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