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Thursday, 01 December 16
CHINA 2017 OIL, GAS OUTPUT DROP MAY WORSEN ON CAPEX CUT: FITCH
 China's oil and gas production may shrink even more in 2017 than in 2016 after the country's leading oil companies cut exploration and production capex (E&P) in 2015 and 2016 due to persistently low crude-oil prices, Fitch Ratings says in an Outlook report.
Fitch believes upstream production shrinkage could be steeper in 2017 than our forecast of a 6%-8% fall in 2016. The Big-Three national oil companies - China National Petroleum Corporation , China Petroleum & Chemical Corporation (Sinopec) (A+/Stable) and CNOOC Limited (A+/Stable) - may also revise down their reserves further.
Fitch believes Chinese oil & gas companies' ability to significantly improve free cash flow will be limited in 2017 - despite stabilising oil prices - in light of reinvestment needs aimed at reserve replacements, and at Fitch's assumption of an average oil price of USD45 per barrel in 2017. Falling domestic production can, however, further narrow the gap between the benchmark Brent price and the oil companies' realised oil prices; that gap had widened significantly in 2016, and materially affected their cash generation.
Margins for refining and chemical operations in 2017 are also likely to narrow, especially with oil prices having rebounded slightly since 2H16, though these sectors are likely to be more profitable than E&P for integrated companies, such as Sinopec and CNPC/PetroChina, at the assumed oil-price level.
Oilfield-services companies are likely to see an increase in domestic project volumes in 2017, though rates are unlikely to recover significantly; independents will be further plagued by prolonged receivable turnover.
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Friday, 01 December 23
COAL MINERS GROUP EXPECTS INDONESIA’S 2023 COAL OUTPUT TO SURPASS TARGET - REUTERS
The Indonesian Coal Mining Association (ICMA) expects the country’s 2023 coal output to surpass the official target of 695 million metric ton ...
Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2 ...
Friday, 24 November 23
COAL SHIPMENTS TO ADVANCED ECONOMIES DOWN 17% SO FAR IN 2023 - BIMCO
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electric ...
Friday, 24 November 23
INTELLIGENT COAL MINES CONTRIBUTE TO IMPROVING SAFETY STANDARDS - CHINA DAILY
Mechanization, automation and intelligent upgrades have contributed to improved safety in coal mines, though the level of development of intelligen ...
Friday, 24 November 23
WHY AUSTRALIA'S COAL MINES ARE GETTING BIGGER - IEEFA
Australia’s largest coal mines are getting larger. Mines in New South Wales (NSW) are ramping up production following the state’s recov ...
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- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- The University of Queensland
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- White Energy Company Limited
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Economic Council, Georgia
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Bhushan Steel Limited - India
- The State Trading Corporation of India Ltd
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
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