indonesia

Global Oil & Gas: Net Oil Importer Indonesia Leaves Producer Club OPEC, Again – Reuters reports

Posted on December 2, 2016 by Mozambique Resources Post

Indonesia has suspended its membership of the Organization of Petroleum Exporting Countries (OPEC), less than a year after rejoining the cartel, as the net oil importer said it could not agree to the group’s production cuts.

Global Coal Investing in 2015: Another Tough Year

Posted on December 2, 2015 by Mozambique Resources Post

At the end of 2015, analysts were saying that a material recovery in coal prices was still a few years away.

Global Mining: Moody’s to keep Vale´s rating, outlook

Posted on August 14, 2015 by Mozambique Resources Post

Moody’s credit rating agency said on Wednesday, 12th, the Baa2 rating and negative outlook of Vale SA are not affected by the lowering of the note of Brazil. On Tuesday, 11th, the agency downgraded the country’s rating to Baa3 and changed the outlook to negative from stable.

On The Neighbourhoods: Sonangol plans to start selling oil to Pertamina

Posted on November 4, 2014November 4, 2014 by Mozambique Resources Post

Angola’s state-owned oil company Sonangol intends to start selling crude oil to Pertamina, its counterpart in Indonesia, from 2015, the company’s president, Francisco de Lemos Jose Maria said in Jakarta. Indonesia has failed to attract sufficient investment to seek to reverse the downward trend tin the country’s oil production, currently about half the peak of 1.6 million barrels recorded in 1995, although it needs five times more to meet the needs of its population and industry.

“MOZAMBIQUE OIL & GAS ROVUMA REVENUES AT RISK??” CIP- CENTER FOR PUBLIC INTEGRITY ASKS

Posted on June 16, 2014 by Mozambique Resources Post

A report by Report By CIP – Center for Public Integrity says “Inflated Exploration Costs Undermining Future Government Revenue”. Extractive sector companies regularly avoid taxes by exaggerating expenses. Through 2012, Anadarko claimed exploration costs in Mozambique of $700 million. One year later they claimed exploration costs of $3 billion. The Government should immediately audit exploration expenses for Anadarko and ENI. The contracts allow for an initial audit of the last three years, with provision to go…

Global Coal Mining Industry: We Just Got 3 Signs of A Turnaround In Coal

Posted on June 10, 2014 by Mozambique Resources Post

It seems to be the darkest hour in the thermal coal market right now. Prices in key markets like Australia have dipped to multi-year lows. With benchmark Newcastle coal currently going for near $70 per tonne–down nearly 50% from the peak of $140 we saw in 2010.

Global Coal Mining Industry: Are These Signs of Coal’s New World Order?

Posted on June 4, 2014 by Mozambique Resources Post

A few interesting data points from different parts of the world in coal this week. Which could be signalling a big change underway in global production patterns.