COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Friday, 24 February 17
RUSSIAN OIL AND GAS WITHSTANDS OIL PRICE SHOCK - FITCH RATINGS
Fitch RatingsFitch Ratings says in a new report that the Russian oil and gas sector has withstood the oil price stock of 1H16. Key events of 2016 include record crude production levels, Rosneft's acquisition of Bashneft in October 2016 and subsequent privatisation, as well as Gazprom's record gas sales to Europe.

According to Fitch Ratings the completed EUR10.2bn sale of a 19.5% stake in Rosneft to Glencore and the Qatar Investment Authority (QIA) is an important milestone for the sector. The ownership structure of the joint venture appears transparent: Fitch understands the joint venture that holds the stake in Rosneft is owned in equal shares by Glencore and QIA. Fitch does not rate Rosneft and therefore does not have detailed information on the transaction, but information reviewed by Fitch to date has confirmed the shareholding structure and fully resolved the agency's other questions raised at the Oil & Gas conference: "The Time for Cautious Optimism in Moscow on 15 February 2017".

In September-October 2016, Russia increased oil production by some 500,000 barrels of oil equivalent to the record volume of 11.23 million barrels of oil equivalent (mmboepd), mainly due to the launch of and continuing ramp-up across several large greenfields. Following the OPEC deal at end-November 2016, Russia agreed to cut production by some 300mboepd, bringing the post-deal volumes to 10.9mmboepd.

Fitch Ratings further noted that, in 9M16, production from certain Russian oil brownfields increased and natural decline rates moderated, mainly on significantly higher production drilling volumes that some producers demonstrated. Brownfield taxation remains high - the mineral royalty (MET) and the export duty account for 50%-60% of a typical brownfield's revenue - limiting further brownfield production growth potential.

Most Fitch-rated Russian oil and gas companies are on Stable Outlook. The Stable Outlook is driven by our expectation of stable crude production volumes and improving upstream profitability on higher forecast oil prices. Unlike their western European peers, Russian oil and gas companies did not significantly reduce capex or headcount in 2016.

Falling oil prices and taxation changes lowered downstream profitability in 9M16, resulting in higher crude exports and a 20% reduction in fuel oil production. We forecast Russian downstream to continue performing at levels similar to or slightly better than those in 2016, said Fitch Ratings.

Due to competitive gas prices and cold weather, Gazprom posted record high gas sales in Europe in 2016, while its financial results suffered from falling average gas prices. We expect Gazprom's funds from operations (FFO) net leverage to increase to around 2x on high capex; nonetheless, the leverage remains within our rating guidance.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

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 ...


