Feb 17, 2015 | Commodities, Market
The benchmark WTI crude oil contracts for May 2015 edged up 2.47% to US$54.96 per barrel Monday (Feb 16), the highest in two months, as some bet prices have bottomed out. In this report: Financial performance of Elnusa (ELSA), an oil and gas supporting services...
Feb 17, 2015 | Commodities, Reviews
The race to get into the Muara Bakau Block is pretty much similar to competition between political groups (and their cronies) in the competition for 10% participating interest in Offshore Mahakam Block, the largest gas producing block, which is also located in East...
Feb 17, 2015 | Commodities, Reviews
Jangkrik gas project is one of major projects in oil and gas industry with over US$4 billion of investment. Jangkrik is located within the Muara Bakau Block, offshore East Kalimantan province, operated by Italian giant ENI. First gas is expected two years from now...
Feb 17, 2015 | Commodities, Reviews
Shares of coal producers end mixed in the region Monday (Feb 16). Rally in crude oil capped potential gain in coal sector amidst reports about production and sales of coal in China, the world’s largest consumer. January 2015 data from China Shenhua and China Coal...
Feb 16, 2015 | Commodities, Market
WTI crude oil rallied further by 2.47% to US$54.96 per barrel this morning. That means the commodity has gained 25% from its recent bottom. This might boost energy stocks, including oil and gas producers, in the region. Santos Ltd, for example, advanced 2.02% in...
Feb 16, 2015 | Commodities, Reviews
Government of Indonesia plans to boost revenues from coal miners by raising royalty from those operating under the mining business license (IUP) from the current level of 3-7% to 7-13.5% in order to meet the revised 2015 State Budget target. This is yet another...
Feb 13, 2015 | Commodities, Market
PT United Tractors (UNTR) Tbk, parent of Pamapersada Nusantara—the largest coal mining contractor in Indonesia, has just released its full year 2014 data. Pamapersada produced 9.9 million tons of coal in December, down slightly from November, but its overburden...
Feb 12, 2015 | Commodities, Reviews
Dispute over Tujuh Bukit copper-gold project also involed high politics when Indonesian investors led by Edwin Soeryadjaya were closely linked to the inner circle of then president Susilo Bambang Yudhoyono, while Intrepid Mines Ltd engaged one of most influential...
Feb 12, 2015 | Commodities
Crude palm oil (CPO) ended lower by almost 1% on the Bursa Malaysia Derivatives Wednesday (Feb 11) despite gains in some trading hours. WTI crude oil, meanwhile, retreated to below US$50 per barrel on Nymex few hours ago. The benchmark April 2015 contracts were traded...
Feb 10, 2015 | Commodities
The reference price of Indonesian thermal coal (CV 6322 Kcal/Kg GAR) for February 2015 down further by 1.44% to US$62.92 per ton (FOB vessel), the lowest level since June 2009. Low-calorie coal (4200 Kcal/Kg) also fell to US$35.72 per ton for the month. Compared to...
