May 18, 2015 | Commodities, Market, Politics
Indonesia is considering rejoining the Organisation of the Petroleum Exporting Countries as an observer after leaving the group six years ago, Wall Street Journal reported two weeks ago. The idea was emerged just when Indonesia’s deficit of oil and gas ballooned...
May 17, 2015 | Commodities, Law, Market
On Friday, May 15, exactly one week after minister of energy and mineral resources Sudirman Said issued Regulation No. 15/2015, CEO of Total Patrick Pouyanne met President Joko ‘Jokowi’ Widodo at the State Palace. Some media reports issued misleading...
May 15, 2015 | Commodities, Market
Shares of coal producers end mixed in the region Friday (May 15) as investors were not sure about direction of energy market. China Coal Energy Co Ltd gained 1.7% in Hong Kong on slight improvement in coal sales in China, while Adaro Energy retreated 2.7% in Jakarta....
May 15, 2015 | Commodities, Law
While state-owned oil and gas Pertamina is given opportunity to get into the expired oil and gas blocks, it is not an automatic process as demanded by the Company’s supporters. Pertamina’s applications and proposals are also subject to thorough evaluation...
May 15, 2015 | Commodities, Law
Minister of energy and mineral resources Sudirman Said has on Friday, May 8, signed Regulation No, 15/2015 about management of oil and gas working areas, whose production sharing contracts (PSCs) are about to expire. What’s in there? Implications to oil and gas...
May 15, 2015 | Commodities, Market
The benchmark July contracts of crude palm oil (CPO) gained slightly by RM7 to Rm2213 per ton on Bursa Malaysia Derivatives Friday (May 15) morning as WTI crude oil retreats to below US$60 per barrel, while more plantation companies reporting higher output of CPO in...
May 14, 2015 | Commodities, Market
PT Medco Energi Internasional (MEDC) Tbk has finally issued its S$100 million 5.9% Notes due 2018 as part of its S$500 million multi currency Notes program listed on the bonds market of Singapore Exchange (SGX). The first Notes will be listed and quoted in the bonds...
May 13, 2015 | Commodities, Market
Shares of plantation companies gained significantly in the past few trading sessions even though crude palm oil (CPO) remains under pressure in both physical and futures market. Today, for example, Astra Agro Lestari (AALI) advanced 6.42%, while PP London Sumatra...
May 12, 2015 | Commodities, Market, Reviews
Gold hovers around US$1200 per ounce, way below its peak. That, however, doesn’t prevent PT Merdeka Copper Gold Tbk to kick off the initial public offering (IPO) of 874.36 million shares. At the same time, Merdeka Copper Gold issues new shares for the execution...
May 12, 2015 | Commodities, Market, Reviews
The board of Asia Resource Minerals Plc, which controls majority shares of PT Berau Coal Energy (BRAU) Tbk, continues to promote Nathaniel Rothschild’s proposal for a US$100 million rights issue, arguing of limited cash to make a principal repayment of US$450...