   5 6 7 8 9   
Showing 31 to 35 news of total 6871
News by Category
Popular News
 
Total Members : 28,705
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Meenaskhi Energy Private Limited - India
  • Malabar Cements Ltd - India
  • Mercator Lines Limited - India
  • Jorong Barutama Greston.PT - Indonesia
  • Singapore Mercantile Exchange
  • PowerSource Philippines DevCo
  • Mercuria Energy - Indonesia
  • Essar Steel Hazira Ltd - India
  • Bangladesh Power Developement Board
  • Alfred C Toepfer International GmbH - Germany
  • Ministry of Finance - Indonesia
  • Barclays Capital - USA
  • RBS Sempra - UK
  • Sree Jayajothi Cements Limited - India
  • PetroVietnam
  • GB Group - China
  • Thailand Anthracite
  • Coastal Gujarat Power Limited - India
  • Chettinad Cement Corporation Ltd - India
  • Global Business Power Corporation, Philippines
  • Bahari Cakrawala Sebuku - Indonesia
  • World Bank
  • Samsung - South Korea
  • CoalTek, United States
  • Deloitte Consulting - India
  • Rio Tinto Coal - Australia
  • Merrill Lynch Commodities Europe
  • International Coal Ventures Pvt Ltd - India
  • Sical Logistics Limited - India
  • Reliance Power - India
  • Jatenergy - Australia
  • Thermax Limited - India
  • IBC Asia (S) Pte Ltd
  • Noble Europe Ltd - UK
  • Oldendorff Carriers - Singapore
  • Freeport Indonesia
  • Cemex - Philippines
  • GHCL Limited - India
  • Tata Chemicals Ltd - India
  • Ernst & Young Pvt. Ltd.
  • Indika Energy - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Uttam Galva Steels Limited - India
  • Coalindo Energy - Indonesia
  • Makarim & Taira - Indonesia
  • Tamil Nadu electricity Board
  • Ministry of Transport, Egypt
  • Qatrana Cement - Jordan
  • Australian Coal Association
  • Directorate General of MIneral and Coal - Indonesia
  • Vedanta Resources Plc - India
  • Cigading International Bulk Terminal - Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Baramulti Group, Indonesia
  • Sindya Power Generating Company Private Ltd
  • Maersk Broker
  • KPMG - USA
  • Adani Power Ltd - India
  • Jindal Steel & Power Ltd - India
  • Price Waterhouse Coopers - Russia
  • Eastern Coal Council - USA
  • TNB Fuel Sdn Bhd - Malaysia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Cement Manufacturers Association - India
  • Surastha Cement
  • Cargill India Pvt Ltd
  • Adaro Indonesia
  • Posco Energy - South Korea
  • Jaiprakash Power Ventures ltd
  • Siam City Cement - Thailand
  • Total Coal South Africa
  • HSBC - Hong Kong
  • Global Green Power PLC Corporation, Philippines
  • KEPCO - South Korea
  • ICICI Bank Limited - India
  • Maybank - Singapore
  • Geoservices-GeoAssay Lab
  • DBS Bank - Singapore
  • Chamber of Mines of South Africa
  • GN Power Mariveles Coal Plant, Philippines
  • Krishnapatnam Port Company Ltd. - India
  • New Zealand Coal & Carbon
  • Vizag Seaport Private Limited - India
  • TRAFIGURA, South Korea
  • Karaikal Port Pvt Ltd - India
  • Coal and Oil Company - UAE
  • IHS Mccloskey Coal Group - USA
  • Semirara Mining Corp, Philippines
  • Clarksons - UK
  • Miang Besar Coal Terminal - Indonesia
  • WorleyParsons
  • VISA Power Limited - India
  • U S Energy Resources
  • Mjunction Services Limited - India
  • Central Electricity Authority - India
  • Coal Orbis AG
  • Platts
  • Sinarmas Energy and Mining - Indonesia
  • bp singapore
  • GAC Shipping (India) Pvt Ltd
  • Carbofer General Trading SA - India
  • Latin American Coal - Colombia
  • Bank of China, Malaysia
  • Maharashtra Electricity Regulatory Commission - India
  • Interocean Group of Companies - India
  • Borneo Indobara - Indonesia
  • Mintek Dendrill Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Banpu Public Company Limited - Thailand
  • Vijayanagar Sugar Pvt Ltd - India
  • UBS Singapore
  • PTC India Limited - India
  • Straits Asia Resources Limited - Singapore
