Jan 20 (Reuters) – BHP Billiton could show stronger-than-expected quarterly production of Australian coal this week on the back of a trend of rising shipments from a key mining state.
Read more at: http://www.reuters.com/article/2014/01/20/australia-bhp-idUSL3N0KU1A820140120
BOGOTA, Jan 13 (Reuters) – Colombia’s coal exports are set to plunge from Tuesday as a ban on ship loading by U.S.-based miner Drummond takes effect, with little immediate hope for a near-term recovery in shipments as a last-ditch workaround was ruled out.
Steam coal shipments are expected to drop by about a third until March after Colombia’s government enforced a law that took effect on Jan. 1 only allowing coal exporters to load ships using enclosed conveyor belts and outlawing the use of cranes and barges. Efforts to find an interim solution have been unsuccessful.
Read more at: http://in.reuters.com/article/2014/01/13/coal-colombia-idINL2N0KN0X820140113
KOLKATA (miningweekly.com) – India over the weekend unveiled 46 oil and gas blocks that would be put up for auction for development by domestic and foreign investors, but the government is yet to finalise a policy framework, casting doubts over the response from foreign majors.
The federal government has not yet firmed up whether successful bidders would have to enter into production-sharing contracts with the government, as was the case with previously allocated blocks, or if they would be required to sign revenue-sharing agreements, as was preferred by the Oil and Gas Ministry.
Read more at: http://www.miningweekly.com/article/india-unveils-oil-gas-block-for-auction-but-lacks-policy-framework-2014-01-13
Indonesia’s state-owned oil and gas firm PT Pertamina expects its net profit to rise by 12.79 percent to $3.44 billion next year as the revenue from downstream and upstream business spheres pick up, a statement from the company said on Thursday.
Upstream business was expected to contribute more than 50 percent of the total business profits, boosted by a rise in production from existing fields and new fields obtained from merger or acquisition activities.
PT Pertamina expects to produce about 284,000 barrels of oil per day and 1,567 MMscfd (million standard cubic feet per day) gas or equivalent with 554,700 barrels of oil per day next year.
Read more at: http://www.globaltimes.cn/content/834362.shtml#.UrxaItJDtrM
The Government has asked Coal India Ltd to identify at least six ‘big-size’ mines, which would be offered under public-private partnership (PPP) contracts, in the current fiscal. These contracts are targeted to attract global miners such as BHP Billiton, Rio Tinto and Xstrata.
“These mines would be offered at quote per tonne basis. Coal India has been asked to identify mines with at least 10-15 million tonnes a year capacities,” a Senior Coal Ministry official told Business Line.
PPP model
Under the PPP model, drafted by the Coal Ministry along with the Planning Commission, Coal India would support the private company with requisite clearances such as forest, environment, land acquisition and rehabilitation. Generally, the life of a mine would vary between 20 and 25 years, wherein the mine developer would pay per tonne cost to Coal India.
America’s energy boom will continue for decades, and natural gas will replace coal as the largest source of U.S. electricity by 2040, the Department of Energy forecast today.
U.S. production of crude oil will increase through 2016, when it will approach the record set in 1970, before leveling off and then slowly declining after 2020. Natural gas production will grow steadily, jumping 56% from 2012 to 2040, according to an early release of an annual report by DOE’s Energy Information Administration.
Read more at: http://www.usatoday.com/story/news/nation/2013/12/16/doe-forecast-natural-gas-boom/4034723/
SAN DIEGO, Dec. 12, 2013 /PRNewswire/ — Maxwell Technologies, Inc. (Nasdaq: MXWL), a leading developer and manufacturer of ultracapacitor-based energy storage products, announced today that it has signed a Memorandum of Understanding with SK Innovation, a subsidiary of SK Holdings and Korea’s leading energy provider, to develop next generation energy storage solutions leveraging the complementary characteristics of SK’s lithium ion batteries and Maxwell’s ultracapacitors.
Read more at:
http://online.wsj.com/article/PR-CO-20131212-906263.html?dsk=y
Royal Dutch Shell plans to increase its investment in Indonesia to $25 billion in the next 10 years to develop oil and gas fields, according to Energy and Mineral Resources Minister Jero Wacik.
The investment by the Anglo-Dutch energy company will be allocated for the development of oil and gas blocks in Masela, in Maluku province as well in as other regions.
Masela Block is estimated to have 18.47 trillion cubic feet of proved and probable gas reserves, as certified by consultants DeGolyer & MacNaughton.
Read more at:
http://www.thejakartaglobe.com/business/shell-said-to-be-investing-25b-in-indonesia-jero/
LONDON–Anglo-Australian natural resources company BHP Billiton Ltd. (BHP) plans to spend $4 billion annually to grow its U.S. onshore oil and gas production to 500,000 barrels of oil equivalent a day by the financial year 2017.
This includes growing its U.S. shale gas business to 200,000 barrels of liquids a day during the same period ending June 30, 2017. Based on this scenario the U.S. onshore business is expected to be self-funding in the 2016 financial year before generating almost $3 billion of free cash flow in the 2020 financial year.
Read more at: http://online.wsj.com/article/BT-CO-20131210-705236.html?dsk=y
BHP Billiton says gas exports from North America could account for 11 per cent of Asian demand by 2030, but this will still be less than half the amount exported to the region by Australia.
It made the prediction at the start of a week-long update on its oil and gas division in Houston, where it is expected to reveal more about the future of its US shale business on Wednesday.
With significant gas interests in both continents, BHP is well placed to comment on the running debate over whether the modern gas boom in North America will hurt Australia by crowding out its prime export markets in Japan, Korea and the rest of North Asia.
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