PC Myanmar Limited (PCML), a subsidiary of PETRONAS, has announced Force Majeure (FM) on its Yetagun field in the Andaman Sea, offshore Myanmar, on April 1, 2021 due to depletion of gas production in Blocks M12, M13, and M14.

As part of India’s ambitious Rs 1,30,000 crore plan to transform the northeastern part of the country into a hydrocarbon hub within the next 15 years, the centre is currently exploring reviving the shelved Myanmar-Bangladesh-India gas pipeline that transports gas from Russia

Chevron has put all of its Myanmar gas block stakes up for sale, which at a combined likely valuation of $1.3, would be the biggest deal involving Myanmar assets to date, financial sources familiar with the matter

Mitsui Oil Exploration Co. Ltd. has succeeded in a joint bid in the Myanmar Offshore Bidding Round 2013 for three deepwater blocks located offshore Myanmar, namely blocks AD-9, AD-11, and MD-5.

Myanmar has officially opened a deep sea port off its western coast, part of a $2.45 billion port and pipeline project that will carry crude oil from the Middle East to China.