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Indonesia’s Pertamina, Eni, Neptune Wins US$189M West Ganal Auction

JAKARTA (TheInsiderStories) - Indonesian Ministry of Energy and Mineral Resources (EMR) announced state-owned energy producer, PT Pertamina, Eni Indonesia Ltd and Neptune Energy West Ganal BV as...

Indonesia’s Pertamina CEO in Riau-1 Project Corruption Circles

JAKARTA (TheInsiderStories) — Today, Indonesia' Anti-graft Commission examine state-owned energy producer PT Pertamina' CEO Nicke Widyawati as a witness for Riau-1 Steam Power Plant...

Indonesia’s Pertamina Hulu Mahakam Constructs 3 Plants for US$105M

JAKARTA (TheInsiderStories) - Oil producer, PT Pertamina Hulu Mahakam (PHM), a unit of PT Pertamina Hulu Indonesia (PHI), start the construction of three offshore plant...

Pertamina, Pupuk Kujang Build the First Catalyst Plant in Indonesia

JAKARTA (TheInsiderStories) - The state-owned energy company, PT Pertamina together with PT Pupuk Kujang and PT Rekacipta Innovation Institute of Technology Bandung established a joint venture...

Indonesia’s Pertamina Need Funds US$133 Until 2026

JAKARTA (TheInsiderStories) - State run oil and gas holding, PT Pertamina, needs funding of US$133 billion until 2026 to boost the production capacity, said the...

Indonesia’s Pertamina Profit Stagnant Amid the Low Price

JAKARTA (TheInsiderStories) - The largest energy producers in Indonesia, PT Pertamina reported booked a net profit US$2.53 billion in 2019, same with last year' number. This...

Thohir Cut Half of Pertamina’s Board of Directors, Set Up Subholding

JAKARTA (TheInsiderStories) - State own enterprises minister, Erick Thohir, cut half of the energy producer, PT Pertamina' board of director at the shareholder meeting today...

Saudi Aramco Quits from Pertamina’s Cilacap Oil Refinery Project

JAKARTA (TheInsiderStories) - Saudi Arabian Oil Co., (Aramco) quit from Cilacap oil refinery project owned by energy firm, PT Pertamina after a long discussion, said...

Taiwan’s CPC, Pertamina to Build Petrochemical Complex in West Java

JAKARTA (TheInsiderStories) - A joint petrochemical complex planned by CPC Corp., from Taiwan and state-owned energy producer, PT Pertamina is to be built in Balongan, West Java,...

Pertamina, South Korean Firms Signed a Deal to Build RDMP in Indonesia

JAKARTA (TheInsiderStories) - Energy producer, PT Pertamina and a consortium of South Korean companies signed a memorandum of understanding to examine the business opportunities in...

COVID-19 Hit Pertamina, Net Profit Could Drops 51%

JAKARTA (TheInsiderStories) - CEO of energy producer, PT Pertamina, Nicke Widyawati told member of parliament that her company experienced triple shock during the COVID-19 outbreak. At...

Indonesia’s Pertamina Prepares Investment US$7.8B in 2020

JAKARTA (TheInsiderStories) - Indonesian largest oil and gas producer, PT Pertamina, prepared an investment US$7.8 billion in 2020 to continue aggressively drilling wells, said the CEO...

Indonesia’s Pertamina, PGAS Supply Gas to PLN

JAKARTA (TheInsiderStories) - State oil and gas producer, PT Pertamina and power producer, PT Perusahaan Listrik Negara (PLN) signed an initial deal to buy...

Indonesia Optimist to Attracts US$117B Oil, Gas Investment Until 2024

JAKARTA (TheInsiderStories) - The oil and gas sector is estimating still have a great opportunity to attract investors with a total investment value around US$117 billion...

Indonesia’s Pertamina offers Another Global Bond

JAKARTA (TheInsiderStories) - Indonesian energy producer, PT Pertamina, has plans to releases another global medium term notes (GMTN) under its US$10 billion program. The plan...

