We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 24 February 17
RUSSIAN OIL AND GAS WITHSTANDS OIL PRICE SHOCK - FITCH RATINGS
 Fitch 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.
|
|
Wednesday, 12 April 17
SHIPPING MARKET INSIGHT - VASSILIS VASSILIOU
The first quarter of 2017 started relatively busy for the ship repair sector, with most of the repair facilities being nearly fully occupied till t ...
Monday, 10 April 17
THE CAPE INDEX WAS DOWN BY 16.32% WEEK OVER WEEK
COALspot.com: The Freight market was steady week over a week except for Cape. The cape index was down 16.32 percent week over week.
The Baltic ...
Friday, 07 April 17
INDONESIAN GOVERNMENT DECLARED SPOT COAL PRICES STAGE FIRST INCREASE OF THE YEAR
COALspot.com: Indonesian government declared coal benchmark price rose slightly in April, government data showed.
The benchmark price of Indon ...
Friday, 07 April 17
U.S WEEKLY COAL OUTPUT ALMOST FLAT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.5 million short tons ...
Thursday, 06 April 17
PANAMAX: THE MARKET HAS CONTINUED THE FIRM SENTIMENT FROM LAST WEEK IN BOTH HEMISPHERES - FEARNLEYS
Supramax
With holidays in Asia, the week has started very slow in Pacific. Some fixtures have still been done and levels have remained quite stab ...
|
|
|
Showing 2076 to 2080 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- VISA Power Limited - India
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Central Electricity Authority - India
- The University of Queensland
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- PTC India Limited - India
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
|
| |
| |
|
