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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, 19 August 20
COAL INDIA TRADE UNIONS DEFER DAY-LONG STRIKE: PTI
The unions had decided to go on strike against the commercial mining and the proposed divestment or buyback of shares of Coal India Ltd (CIL).
...
Wednesday, 19 August 20
MARKET INSIGHT - GEORGE LAIOS | INTERMODAL
Since the Covid-19 outbreak, governments and central banks around the globe have been using their ammunition and stimulus packages to keep their ec ...
Wednesday, 19 August 20
INDIA SAW A SHARP DECLINE IN ENERGY COAL IMPORTS IN JANUARY - JUNE 2020; –27 PER CENT YOY - BHP
Energy coal prices were weak in the second half of financial year 2020, BHP says in its Economic and Commodity Outlook FY20.
Accordi ...
Wednesday, 19 August 20
COAL PRICES TO REMAIN SUBDUED THIS FISCAL AMID WEAK DEMAND, HIGH INVENTORY - THE HINDU BUSINESS LINE
Coal offtake is improving gradually as lockdown eases
Coal prices are expected to remain subdued to weak demand and high inventory l ...
Tuesday, 18 August 20
BLACKBALLED: WILL COAL BOUNCE BACK FROM SLUMP OR IS IT TERMINAL? - SYDNEY MORNING HERALD
Even by the standards of this miserable year, 2020 has been a shocker for the global coal industry.
As the lockdown kicked in demand ...
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- San Jose City I Power Corp, Philippines
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- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Parliament of New Zealand
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- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
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- Pipit Mutiara Jaya. PT, Indonesia
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- OPG Power Generation Pvt Ltd - India
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- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
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- Indonesian Coal Mining Association
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- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
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- Vedanta Resources Plc - India
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- Malabar Cements Ltd - India
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- Chettinad Cement Corporation Ltd - India
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- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
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- Miang Besar Coal Terminal - Indonesia
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- Planning Commission, India
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- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
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- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
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- Mjunction Services Limited - India
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
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- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- GMR Energy Limited - India
- Posco Energy - South Korea
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- PTC India Limited - India
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