ONCE UPON A TIME AT YENANGYAUNG IN BURMA

Burma today Myanmar, has experienced oil exploration since the first hand-dug wells were drilled in the Central Burma Basin around 900 BC. In 1795, Michael Symes, Irish soldier, diplomat and politician was sent to Burma by the Governor General of India. Visiting Yenangyaung he reported the existence of a well-developed oil industry that has existed probably for centuries, including the export of oil by boat. In 1796 up to 520 wells were registered by the local government. Yenangyaung is located in central Myanmar on the Irrawaddy River, 363 miles from Yangon. The origins of this indigenous industry remain uncertain, with some claiming that it began as early as the 10th century AD. In 1827 British Geologist John Crawford visited the oil field and described hand-dug wells and estimated the annual output at the equivalent of 250,000-300,000 barrels. He also noted up to 200 boats waiting to load oil.
In 1886 the Burmah Oil Company was founded. The company drilled the first cable tool wells in 1889, which resulted in the official discovery of Yenangyaung Oil Field. Burmah Oil Company held a colonial monopoly in the country, until the Standard Oil gained the first lease in 1901.
During World War II, Yenangyaung was the location of a strategically and tactically important oil refinery. As a result of the speed and success of the Japanese advance through Burma during the Burma Campaign and the Battle of Yenangyaung, the retreating Allied forces were forced to blow up the oil fields and refinery to prevent them falling into the hands of the Japanese. The oil facilities were destroyed at 10 pm on 16 April 1942. The Japanese were able to continue using the oilfields, but in the last year of the war as the Allies advanced eastward toward Burma, the oil fields were attacked and badly damaged by Allied bombers.
In 1963 Myanmar Oil and Gas Enterprise (MOGE) was formed taking over all operations. Today Singapore listed Interra Resources and MOGE continue to drill by the Irrawady River. The long saga of oil and gas production in Yenangyaung continues.
(Source: SEG Library/Search and Discovery/Wikipedia – Image: Oil wells in Yenangyaung around 1915)

TANKER CATCHES FIRE OFF BATANGAS IN THE PHILIPPINES

October 24, 2023

On 23 October two crew members have died when the small Sea Horse tanker caught fire following an explosion while at anchorage near Bantagas in Southern...

Read More+
CHEVRON ACQUIRES HESS FOR $53 BILLION

October 24, 2023

Chevron Corporation has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock...

Read More+
ORANO TO EXTEND ENRICHMENT CAPACITY OF GEORGE BESSE 2 PLANT

October 24, 2023

The Board of Directors of Orano has approved the investment in the project to extend the production capacity of the Georges Besse 2 uranium enrichment...

Read More+
TOTALENERGIES TO DEVELOP WIND PROJECT OFFSHORE NEW YORK AND NEW JERSEY

October 24, 2023

TotalEnergies announces it partnered with Corio Generation (Corio), an offshore wind developer, and Rise Light & Power (Rise), a New York-based...

Read More+
HARLAND & WOLFF TO UPGRADE SEAROSE FPSO

October 23, 2023

Harland & Wolff has been awarded a £61m base contract to deliver the mid-life upgrade contract of the SeaRose Floating Production Storage and...

Read More+
WESTINGHOUSE WILL SUPPORT UPCOMING AP1000 NUCLEAR PROJRECT IN BULGARIA

October 23, 2023

Westinghouse Electric Company today signed memorandums of understanding with key Bulgarian suppliers to support the upcoming AP1000® nuclear projects...

Read More+
EQUINOR BRINGS BREIDABLIKK FIELD ON STREAM

October 23, 2023

Equinor advised that production from the Breidablikk field in the North Sea started on 20 October, four months ahead of schedule and within budget....

Read More+
SLB – STRONG QUARTERLY PEFORMANCE DRIVEN BY MIDDLE EAST AND ASIA

October 23, 2023

For the 3rd quarter of 2023 SLB reported a revenue of $8.31 billion increasing 3% sequentially and 11% year on year. Net income of $1.12 billion increased...

Read More+
END OF COAL ERA IN SVALBARD

October 22, 2023

Svalbard Energi announced that the coal-fired power plant has lit up and provided heat to Longyearbyen for several decades.The coal-fired power plant...

Read More+
VOYAGER SPACECRAFTS TO EXPLORE INTERSTELLAR SPACE FOR YEARS TO COME

October 21, 2023

Engineers for NASA’s Voyager mission are taking steps to help make sure both that Voyager 1 and Voyager 2 spacecrafts, launched in 1977, continue...

Read More+
BEACH ENERGY DISCOVERS GAS IN THE PERTH BASIN

October 20, 2023

Beach Energy announced a gas discovery at Tarantula Deep 1 in the Perth Basin.Tarantula Deep 1 reached total depth of 4,121 metres on 14 October 2023....

Read More+
KONGSBERG COMPLETED CONVERTION OF THREE PASSENGER VESSELS TO HYBRID TECHNOLOGY

October 20, 2023

Kongsberg Maritime has delivered a 23% cut in CO2 emissions on the 121-metre passenger vessel MS Richard With, owned by Hurtigruten, a coastal ship...

Read More+