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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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Tuesday, 23 June 20
COVID-19 COULD CAUSE A BOOM IN COAL POWER - RYSTAD ENERGY | OILPRICE
COVID-19 has not only impacted the energy industry’s revenues but also its infrastructure development.
The delay of new natural gas ...
Tuesday, 23 June 20
CHINA'S COAL OUTPUT UP 0.9 PCT IN JANUARY-MAY: XINHUA
Output of raw coal in China rose 0.9 percent year on year to 1.47 billion tonnes in the first five months of this year, official data showed.
& ...
Monday, 22 June 20
KAMSARMAX TYPES REGULARLY HIT THE $9,000 PER DAY LEVEL FOR INDONESIAN COAL RUN TO CHINA, BALTIC BRIEFING SAYS
Capesize
The Capesize market trajectory this week has been one of the steepest rallies the sector has experienced. Opening at $12,410, the sect ...
Saturday, 20 June 20
WORLD OIL DEMAND IS PROJECTED TO DECREASE BY 9.1 MB/D IN 2020 - OPEC
Crude Oil Price Movements
Spot crude oil prices rebounded in May from low levels registered a month earlier, as physical market fundamentals im ...
Saturday, 20 June 20
NO ESCAPING GLOBAL TRADE SLUMP - BALTIC EXCHANGE
Those hoping for a decent recovery in trade in the second half of the year should prepare for disappointment.
New data from the Unit ...
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- San Jose City I Power Corp, Philippines
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- Eastern Coal Council - USA
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
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- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
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- LBH Netherlands Bv - Netherlands
- Bulk Trading Sa - Switzerland
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- Indian Oil Corporation Limited
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- Gujarat Electricity Regulatory Commission - India
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- Gujarat Sidhee Cement - India
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- Bukit Makmur.PT - Indonesia
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- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
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- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
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- Directorate General of MIneral and Coal - Indonesia
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- Bhushan Steel Limited - India
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- Parliament of New Zealand
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
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- McConnell Dowell - Australia
- PTC India Limited - India
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- Mercuria Energy - Indonesia
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- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- The University of Queensland
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- White Energy Company Limited
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Planning Commission, India
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- Asmin Koalindo Tuhup - Indonesia
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- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
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- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
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- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
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- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
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- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
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