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Myanmar awards 20 oil exploration blocks

2014-03-26 16:43:42| Oil & Gas - Topix.net

Major oil companies including Total, Chevron, Woodside Energy and Shell have won bids for offshore oil and gas exploration blocks off Myanmar's western and southern coasts, the country's Energy Ministry said Wednesday.

Tags: awards oil blocks exploration

Manila Water, Mitsubishi ink deal for Myanmar project

2014-03-17 09:58:01| Grocery - Topix.net

MANILA, Philippines Manila Water Company, Inc. and Mitsubishi Corporation are set to pursue a water project in Myanmar following the signing of a memorandum of understanding with the Yangon City Development Committee .

Tags: project water deal mitsubishi

Ooredoo FY profits lower on forex, Myanmar costs

2014-03-05 08:12:00| Telecompaper Headlines

(Telecompaper) Ooredoo group revenue for 2013 increased by 1.1 percent to QAR 33.9 billion from 2012 with strong performances in Qatar, Algeria and Iraq. Fourth quarter revenue dipped to QAR 8.37 billion from QAR 8.64 billion a year earlier. Full year net profit declined by 12.5 percent to QAR 2.58 billion from QAR 2.95 billion, and Ooredoo posted a 36 percent drop in fourth quarter net profit to QAR 510 million. EBITDA for the full year declined by 6 percent to QAR 14.6 billion from QAR 15.6 billion in 2012. The EBITDA margin fell to 43 percent due to the adverse currency impact of the Indonesian Rupiah, Myanmar start-up costs, brand roll-out costs and the group's investment in Kuwait's recovery strategy.

Tags: lower costs profits myanmar

Asiatech Energy to build combined cycle gas-fired power plant in Myanmar

2014-02-26 01:00:00| Power Technology

Singapore-based Asiatech Energy has signed a financing agreement with United Overseas Bank (UOB) for a 230MW combined cycle gas-fired power plant in Mon State, Myanmar.

Tags: power build energy combined