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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, 15 July 20
MARKET INSIGHT - INTERMODAL
The Covid-19 virus spread around the world has obviously impacted the global oil demand while the situation remains fluid. The overall constraint ...
Tuesday, 14 July 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.75 PCT - XINHUA
China Taiyuan coal transaction price index stood at 126.01 points Monday, up 0.75 percent week on week.
The index, released by China ...
Tuesday, 14 July 20
TURKEY - A CASE OF UNDECLARED BUNKER - GARD
KNOWLEDGE TO ELEVATE
Undeclared/excess bunkers can be considered a criminal act by Turkish customs officials with the ship's crew being ac ...
Monday, 13 July 20
PANAMAX: A TUMULTUOUS WEEK IN THE PANAMAX MARKET ENSURED ALL MARKETS GAINED VALUE ON THE WEEK - BALTIC BRIEFING
Capesize
This week witnessed the dreaded correction in the Capesize market, with the time charter average shedding almost 18 per cent to close ...
Friday, 10 July 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
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- Ministry of Transport, Egypt
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- Australian Coal Association
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- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
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- Thai Mozambique Logistica
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- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
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- Port Waratah Coal Services - Australia
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- India Bulls Power Limited - India
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- Petron Corporation, Philippines
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- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
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- Antam Resourcindo - Indonesia
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- PowerSource Philippines DevCo
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- Sarangani Energy Corporation, Philippines
- Samtan Co., Ltd - South Korea
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- Ministry of Finance - Indonesia
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- Global Green Power PLC Corporation, Philippines
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- Indonesian Coal Mining Association
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- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Parliament of New Zealand
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- Indika Energy - Indonesia
- Xindia Steels Limited - India
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- VISA Power Limited - India
- SMC Global Power, Philippines
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- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
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- Africa Commodities Group - South Africa
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- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
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- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
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- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
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- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
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- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
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- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
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