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Two Indonesia’s Oil dan Gas Production Areas Sold in Auction

JAKARTA (TheInsiderStories) - Indonesian Government’s auction on oil and gas working areas bore few fruits. Two working areas, South Jambi B and Banyumas, sold among six offered...

Indonesia’s Electric Car Regulation Releases Soon

JAKARTA (TheinsiderStories) - Indonesia's Ministry of Industry has completed an assessment of the planned presidential decree on electric car as part of government move to boost...

Indonesia Targets US$11B in Upstream Oil and Gas Investment

JAKARTA (TheInsiderStories) - Indonesia's Special Task Force for Upstream Oil and Gas Business Activities still optimistic the upstream oil and gas investments investment could reach US$11 billion...

Indonesia Sets Coal Price US$100.89 for October

JAKARTA (TheInsiderStories) - Indonesia set the coal price reference US$100.89 a ton for October or lowered 3.7 percent compared to last month, said the...

Indonesia Still Has a Gas Deficit in 2018

JAKARTA (TheInsiderStories) - Indonesia still experienced a gas balance deficit of US$7.2 million in August, said one senior official government on Monday (01/09). In 2017, the...

32 Indonesian Miners Proposes Additional Export 21.9MT of Coal

JAKARTA (TheInsiderStories) - A total of 32 coal miners proposed additional production with total amount of 21.9 million tons (MT) of coal by the end of this...

Indonesia’s Pertamina, Conoco Competes to get the Corridor Block

JAKARTA (TheInsiderStories) - Indonesia' state-owned energy firm PT Pertamina, the existing operators ConocoPhilips, and other investor had submitted a special proposal for the Corridor Block, whose...

Indonesia Will Auction West Kampar Block

JAKARTA (TheInsiderStories) - Indonesian government through the Ministry of Energy and Mineral Resources (MEMR) decided to auction the West Kampar Block because one of the rights...

Indonesian Govt, Parliament Set ICP US$70 for 2019

JAKARTA (TheInsiderStories) - Ministry of Energy and Mineral Resources (MEMR) and parliament agreed to set Indonesian Crude Price (ICP) 2019 pegged at US$70 a barrel...

B20 Not Yet Fully Implemented in Indonesia

JAKARTA (TheInsiderStories) – The use of biodiesel 20 percent (B20) as required by the government since Sept. 1, 2018 is not yet fully implemented due mainly...

Indonesia to Issues New Gas Balance

 JAKARTA (TheInsiderStories) -  Indonesian government will release a national gas balance which will show the total supply of gas, producers and consumers across the country....

Canada’s Sonoro Joined Indonesian Firm to Manages Budong Budong PSC

JAKARTA (TheInsiderStories) - Canadian venture exchange oil and gas publicly traded company, Sonoro Energy Ltd. (TSXV: SNV) has entered into a strategic alliance agreement with one of...

Indonesia Issues Mandatory Export Proceed Placed at Local Banks

JAKARTA (TheInsiderStories) - Indonesia government continues to strive to increase domestic foreign exchange reserves by requiring all export proceeds to put their revenues in the local...

Indonesia Offers Tarakan Block to Investors

JAKARTA (TheInsiderStories) - Director General of Oil and Gas for Minister of Energy and Mineral Resources (MEMR) Djoko Siswanto said, the government plans to auction...

Policy Review: Electricity Subsidy Swells to US$4B, Hit PLN’s Finances

JAKARTA (TheInsiderStories) - Indonesia government projected the electricity subsidies will swell to Rp59.99 trillion (US$4.18 billion) from the initial budget that has been targeted in...

Indonesia’s PLN Appeals Gas Price for DMO US$6.5

JAKARTA (TheInsiderStories) - Indonesia's power producer PT Perusahaan Listrik Negara (PLN) appealed to the government gas prices for Domestic Market Obligation (DMO) can be...

Indonesia Freezes Pertamina Deal With National Iranian Oil

JAKARTA (TheInsiderStories) - Indonesia’s government decided to freeze the state-owned energy producer PT Pertamina’s deal to operate the Mansouri oil field in Iran over because it...

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...

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...

Three PSCs Signed Under Gross Split Scheme

Jakarta(TheInsiderStories)--Indonesia state-owned oil and gas holding firm PT Pertamina and foreign oil and gas companies signed production sharing contract (PSC) under gross split scheme...

Italian’s Eni Get Approvals To Develop Merakes Field in Indonesia

(TheInsiderStories) – Italia's Eni announced the approval of the Plan of Development for the Merakes field located in the East Sepinggan PSC in the...

UK’s Range to Start Producing Oil at Perlak Field in Mid...

JAKARTA (TheInsiderStories) - Range Resources Ltd., a U.K.-based oil and gas company with assets in Trinidad and Indonesia, said it targets to commence first oil...

Indonesia Will Summon Freeport on Environmental Damage

JAKARTA (TheInsiderStories) - Indonesian Government to sue the U.S. gold and copper miner Freeport Mcmoran Inc. (NYSE: FCX) for polluting the environment, said one...

Indonesia Caps Coal Prices for Power at US$70

JAKARTA (TheInsiderStories) - The Indonesian Government has decided to cap ceiling price of coal for domestic market obligation (DMO) at US$70 per ton, for...

Policy Review: Slash Tax to Stimulate Electric Cars

JAKARTA (TheInsiderStories) – The Government is drafting a regulation that will slash the luxury goods sales tax and import duty of electric car, as an...

U.S’ Continental to Build Oil Refinery in Indonesia

JAKARTA (TheInsiderStories) - U.S's Continental Energy Corporation (OTCQB:CPPXF) announced that it has established PT Kilang Kaltim Continental (KKC), an Indonesian subsidiaries. KKC's investment license permits it to...

Policy Brief: Indonesia Bad Deal with Freeport

JAKARTA (TheInsiderStories) – The long-drawn-out negotiations between the Indonesian government and U.S. miner Freeport McMoRan Inc. (NYSE: FCX) has resulted in absolutely no progress, although...

Indonesia Targets to Produce 485MT Coals in 2018

JAKARTA (TheInsiderStories) - Indonesia will produce 485 million metric tons (MT) of coal in 2018 or up 5 per cent from last year, the...

Morning Briefs – Jan. 3

JAKARTA (TheInsiderStories) – Good morning. Followings are some relevant news that might help your business decisions today: Darmin Sees 50 Companies Go IPO in 2018 Coordinating Minister...

Gross Split Scheme Expected to Boost Investment

JAKARTA (TheInsiderStories) - After a long wait, the Indonesian Government has finally issued a favorable tax ruling to be applied to oil and gas production sharing...