  • Petrochimia International Co. Ltd.- Taiwan
  • Economic Council, Georgia
  • Videocon Industries ltd - India
  • Bukit Makmur.PT - Indonesia
  • Altura Mining Limited, Indonesia
  • GMR Energy Limited - India
  • Mitra SK Pvt Ltd - India
  • Barasentosa Lestari - Indonesia
  • Lanco Infratech Ltd - India
  • ING Bank NV - Singapore
  • NALCO India
  • Wilmar Investment Holdings
  • Medco Energi Mining Internasional
  • Kumho Petrochemical, South Korea
  • World Coal - UK
  • Coal India Limited
  • Kideco Jaya Agung - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Britmindo - Indonesia
  • Sarangani Energy Corporation, Philippines
  • OPG Power Generation Pvt Ltd - India
  • Thai Mozambique Logistica
  • CESC Limited - India
  • Sucofindo - Indonesia
  • Sakthi Sugars Limited - India
  • Thomson Reuters GRC
  • White Energy Company Limited
  • Indonesia Power. PT
  • IOL Indonesia
  • Formosa Plastics Group - Taiwan
  • JPower - Japan
  • Runge Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Renaissance Capital - South Africa
  • Glencore India Pvt. Ltd
  • Power Finance Corporation Ltd., India
  • Thriveni
  • Mitsui
  • Indo Tambangraya Megah - Indonesia
  • Bhatia International Limited - India
  • Parliament of New Zealand
  • SASOL - South Africa
  • Orica Mining Services - Indonesia
  • Credit Suisse - India
  • IMC Shipping - Singapore
  • India Bulls Power Limited - India
  • Bukit Baiduri Energy - Indonesia
  • South Luzon Thermal Energy Corporation
  • ACC Limited - India
  • Karbindo Abesyapradhi - Indoneisa
  • Asian Development Bank
  • Aditya Birla Group - India
  • Infraline Energy - India
  • SMC Global Power, Philippines
  • Anglo American - United Kingdom
  • Cardiff University - UK
  • globalCOAL - UK
  • PLN - Indonesia
  • Cosco
  • The State Trading Corporation of India Ltd
  • Pendopo Energi Batubara - Indonesia
  • Xindia Steels Limited - India
  • TGV SRAAC LIMITED, India
  • Edison Trading Spa - Italy
  • McKinsey & Co - India
  • Kaltim Prima Coal - Indonesia
  • Moodys - Singapore
  • TANGEDCO India
  • Maheswari Brothers Coal Limited - India
  • LBH Netherlands Bv - Netherlands
  • Xstrata Coal
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Inspectorate - India
  • CIMB Investment Bank - Malaysia
  • Ambuja Cements Ltd - India
  • BNP Paribas - Singapore
  • UOB Asia (HK) Ltd
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Kohat Cement Company Ltd. - Pakistan
  • Georgia Ports Authority, United States
  • SN Aboitiz Power Inc, Philippines
  • Kapuas Tunggal Persada - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Marubeni Corporation - India
  • The Treasury - Australian Government
  • Panama Canal Authority
  • Orica Australia Pty. Ltd.
  • Billiton Holdings Pty Ltd - Australia
  • Semirara Mining and Power Corporation, Philippines
  • PLN Batubara - Indonesia
  • CCIC - Indonesia
  • Savvy Resources Ltd - HongKong
  • San Jose City I Power Corp, Philippines
  • CNBM International Corporation - China
  • Agrawal Coal Company - India
  • Tata Power - India
  • Lafarge - France
  • Pinang Coal Indonesia
  • SMG Consultants - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • EIA - United States
  • GVK Power & Infra Limited - India
  • Manunggal Multi Energi - Indonesia
  • Shree Cement - India
  • Indonesian Coal Mining Association
  • Ince & co LLP
  • EMO - The Netherlands
  • PetroVietnam Power Coal Import and Supply Company
  • Meralco Power Generation, Philippines
  • Parry Sugars Refinery, India
  • Australian Commodity Traders Exchange
  • PNOC Exploration Corporation - Philippines
  • Heidelberg Cement - Germany
  • Pipit Mutiara Jaya. PT, Indonesia
  • Independent Power Producers Association of India
  • Fearnleys - India
  • Deutsche Bank - India
  • Kobexindo Tractors - Indoneisa
  • The University of Queensland
  • Vale Mozambique
