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Wednesday, 19 August 20
MISC MARKS ITS MAIDEN FORAY INTO MAJOR DEEP-WATER PROJECT IN LATIN AMERICA WITH MERO 3 FPSO
 MISC Berhad (MISC) is pleased to announce its acceptance of Letter of Intent (LOI) from Petróleo Brasileiro S.A. (Petrobras) for the provision of a floating production storage and offloading facility (Mero 3 FPSO) located offshore Rio de Janeiro in the Libra block, Santos Basin, Brazil and operation and maintenance services during the charter phase of Mero 3 FPSO.
Pursuant to the LOI, the term of the charter is 22.5 years from the date of final acceptance of the Mero 3 FPSO by Petrobras. The Mero 3 FPSO isexpected to commence operation in the first half of 2024.
MISC’s President & Group Chief Executive Officer, Mr. Yee Yang Chien said, “We would like to thank Petrobras for their confidence and trust in MISC for this major deep-water project in one of the main hotspots for FPSO in the world. It has been a two year journey in our march towards securing our first deep-water FPSO project in Brazil. This project is close to the hearts of many, especially the various teams across the Offshore Business division who deserve a thumbs up for all their dedication and commitment in making this day a reality for the Group.
Marked by this achievement, we are ushering in a new era for MISC by undertaking a complex project with a huge investment that will ultimately lay the foundation for future international projects. We are determined to deliver the best to our client for the Mero 3 FPSO project and as a Group, we look forward to contributing to the advancement of the energy sector in Latin America,” added Mr. Yee.
The Mero field is owned by the Libra Consortium. The Libra Consortium is led by Petrobras with a 40% interest in partnership with Shell Brasil Petróleo Ltda. (20%), Total E&P do Brasil Ltda. (20%), CNODC Brasil Petróleo e Gás Ltda. (10%), CNOOC Petroleum Brasil Ltda. (10%) and Empresa Brasileira de Administração de Petróleo e Gás Natural S.A. –Pré-Sal Petróleo S.A. (PPSA) (0%, as manager of the production sharing agreement).
Petrobras, headquartered in Rio de Janeiro, Brazil is an international energy company operating on an integrated basis and specialising in the oil, natural gas and energy industry.
Source: MISC Berhad
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Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...
Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...
Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...
Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...
Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
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- Commonwealth Bank - Australia
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- Electricity Authority, New Zealand
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- Rio Tinto Coal - Australia
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- Goldman Sachs - Singapore
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- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
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- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
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- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
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- Gujarat Sidhee Cement - India
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- White Energy Company Limited
- Energy Development Corp, Philippines
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- PTC India Limited - India
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- Ministry of Mines - Canada
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- Chamber of Mines of South Africa
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- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
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- Samtan Co., Ltd - South Korea
- The University of Queensland
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- Formosa Plastics Group - Taiwan
- Australian Coal Association
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- Georgia Ports Authority, United States
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- Merrill Lynch Commodities Europe
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- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
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- VISA Power Limited - India
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
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- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
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- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Independent Power Producers Association of India
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- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
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