Mar 13, 2015 | Commodities, Market
Indonesian government plans to change its policy on export tax of crude palm oil (CPO) after more than six months generating no revenue due to falling prices in international market. Under the existing regulation, if international CPO prices drop below $750 per ton,...
Mar 12, 2015 | Commodities, Market, Reviews
SGX-listed oil and gas explorer Interra Resources Ltd, controlled by Edwin Soeryadjaya, initially agreed to pay US$78.5 million for PT Benakat Petroleum, subsidiary of Benakat Integra (BIPI), which controls West Benakat KSO. That was in September 2013, when oil was...
Mar 12, 2015 | Commodities, Market
Shares of coal producers were mostly in green Thursday morning even though WTI crude oil hovers around US$48 per barrel. Whitehaven Coal Ltd led with 4.5% gain on ASX after securing A$1.4 billion refinancing facilities. Also in this report: Pan Asia, Kangaroo...
Mar 11, 2015 | Commodities, Market
Conflicts at KUD Dharma Tani Marisa, which holds concession for Pani Gold Project in North Sulawesi, continued. Two conflicting groups held separate meetings on January 27 and March 2nd, 2015 respectively. The later, according to One Asia Resources, was attended by...
Mar 11, 2015 | Commodities, Market, Reviews
Adaro Energy (ADRO), second largest coal producer in Indonesia, booked net profit of US$178.16 million last year, declined by 23.85% from 2013 due to falling prices and higher finance costs. ADRO’s sales revenue inched up 1.23% last year as higher volume offset...
Mar 10, 2015 | Commodities, Market, Politics
Lots of people continue to ask what kind of decision the government will make on Offshore Mahakam Block or whether the decision will apply to other blocks to expire in the coming years. We are not in a position to give you a straightforward answer, because there is no...
Mar 10, 2015 | Commodities, Market, Politics
A team to reform governance in oil and gas sector led by economist Faisal Basri recommended an end to 10% participating interest for provincial and regency/municipality administrations in the country’s oil and gas blocks via amendment of oil and gas law. Some...
Mar 10, 2015 | Commodities, Market, Reviews
News about China’s plan to cut thermal coal consumption of 160 million tons in the coming years has practically ended rally of coal prices in the seaborne market recently. The world’s largest consumer of coal would continue to shift to cleaner energy sources,...
Mar 9, 2015 | Commodities, Market, Reviews
The benchmark May contracts of crude palm oil (CPO) gained RM16 to RM2304 per ton on the Bursa Malaysia Derivatives this morning, lifted by recovery in crude oil and lower output of CPO in both Indonesia and Malaysia. CPO lost significantly late last week on weak...
Mar 7, 2015 | Commodities, Market, Politics
Five ministers held a meeting Saturday, March 7, to discuss a proposal from state-owned oil and gas company Pertamina regarding the future of Indonesia’s largest gas producing block, Mahakam Offshore in East Kalimantan province. The meeting is interesting for...