Pertamina, Eni Canceling Downstream Project Cooperation in Indonesia

JAKARTA (TheInsiderStories) - Energy producer, PT Pertamina and Eni S.p.A, an Italian multinational oil and gas company, has recalled the cooperation plans to explore downstream projects...

Indonesia Cuts Pertamina’s Oil Import to 50Mbbl in 2020

JAKARTA (TheInsiderStories) - Indonesia' energy and mineral resources (EMR) ministry ordered the top refiner, PT Pertamina to limit the purchase of crude oil from overseas to...

Indonesia’s Pertamina Integrates TPPI, Tuban Petro Refinery

JAKARTA (TheInsiderStories) - Indonesia’s state-owned oil and gas PT Pertamina is ready to integrate the PT Trans-Pacific Petrochemical Indotama (TPPI) refinery with the Tuban...

Indonesia’s Pertamina’s Spending US$7B Until 2023

JAKARTA (TheInsiderStories) - Moody's Investors Service expects PT Pertamina' capital spending over the next three years to average around US$7 billion annually as against...

Nindya Karya, South Korea’s Firm Signs Contract to Build Pertamina’s Projects

JAKARTA (TheInsiderStories) - Nindya Karya, state-owned construction firm signed and agreement with South Korea' DH Group to build refinery in Dumai and Rokan Block...

Pertamina Hulu Energy Raises Oil, Gas Lifting to 181,510 boepd in 2020

JAKARTA (TheInsiderStories) - PT Pertamina's subsidiary in the upstream oil and gas sector, PT Pertamina Hulu Energi (PHE) is targeting oil and gas lifting...

Indonesia’s Pertamina, MIND ID Build Raw Material Plant

JAKARTA (TheInsiderStories) - Two state-owned companies, PT Pertamina and PT Indonesia Asahan Alumunium (MIND ID) agreed to build Calcined Petroleum Coke (CPC). The new plant...

Italia’s Eni Completes East Sepinggan Sale to Neptune Energy

JAKARTA (TheInsiderStories) – Italian multinational oil and gas company Eni S.p.A (BIT: ENI) through its subsidiary Eni East Sepinggan Limited and Neptune Energy Group Limited's unit Neptune...

Pertamina Gets US$7B from Abu Dhabi Investors to Build Petrochemical Plant

JAKARTA (TheInsiderStories) - Indonesia fuel company, PT Pertamina granted investment from Abu Dhabi and Taiwan investors to build a petrochemical plant in Balongan Refinery,...

Indonesia’s Pertamina Allocates US$3.7B for Upstream Investment in 2020

JAKARTA (TheInsiderStories) - State energy holding company PT Pertamina will allocate at least US$3.7 billion to develop its upstream sector next year, from the...

Pertamina to Import 4.75Mbbl Crude Oil from America in 2020

JAKARTA (TheInsiderStories) - State-owned energy holding firm, PT Pertamina plans to import crude oil from the United States (US) as much as 4.75 million...

Indonesia’s Pertamina Production to Reach 910 MBOEPD This Year

JAKARTA (TheInsiderStories) - Indonesia’s state-owned oil and gas PT Pertamina estimates the production will be 910 thousand barrels of oil equivalent per day (MBOEPD)...

US’s ConocoPhillips, Pertamina Extends Corridor Block Contract Until 2043

JAKARTA (TheInsiderStories) - United States-based energy company ConocoPhillips (NYSE: COP), PT Pertamina Hulu Energy, and Talisman Ltd., on Monday (11/11) signed a contract extension...

The US$60B Indonesian Pertamina’s Projects will be Completed in 2021

JAKARTA (TheInsiderStories) - Indonesia is targeting six refinery projects worth US$60 billion of PT Pertamina to be completed in parallel in the next two...

Indonesia’s Pertamina Prepares US$1.5B to Excavate Mahakam Block

JAKARTA (TheInsiderStories) - Indonesian energy holding company, PT Pertamina prepared an investment US$1.5 billion to drill 257 wells at Mahakam Block during 2020 - 2022, said...