  • Enel Italy
  • Asmin Koalindo Tuhup - Indonesia
  • OCBC - Singapore
  • KOWEPO - South Korea
  • Energy Development Corp, Philippines
  • Trasteel International SA, Italy
  • Tanito Harum - Indonesia
  • Indogreen Group - Indonesia
  • APGENCO India
  • Toyota Tsusho Corporation, Japan
  • Sojitz Corporation - Japan
  • Rudhra Energy - India
  • Inco-Indonesia
  • Peabody Energy - USA
  • Intertek Mineral Services - Indonesia
  • Samtan Co., Ltd - South Korea
  • Bulk Trading Sa - Switzerland
  • Star Paper Mills Limited - India
  • Ministry of Mines - Canada
  • Humpuss - Indonesia
  • Malco - India
  • Wood Mackenzie - Singapore
  • McConnell Dowell - Australia
  • Attock Cement Pakistan Limited
  • London Commodity Brokers - England
  • Arch Coal - USA
  • Antam Resourcindo - Indonesia
  • Indian School of Mines
  • JPMorgan - India
  • Bangkok Bank PCL
  • Simpson Spence & Young - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Kobe Steel Ltd - Japan
  • Idemitsu - Japan
  • Shenhua Group - China
  • Bharathi Cement Corporation - India
  • Standard Chartered Bank - UAE
  • Iligan Light & Power Inc, Philippines
  • Metalloyd Limited - United Kingdom
  • Kepco SPC Power Corporation, Philippines
  • NTPC Limited - India
  • Mitsubishi Corporation
  • Eastern Energy - Thailand
  • Bhushan Steel Limited - India
  • Binh Thuan Hamico - Vietnam
  • Coeclerici Indonesia
  • Electricity Authority, New Zealand
  • Africa Commodities Group - South Africa
  • Indian Oil Corporation Limited
  • Argus Media - Singapore
  • BRS Brokers - Singapore
  • Asia Cement - Taiwan
  • European Bulk Services B.V. - Netherlands
  • Aboitiz Power Corporation - Philippines
  • Berau Coal - Indonesia
  • Bhoruka Overseas - Indonesia
  • J M Baxi & Co - India
  • Planning Commission, India
  • Ind-Barath Power Infra Limited - India
  • AsiaOL BioFuels Corp., Philippines
  • Port Waratah Coal Services - Australia
  • Bank of America
  • Minerals Council of Australia
  • Grasim Industreis Ltd - India
  • Madhucon Powers Ltd - India
  • KPCL - India
  • Salva Resources Pvt Ltd - India
  • Gujarat Electricity Regulatory Commission - India
  • TeaM Sual Corporation - Philippines
  • Leighton Contractors Pty Ltd - Australia
  • Riau Bara Harum - Indonesia
  • Commonwealth Bank - Australia
  • Indorama - Singapore
  • IEA Clean Coal Centre - UK
  • Gresik Semen - Indonesia
  • Platou - Singapore
  • Therma Luzon, Inc, Philippines
  • ETA - Dubai
  • Thiess Contractors Indonesia
  • Arutmin Indonesia
  • Merrill Lynch Bank
  • Permata Bank - Indonesia
  • Petron Corporation, Philippines
  • Gupta Coal India Ltd
  • ANZ Bank - Australia
  • Larsen & Toubro Limited - India
  • Petrosea - Indonesia
  • MEC Coal - Indonesia
  • Core Mineral Indonesia
  • Coaltrans Conferences
  • Indian Energy Exchange, India
  • ASAPP Information Group - India
  • Maruti Cements - India
  • Japan Coal Energy Center
  • Central Java Power - Indonesia
  • Vitol - Bahrain
  • Neyveli Lignite Corporation Ltd, - India
  • TNPL - India
  • The India Cements Ltd
  • Global Coal Blending Company Limited - Australia
  • Mechel - Russia
  • Directorate Of Revenue Intelligence - India
  • Rashtriya Ispat Nigam Limited - India
  • Gujarat Sidhee Cement - India
  • SRK Consulting
  • Goldman Sachs - Singapore
  • Russian Coal LLC
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Energy Link Ltd, New Zealand
  • Timah Investasi Mineral - Indoneisa
  • SUEK AG - Indonesia
  • SGS (Thailand) Limited
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • GNFC Limited - India
  • Dalmia Cement Bharat India
  • Kalimantan Lumbung Energi - Indonesia
  • MS Steel International - UAE
  • Electricity Generating Authority of Thailand
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Siam City Cement PLC, Thailand
  • Romanian Commodities Exchange
  • Cebu Energy, Philippines