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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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- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
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- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
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- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
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- Bukit Makmur.PT - Indonesia
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- Sojitz Corporation - Japan
- VISA Power Limited - India
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
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- Thiess Contractors Indonesia
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- Petron Corporation, Philippines
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- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- The University of Queensland
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Mjunction Services Limited - India
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
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- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
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- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
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