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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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Wednesday, 26 October 16
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
If the finale of a thriller movie finds the leading actor successfully surviving after all the sacrifices he has made, the audience presumes this t ...
Tuesday, 25 October 16
INDONESIAN COAL PRICES MARCH HIGHER CONTINUES
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing and it is expected to rally at l ...
Tuesday, 25 October 16
THINGS ARE SLOWLY STARTING TO IMPROVE AS CORRECTIONS ARE MADE - ALLIED
It seems as though left, right and centre, all we see nowadays is the word “restructuring”.
There is restructuring amongst bankers ...
Monday, 24 October 16
KOMIPO INVITES BIDS FOR 0.78 MILLION TONS OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 780,000 Metric Tons of Bituminous Coal for its B ...
Monday, 24 October 16
U.S WEEKLY COAL PRODUCTION DECLINED 3.2% TO 16 MMST WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16 million short tons ...
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- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- The University of Queensland
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- PTC India Limited - India
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
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