei

Published on Jan 10 2012 // News Update
4,000-MW power plant project cancelled in Dawei
Monday, 09 January 2012 15:12 Mizzima News – Mizzima News The No. 2 Electrical Power Ministry Minister Zaw Min said on Monday that a 4,000-megawatt coal-fired power plant project to built in the Dawei special economic zone in southern Burma will be cancelled. The minister made the announcement...

Asian firms shine investing spotlight on Myanmar

Published on Jan 10 2012 // News Update
Asian firms shine investing spotlight on Myanmar
By Ploy Ten Kate and Yoko Kubota BANGKOK/TOKYO • As Myanmar emerges from a half century of isolation, Asian companies with high tolerance for risk are sizing up business opportunities in what was once one of Asia’s wealthiest nations. But “first mover” advantage won’t necessarily count for...

What beckons for Burma in 2012?

Published on Jan 10 2012 // News Update
What beckons for Burma in 2012?
  By FRANCIS WADE Published: 9 January 2012 The past two months have seen a flurry of international activity from Burma, including high-profile visits from George Soros, Hillary Clinton and William Hague (Reuters) Following British Foreign Secretary William Hague’s visit to Burma last week,...

Asian firms shine investing spotlight on Myanmar

Published on Jan 10 2012 // News Update
Asian firms shine investing spotlight on Myanmar
Reuters  Jan 9, 2012 – 1:05 PM ET By Ploy Ten Kate and Yoko Kubota BANGKOK/TOKYO • As Myanmar emerges from a half century of isolation, Asian companies with high tolerance for risk are sizing up business opportunities in what was once one of Asia’s wealthiest nations. But “first mover” advantage...

Myanmar awards onshore oil, gas blocks

Published on Jan 09 2012 // News Update
Myanmar awards onshore oil, gas blocks
Volume 31, No. 609 January 9 – 15, 2012 KUALA LUMPUR – Myanmar awarded 10 onshore oil and gas blocks to eight firms in its biggest energy tender in years and is now offering nine offshore blocks, two Yangon-based sources with direct knowledge of the deals told Reuters last week. The winning...

SGM Burmese site now available

Published on Jan 09 2012 // Campaign Update
SGM Burmese site now available
Shwe Gas Movement’s website is now available in Burmese! The site is available by going to the English website and clicking on the “Burmese Version” Link on the top right hand corner or clicking here (http://burmese.shwe.org/).

SGM featured on U.S. Campaign for Burma Blog

Published on Jan 09 2012 // Campaign Update
Short excerpt: “Along with his colleagues, Wong Aung, the coordinator at the Shwe Gas Movement spoke to us not only about their concerns and the devastating impacts regarding the construction of the pipelines but also their demands for a more accountable and transparent process involving local...

EU to open office in Myanmar after reforms

Published on Jan 06 2012 // News Update
EU to open office in Myanmar after reforms
Thu Jan 5, 2012 1:01pm EST * Office to open as soon as possible * EU already reviewing sanctions policy * More progress sought on human rights By David Brunnstrom BRUSSELS, Jan 5 (Reuters) – The European Union will open a representative office in Myanmar to manage aid programmes and promote...

Norway’s stake in PetroChina causes row

Published on Jan 06 2012 // News Update
Norway’s stake in PetroChina causes row
Pension fund’s refusal to divest from China National Petroleum Corporation subsidiary despite controversial pipeline in Myanmar causes dismay Toh Han Shih Updated on Dec 27, 2011 Analysts and NGOs are dismayed at a refusal by the Government Pension Fund of Norway, Europe’s largest...