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Archive for May, 2012:

KOGAS to boost 2012 oil, gas investment by 50 percent

Published on May 29 2012 // article, Featured Analysis, News Update
By Meeyoung Cho SEOUL | Tue May 29, 2012 12:29am EDT (Reuters) – State-run Korea Gas Corp (KOGAS) (036460.KS) expects to invest $2.5 billion, or 50 percent more than a year ago, to develop overseas oil and gas projects in 2012, as it races to keep pace with rising demand in the fourth-largest...

Jubilant Energy Awarded Exploration Block in Myanmar

Published on May 29 2012 // article, News Update, Related News
by  Jon Mainwaring|Rigzone Staff Monday, May 28, 2012 South Asia-focused Jubilant Energy reported Monday that it has been awarded block number PSC-I by the government of Myanmar under the country’s 2011 onshore blocks bidding round. The award sees Jubilant take a 77.5-percent interest in...

India Tries to Play Catch-Up in Myanmar

Published on May 29 2012 // article, Featured Analysis, Related News
By SANTANU CHOUDHURY NEW DELHI – India is jostling for space in energy-rich Myanmar, signing as many as 12 bilateral agreements Monday in an effort to play catch-up with well-entrenched rival China. The agreements — signed by a delegation led by Prime Minister Manmohan Singh — covered areas...

Prime Minister to begin talks in Myanmar today

Published on May 29 2012 // News Update, Related News, Slide Show
Prime Minister to begin talks in Myanmar today
New Delhi: Prime Minister Manmohan Singh will begin talks in Myanmar on Monday. Singh is on a three day visit to the country – a first by any Indian Prime Minister in 25 years. He is accompanied by External Affairs Minister SM Krishna and will be meeting Myanmar’s President Thein Sein in...

Govt calls for offshore block investment

Published on May 29 2012 // article, Featured Analysis, Slide Show
Govt calls for offshore block investment
By Moe Thu Volume 32, No. 628 May 28 – June 3, 2012 MYANMAR recently announced that 23 offshore oil and gas blocks were available to international oil companies interested in working in the potentially lucrative sector. The announcement was made by U Aung Kyaw Htoo, assistant director of the Ministry...

India PM seeks to heal bad blood on Myanmar visit

Published on May 29 2012 // article, Featured Analysis
By Andrew R.C. Marshall SITTWE, Myanmar | Sun May 27, 2012 11:21am EDT (Reuters) – In northwest Myanmar, where the Kaladan River flows out into the Bay of Bengal, the two giant arms of a half-built wharf enfold the estuarine mud with steel and concrete. Their embrace is fraternal – Myanmar’s...

Marine Life on Arakan Coast in Danger of Extinction from Mine Blasts

Published on May 27 2012 // News Update, Related News, Slide Show
Marine Life on Arakan Coast in Danger of Extinction from Mine Blasts
Kyauk Pru: Locals complained to Narinjara that aquatic animals from the Arakan coast are in danger of extinction due to blasting for the gas pipelines on the coral reef. “Occasional mine blasting is still done by the Chinese, even though it is not as frequent as before, particularly around Madae Island....

The Volatile Viking Drills Again

Published on May 22 2012 // News Update, Related News, Slide Show
The Volatile Viking Drills Again
Norwegian shipping tycoon John Fredriksen, pictured in Oslo in 2006. (PHOTO: Reuters) The West Callisto, an offshore drilling rig owned and operated by the Norwegian-Bermudian firm Seadrill, arrived in Burmese waters earlier this month to carry out work for French multinational oil firm Total, confirmed...

New Laws for Investors, but Lawlessness for Burmese in the Way

Published on May 22 2012 // Featured Analysis, Slide Show
New Laws for Investors, but Lawlessness for Burmese in the Way
New Laws for Investors, but Lawlessness for Burmese in the Way By WILLIAM BOOT / THE IRRAWADDY| May 22, 2012    Map showing the route to be followed by the China-Burma oil and gas pipelines. (Photo: Shwe Gas Movement) Burma’s government ministries are planning a series of international trade shows...

Myanmar learns the lesson of Libya

Published on May 21 2012 // article, Featured Analysis
Myanmar learns the lesson of Libya Strike Myanmar from the regime change list. Only two years ago, the resource-rich country located between India and China was practicing the kind of economic nationalism that got Libyan leader Muammar Gadhafi deep into trouble with the US State Department and oil company...
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