Woodside beefs up Myanmar gas field resource estimates

Australian Woodside has reported an increase in its best estimate contingent resource (2C) by 83 MMboe to 4,481 MMboe following the announcement of two gas discoveries offshore Myanmar in Q1 2016. Woodside announced the discovery of 32 m net gas pay (increased from an earlier 15 m net gas pay estimate) in the Block A-6 […]

Read more

Scottish firms in Myanmar oil and gas mission

A delegation of Scottish companies is heading to Myanmar this week in an effort to tap into opportunities in the country’s oil and gas sector. The visit comes after Myanmar opened up to international trade and investment following decades of military rule. The delegation includes temporary power company Aggreko and oil and gas firms Wood […]

Read more

Chevron seeks buyers for Myanmar gas assets worth $1.3 billion – sources

U.S. oil and gas major Chevron Corp has put its Myanmar gas block stakes worth an estimated $1.3 billion up for sale, banking sources familiar with the matter said, in what would mark the biggest M&A transaction involving the country’s assets. The sale is part of Chevron’s efforts to preserve cash and retreat from non-core […]

Read more