SE Asia Rig Market Set for Decline. Deepwater Projects at Risk
Norwegian energy intelligence company Rystad Energy has painted a bleak picture for the drilling rig market outlook in South East Asia but has also said that Malaysia’s Petronas will have a large role in where the market goes. Further, the intelligence firm has pointed to a unique SE Asia NOCs relationships with local drilling firms.
National Renewable Energy Committee holds 3rd coordination meeting
The National Renewable Energy Committee organized its 3rd coordination meeting (1/2020) in Nay Pyi Taw yesterday. Chairman of the committee and Union Minister for Electricity and Energy U Win Khaing, its deputy Chairmen Union Minister for Agriculture, Livestock and Irrigation Dr Aung Thu and Union Minister for Education Dr Myo Thein Gyi; and committee members.
Local fuel prices fall Ks305-345 per liter in over three months
Local fuel prices have continued to fall by Ks305 to Ks345 per liter over the past three months as global oil prices went down to around US$31 per barrel, according to local filling stations. The global oil price jumped to US$76 on October 3, 2018. It then fell to U$42 per barrel on December 24. It […]
Mini oil refinery starts test run in Taungtha, handles 30,000 gals of crude oil per day
Acting Chief Minister of Mandalay Region U Zarni Aung and Deputy Minister for Electricity and Energy Dr Tun Naing inspected the test run of a mini oil refinery of MCCM Co, Ltd near Kyawzi village, Taungtha Township in Mandalay Region yesterday morning. First, the factory in-charge reported on the structure of the refinery and test run […]
Yoma JV builds 250 micro solar-hybrid power plants for rural Myanmar
YOMA Micro Power (YMP) has finished building 250 micro solar-hybrid power plants which will help power rural Myanmar, it said on Friday. YMP, a joint venture of Myanmar-focused Yoma Strategic Holdings, finished setting up the power plants after it initially started the rollout to build them in March 2019.
Myanmar builds a port for LNG tankers in Thilawa SEZ
The construction process of a port to dock LNG tankers to supply liquefied nature gas (LNG) for 350-megawatt LNG power plant in Thilawa SEZ is about 40 per cent finished, according to Ministry of Electricity and Energy. It is one of the electric power projects implemented by the ministry to fulfill the electricity requirement for 2020 […]
China-Myanmar pipeline grows in its appeal
There was no second-guessing why China’s President Xi Jinping made Myanmar his first stop in a visit earlier this year, even as coronavirus was mercilessly gripping his nation: China has never ceased worrying about reliable supplies of gas, and the prospect of a pipeline with Myanmar is an attractive one.
Power shift
Energy is vital for countries seeking to power and sustain economic growth. But as the world feels the heat of climate change, the energy industry is under pressure to undertake a major transition. Somehow, it must find ways to ensure that consumption can continue without interruption but with far fewer negative consequences for the environment.
