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Desk Editor

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Japan’s Chiyoda Wins Pre-FEED Contract of INPEX’s Masela Block

JAKARTA (TheInsiderStories) - Consortium Japan's Chiyoda Corp., and local firm PT Synergy Engineering announced has been won a front-end engineering design (Pre-FEED) contract by INPEX Corp., for the Subsea Umbilicals Risers and Flowlines and...

South Korean LS Cable, AG Group Constructs Electric Cable Plant in Indonesia

JAKARTA (TheInsiderStories) - South Korean company LS Cable & System and local conglomeration company Artha Graha Group (AG Group) through its unit PT Artha Metal Sinergi to construct an electric cable factory in West Karawang, West...

UK’s Andalas Energy Looking Indonesian Asset

JAKARTA (TheInsiderStories) - United Kingdom’s Andalas Energy and Power PLC (LON:ADL) looking the potential purchase of an interest in an oil and gas asset in Indonesia, said the company in a statement on June 15. One of the...

Moody’s: Toyota’s US$1B Investment in Grab is Credit Positive for Both

JAKARTA (TheInsiderStories) - Last Wednesday, Toyota Motor Corporation (Aa3 stable) announced that it will invest US$1 billion in Grab Holdings Inc., a Singapore-based ride-hailing service provider, to expand their collaboration in Southeast Asia. Vice President – Senior...

Commodity Market: Oil Prices Rally as U.S Stocks Fall

JAKARTA (TheInsiderStories) - Crude oil price rally continued, after oil stocks in the United States fell significantly after dropped last week over concerns of rising global supplies, as well as Saudi Arabia and other major producers...

Indonesia’s Pertamina Signs Fuel Contract with Saudi Aramco

JAKARTA (TheInsiderStories) - Saudi Aramco to start supply gasoline to Indonesia's oil & gas producer PT Pertamina starting July, said traders last week. Its trading armed Saudi Aramco Products Trading Company will be supplying a total...

Indonesia PLN’s Natural Gas-fired Power Plant Operates

JAKARTA (TheInsiderStories) - Japan's Mitsubishi Hitachi Power Systems, Ltd. (MHPS) has completed the construction the first unit of natural gas-fired power generation facility of the Tanjung Priok Power Plant owned by a state-owned electricity...

Indonesia’s MedcoEnergi Renew Oil & Gas Contracts in Libya

JAKARTA (TheInsiderStories) - Indonesia's energy company PT Medco Energi Internasional Tbk (IDX: MEDC) renew oil and gas contracts with the Libyan Investment Authority (LIA) to extend the previous agreement between the two sides related...

Indonesia Set Thermal Coal Price References US$96.61 in June

JAKARTA (TheInsiderStories) - Indonesia's Ministry of Energy and Mineral Resources (MEMR) define thermal coal reference price at US$96.61 per metric ton (Mt), or up 7.9 percent compared to last month $89.53 Mt and 28 percent from...

BI Have No Plan to Impose Tax on Foreign Capital Inflows

JAKARTA (TheInsiderStories)—Bank Indonesia (BI) have no plan to impose tax on yields of foreign capital inflows, the governor said on June, 9. Recently, there is a report the central bank to regulate the inflow of...