News

Charltons wins Euromoney Asia Women in Business Law Award

Charltons Euromoney Award November 2013 v2 p1    

CHARLTONS WINS EUROMONEY ASIA WOMEN IN BUSINESS LAW AWARD

November 2013. Hong Kong leading boutique law firm, Charltons, has been named Hong Kong’s top Independent Law Firm in the Euromoney Asia Women in Business Law Awards 2013 for the second consecutive year. Charltons was also shortlisted for the best independent Hong Kong firm for work-life balance. These awards recognise the achievements and advancement of women in the legal professional throughout the Asia region.

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Natural Resources Newsletter - 24 October 2013

            

Malaysia's PETRONAS Carigali (Petronas) plans to drill exploration wells at two upper Myanmar onshore blocks in January 2014. It acquired the two blocks RSF-2 and RSF -3 in a 2011 bidding round. Petronas' General Manager Mr. Ahmad Lutipi Haron said "We have already finished early exploration and geophysical analysis and can start drilling exploration wells early next year." The blocks might be operational by 2018. Petronas has exported 400 million cubic feet of natural gas through Thailand's PTTEP from the Yetagun offshore block. ( From Weekly Eleven News, 21 October 2013)

Read more: Natural Resources Newsletter - 24 October 2013

 

Natural Resources Newsletter - 17 October 2013

      

MYANMAR ONSHORE TENDER WINNERS ANNOUNCED

The Myanmar Oil and Gas Enterprise (MOGE) has announced the winners of the Myanmar onshore oil and gas tenders. In January 2013 MOGE offered to tender 15 production sharing contracts (PSCs) and 3 improved petroleum recovery contracts (IPRCs). 13 of the 15 PSCs and all 3 IPRs were awarded.

Read more: Natural Resources Newsletter - 17 October 2013

 

Natural Resources Newsletter - 08 October 2013

    

INTERNATIONAL ENERGY AGENCY PUBLISHES SOUTHEAST ASIA ENERGY OUTLOOK REPORT

On 2 October 2013 the International Energy Agency (IEA) published its Southeast Asia Energy Outlook report (Report). The report was prepared in response to discussions by Ministers gathered at the Sixth East Asia Summit Energy Ministers Meeting on 12 September 2012, in Phnom Penh, Cambodia. The IEA were assisted in their research by a number of international experts from different energy related fields.

Read more: Natural Resources Newsletter - 08 October 2013

 

Natural Resources Newsletter - 02 October 2013

    

RIO TINTO'S AND CHALCO'S GUINEA IRON ORE DEVELOPMENT MAY COMMENCE PRODUCTION AHEAD OF SCHEDULE

Mining.com has reported that Hong Kong listed Chalco (02600) is to transfer its $1.8 billion investment in its Guinea iron ore project to its state-owned parent company. The possible transfer has been interpreted as a sign that China may be considering increasing its investment in the ambitious $20 billion project. The project is 51% owned by Rio Tinto, with Chalco having a 45% share. The remainder is owned by of the World Bank. The project located in Simandou in the Nzérékoré Region of south-eastern Guinea, aims to produce 95 million tonnes per year and has the potential to shift the balance in the global iron ore trade.

Read more: Natural Resources Newsletter - 02 October 2013

 

Natural Resources Newsletter - 19 September 2013

     DALIAN COMMODITY EXCHANGE TO LAUNCH IRON ORE FUTURES TRADING

The Dalian Commodity Exchange (DCE) has received regulatory approval from the China Securities Regulatory Commission (CSRC) to launch trading of China’s first iron ore futures, according to an article in the South China Morning Post. The DCE’s iron ore futures will be the world’s first physically backed derivatives contract, and will compete against cash-settled iron ore swaps contracts cleared by the Singapore Exchange (SGX) and CME Group.

Read more: Natural Resources Newsletter - 19 September 2013

 

Natural Resources Newsletter - 13 September 2013

 

    

CHINA TO LEND UP TO $2 BILLION TO SOUTH SUDAN FOR MIING AND OTHER DEVELOPMENT PROJECTS 

China will lend South Sudan up to US$2 billion to fund infrastructure, power and agricultural projects, according to a report from Reuters. The announcement was made by the South Sudanese petroleum and minister Stephen Dhieu Dau, speaking at a joint news conference with the Chinese ambassador Ma Qiang. The two countries will also conduct South Sudan's first geological survey, funded by a $43 million loan from China.

 

 Read more: Natural Resources Newsletter - 13 September 2013

U.S. - Shale adds 47% to global gas reserves, 11% to global oil: EIA study

A report prepared by Advanced Resources International (ARI), has been released as part of a U.S. Energy Information Administration (EIA) report titled “World Shale Gas Resources: An Initial Assessment of 14 Regions Outside the United States”.

Read more: U.S. - Shale adds 47% to global gas reserves, 11% to global oil: EIA study

Myanmar - The Letpadaung Taung Investigation Commission issues final report into the Letpadaung Taung copper mining project

The Letpadaung Taung Investigation Commission (“Commission”) has issued its complete and final report (“Report”) into the Letpadaung Taung copper mining project (“Project”).  The Letpadaung deposit is one of four significant mineralized deposits located in west central Myanmar; approximately 5 kilometres west of the town of Monywa situated 110 kilometres west of Mandalay and 832 kilometres north of Yangon.

Read more: Myanmar - The Letpadaung Taung Investigation Commission issues final report into the Letpadaung...

Myanmar - Government of Myanmar issues an Invitation for bids for offshore areas

On 11 April the Ministry of Energy (“MOE”) of the Government of the Republic of the Union of Myanmar (“Government”) issued an Invitation for bids to conduct petroleum operations in the Myanmar offshore areas (2013) (“Offshore Bidding Invitation”) in relation to both shallow and deep water blocks.  The issuance of the Offshore Bidding Invitation follows on from the recently closed onshore bidding process (“Onshore Bidding Invitation”) following which 59 companies were shortlisted for a second round evaluation and data disclosure. The closing date for submissions is 14 June 2013.  Of the 11 shallow water blocks, 3 are located in the Rakhine offshore area, 2 in the Moattama offshore area and 5 in the Tanintharyi offshore area. Of the 19 shallow water blocks, 12 are located in the Rakhine offshore area, 3 in the Moattama offshore area and 4 in the Tanintharyi offshore area.

Read more: Myanmar - Government of Myanmar issues an Invitation for bids for offshore areas