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Desk Editor

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Singapore’s RH Petrogas Wins New 20-Year of Two Indonesian PSC

JAKARTA (TheInsiderStories) - Singapore’s RH Petrogas Ltd., has been awarded new 20-year contract terms for two production sharing contracts (PSC) in Indonesia, said the company on Monday (25/06). The company became the first winner of...

Indonesia’s Pertamina Claims Four Investors Interested in Mahakam Block

JAKARTA (TheInsiderStories) - Indonesia's oil & gas producer PT Pertamina claimed four international companies have shown their interests to manage the offshore Mahakam Block, the upstream director Syamsu Alam told reporters on Friday (22/06). He ensure the...

Unilever Indonesia Gets Approval to Sell Spread Business to KKR for US$209M

JAKARTA (TheInsiderStories) - Shareholders of PT Unilever Indonesia Tbk (IDX: UNVR) give approval on the sale of Spreads business assets which includes intangible assets, namely the right to distribute products with brands global trade Frytol, Blue Band...

Moody’s Upgrades Indonesia’s XL Axiata to Baa3

Singapore -- Moody's Investors Service has today upgraded to Baa3 from Ba1 the issuer rating of XL Axiata Tbk (P.T.) (XL). This is the first time Moody's has assigned an investment-grade rating to XL. The...

Energy Policy : OPEC Meeting May End Without Agreement

JAKARTA (TheInsiderStories) - The meeting of Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Switzerland may closed without an agreement amidst the divide opinion by the members. The countries stance is split over plans to...

Rabobank: Bye Bye Palm Biodiesel?

JAKARTA (TheInsiderStories) - A potential ban on palm oil in European Union (EU) biodiesel would mean Indonesia and Malaysia need to find alternative crude palm oil export markets for up to 2.6 million tonnes...

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...