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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, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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Showing 31 to 35 news of total 6871 |
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- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- SMC Global Power, Philippines
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Central Java Power - Indonesia
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
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