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The clean energy investment statistics are designed up from a proprietary data source greater than 100,000 offers and project information collected and taken care of by over 100 analysts and research workers based in 17 locations worldwide. Our research stands out for its comprehensiveness, geographical reach, and the amount of detail with which investment transactions are tracked. This enables our team to identify and analyze energy-industry trends as soon as they emerge. 28.8 billion, the cheapest figure for just about any half-year period since 2013, according to your latest figures. Yr for clean energy and move BNEF’s Chief Editor and sector leads anticipate another strong. High-level findings of the 2018 year-end State of Clean Energy Investment numbers are publicly available in the trends report. You can also read the press release here. BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative commodities, and materials. We help corporate strategy, finance, and policy professionals navigate change and generate opportunities.P.
Under new rules, all foreign oil and gas firms are starting up in Burma from now on must take on a Burmese partner. Istech comes with an address in Jakarta and according to the Bloomberg Business Week companies guide specializes in oilfield support services. For reasons that have not been explained, only nine of the 18 onshore blocks offered last year have been awarded, and only four of these had, week up to last, completed development agreements.
Local firms named in these partnerships up to now are Aye Myint Khine Company, A-1 Mining Company, and UNOG. UNOG Pte Ltd is authorized in Singapore but is run from Burma. Oil-industry data brands Win Kyaing as controlling director. He could be linked to another firm called IGE also. Some equally obscure foreign firms are in procedure in onshore blocks in Burma already, with names such as Silver Wave Sputnik Petroleum and Zarubezhnet Itera, with Russian connections vaguely. Sputnik Petroleum says it is registered in Singapore, while its sister company Silver Wave Energy leads back to the small Russian republic of Kalmykia on the Caspian Sea. Zarubezhnet Itera has links with the Russian condition in Moscow.
Only two major international oil firms used offers within the last license bidding round. They are Petronas of Malaysia and PTTEP of Thailand, both condition owned and both already engaged in Burma’s oil and gas industry. “It shall be interesting to find out if the next circular draws in any big Western companies. However, I believe many of them are waiting to observe how the reforms pan out and whether they are going to be permanent.
Another batch of onshore development blocks will be put on the market in August, the power Ministry’s director general of planning Htin Aung said last week. Of this year A batch of offshore licenses will be provided by the end, he said. Industry giants such as Chevron, Total, Shell, Nippon, CNOOC, and Mitsubishi delivered representatives to the March trade show in Rangoon arranged by the Ministry of Energy to promote development.
The ministry’s Htin Aung informed the show’s participants that Burma has “proven” essential oil reserves of almost 140 million barrels and 322 billion cubic meters of gas. Raising that level of hydrocarbons from beneath land and sea will require large and long-term investment-much more than famous brands Silver Wave Sputnik Petroleum, Nobel Oil, and GeoPetrol can muster.
The Myanmar Ministry of Energy (MOE) announced the results of the Myanmar Offshore Blocks First Bidding Round – 2013, on 26 March 2014. The round had fascinated 64 bids from 36 international E&P companies for the 30 blocks offered. Of the 30 blocks offered, earning bids for 20 blocks were announced.
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The Petroleum Sharing Contracts (PSC) for the 10 shallow drinking water blocks and 10 deep drinking water blocks will be awarded to the successful bidders upon the finalization of conditions between the companies and the Ministry of Energy. April 2013 The Myanmar Offshore Blocks First Bidding Circular – 2013 premiered on 11. A total of 30 offshore areas can be found, 11 shallow water blocks and 19 deep-water blocks. Different PSC conditions were offered for shallow drinking water and deep drinking water blocks with the key difference being the necessity of local partner involvement for shallow drinking water blocks.
International companies entering into a Shallow Water PSC would need to utilize a local partner, while companies are getting into a Deep Water PSC could perform exploration without a local partner due to the high costs and technical expertise required. The PSCs have been agreed upon Once, month Environmental Impact Assessment and Study Period the operators could have an 18, year exploration work program after which it would have the option to enter into a 3. Rakhine Offshore AreaA-04PSCBG Asia Pacific Pte. LtdWoodside Energy (Myanmar) Pte. A-07Woodside Energy (Myanmar) Pte. Moattama Offshore AreaM-04Oil India LimitedMercator Petroleum LimitedOilmax Energy Pvt. YEBOil India LimitedMercator Petroleum LimitedOilmax Energy Pvt. Rakhine Offshore AreaAD-02PSCBG Exploration and Production Myanmar LimitedWoodside Energy (Myanmar) Pte. AD-05Woodside Energy (Myanmar) Pte.