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Global GDP Shrinks, ICP Declines to US$59.82 in October

JAKARTA (TheInsiderStories) -  Indonesian government set the Indonesian Crude Price (ICP) in October 2019 at US$59.82 a barrel followed the downtrend of global economic growth...

Toyota Produces EV Car, Indonesian Gov’t Regulate Tariff

JAKARTA (TheInsiderStories) - Local car maker, PT Toyota Motor Manufacturing Indonesia (TMMIN) is ready to start electric vehicle (EV) production at its factory located in...

Japan’s INPEX, Shell Signs an Amandment of Masela Block Contract

JAKARTA (TheInsiderStories) - Japan' INPEX CORPORATION (INPEX), through its subsidiary INPEX Masela, Ltd and its partner British' Shell Upstream Overseas Ltd., signed the amandment...

Indonesia Targets 31 Smelters Operated in 2022

JAKARTA (TheInsiderStories) - Indonesian government targets 31 nickel smelter to be operate in 2022, with 20 of them projected to be achieved next year...

Indonesia’s PLN Needs US$1B to Complete Eight Geothermal Projects

JAKARTA (TheInsiderStories) - State-owned power producer, PT Perusahaan Listrik Negara (PLN) needs an investment around US$1 billion to complete eight geothermal projects during 2023 -...

Businessmen Urges Resignation of Two Ministers, Director of PLN

JAKARTA (TheInsiderStories) - Indonesian Young Entrepreneurs Association urged two ministers and chief executive state-owned power producer, PT Perusahaan Listik Negara (PLN) to resign followed the...

Indonesia Builds Mentarang Hydroelectric Plant Next Year

JAKARTA (TheInsiderStories) - Indonesian aimed to built Mentarang Hydroelectric Power Plant, in North Kalimantan, with total costs US$2 billion starting 2020, said Coordinating Minister...

Indonesia Launches 16 Electricity Projects in West, East Nusa Tenggara

JAKARTA (TheInsiderStories) - Indonesia's Minister of Energy and Mineral Resources (MEMR) Ignatius Jonan launched 16 electricity infrastructure projects spread across West Nusa Tenggara and...

Indonesia Targets 12 Waste-based Power Plants Operates in 2022

JAKARTA (TheInsiderStories) - Indonesian government targeting to operate 12 waste-based power plants by 2022 and its expecting produce up to 234 megawatts (MW) of...

Indonesia Hands Over the Masela Block to Japan’s Inpex and British’s...

JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo handed over the Plan of Development (PoD) of Masela Block Oil and Gas Project in Tanimbar Islands,...

Indonesia Approves the Development Plan of Masela Block

JAKARTA (TheInsiderStories) - Indonesia' government has approved the latest revision of plan of development (PoD) of Masela block in the Arafura Sea North Maluku to...

Indonesia to Stops Raw Mineral Exports in 2022

Jakarta (TheInsiderStories) - Indonesian government ensured that after 41 smelters operating, the country will stop raw mineral exports in 2022. So far, most of...

Indonesia, Inpex Signs Abadi LNG Development Agreement

JAKARTA (TheInsiderStories) - Indonesian government and Japan' Inpex Corporation have signed a basic agreement regarding a revised plan of development (POD) for Abadi liquefied natural...

Indonesia, Kufpec Ventures Signs Anambas Block Contract

JAKARTA (TheInsiderStories) - Ministry of Energy and Mineral Resources (MEMR) and Kuwait-based energy firm Kufpec Regional Ventures (Indonesia) Ltd., officially signed the gross split...

Indonesia Cuts June Coal Benchmark Price to US$81.48 a Ton

JAKARTA (TheInsiderStories) - Indonesian government has set its coal benchmark price for June at US$81.48 per ton, sliced 0.46 percent from May at $81.86...

Indonesia Wins Two-Working Areas Auction US$116.7M

JAKARTA (TheInsiderStories) – Indonesian Ministry of Energy and Mineral Resources (MEMR) announces Kufpec Ventures (Indonesia) Ltd. and Sonoro Energy Ltd-PT Menara Global Energi consortium as...

Indonesia’s Pertamina Reduces Crude Oil Imports US$1.4B

JAKARTA (TheInsiderStories) – Indonesian state-owned energy producer, PT Pertamina was reduced the crude oil and condensate imports by around 50 percent in the first-four months of...

Insight: Downstream Projects for Mining Still Stagnant in the Widodo’s Term

JAKARTA (TheInsiderStories) – During Indonesian President Joko Widodo' term, the development of the downstream for mining sectors still stagnant. Even though this sector can provide...

Indonesia’s Geo Dipa Energi Invests US$300M to Build Geothermal Power Plants

JAKARTA (TheInsiderStories) – Indonesia's geothermal power producer PT Geo Dipa Energi resumed the construction of 2 units of geothermal power plants with an investment...

Number of Companies Eyes Indonesian Oil, Gas Blocks

JAKARTA (TheInsiderStories) - Indonesian Energy and Mineral Resources (EMR) ministry announced 18 local and foreign companies accessing the bidding documents for oil and gas working...

China’s Coal Consumption Stable in 2019

JAKARTA (TheInsiderStories) – China' coal consumption is expected to remain stable in 2019, and will likely see a fair balance between supply and demand, said...

Insight: Energy Mix to Avoid Hazards for the Environment

JAKARTA (TheInsiderStories) – Indonesia' dependence on crude oil use is still very high. But unfortunately, the country' oil reserves are currently only 3.15 billion...

Five Indonesia’s Mineral Firms Carry Out Divestment in 2019-2020

JAKARTA (TheInsiderStories) - Indonesia' Energy and Mineral Resources (EMR) ministry said there are five mineral companies that will carry out the divestment in 2019 - 2020....

Indonesia Plans to Sell LNG to Singapore

JAKARTA (TheInsiderStories) - Indonesia' Energy and Mineral Resources (EMR) official said, the country plans to sell liquefied natural gas (LNG) cargoes to Singapore starting this year....

Indonesia May Need US$2.1B to Cut Oil and Gas Deficit: Studies

JAKARTA (TheInsiderStories) – Indonesia will start facing oil and gas deficit in 2025, according to studies. The deficit is predicted to hit its peak...

Indonesia’s Pertamina Hulu Energi Manages Maratua Block

JAKARTA (TheInsiderStories) – Indonesian energy producer, PT Pertamina Hulu Energi (PHE) to manage the Maratua Working Areas located in Berau District, East Kalimantan Province,...

Indonesia Inks US$16M Oil and Gas Blocks Auction

JAKARTA (TheInsiderStories) – Indonesia Energy and Mineral Resources (EMR) ministry just signed an agreement over the third stage of oil and gas blocks auction....

Indonesia Medco E&P Manages Rimau Block

JAKARTA (TheInsiderStories) – Indonesian government through the Ministry of Energy and Mineral Resources (MEMR) handed over the management of Rimau block in South Sumatra...

Indonesia Sets DMO Allocation 128MT of Coal in 2019

JAKARTA (TheInsiderStories) – Indonesian government set coal supply for domestic market obligation (DMO) in total 128 million tons (MT) of coal, said the senior...

Indonesia Hopes Investment in Energy, Minerals Sectors Rise in 2019

JAKARTA (TheInsiderStories) – Indonesian government hopes the realization of investment in the energy and minerals sector will rise in 2019, said one senior official...