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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...

Indonesian Govt Gets US$111M from Seven Gas Sale Deals

JAKARTA (TheInsiderStories)—Indonesian government is expecting get an additional revenues Rp1.49 trillion (US$111.08 million) from the signing of seven gas sale agreements involving major producers...

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...

Indonesia’s Pertamina Takes Over Eight Oil & Gas Blocks

JAKARTA (TheInsiderStories)—Indonesian government handed over the management of eight working areas (WA) that expired its contract in 2018 to PT Pertamina. The investment potential for...

Inalum Considers Selling Bonds to Buy Rio Tinto’s Stake

JAKARTA (TheInsiderStories)— PT Indonesia Asahan Alumunium (Inalum) is considering to raise funds through issuing bonds, as one of the options to fund the company's plan...

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...

Indonesia Sets 0.8% Lower Coal Reference Price in December

JAKARTA (TheInsiderStories) - The Ministry of Energy and Mineral Resources (MEMR) through the Directorate General of Minerals and Coal has set the Indonesia Coal Reference...

French’s Firms, PLN Signed Three Renewable Energy Projects US$367 Million

JAKARTA (TheInsiderStories) - PT Perusahaan Listrik Negara (PLN), a state-owned energy producer signed three agreements energy power generation from renewable energy with three energy...

Indika Buys into Kideco: 45% for US$677 million

JAKARTA (TheInsiderStories) - Indonesian integrated energy company PT Indika Energy Tbk (IDX: INDY) has become a majority shareholder in PT Kideco Jaya Agung, its unit....

Local Infrastructure Financing Still Dependent on Multilateral Loans

JAKARTA (TheInsiderStories) - As an archipelagic country, Indonesia has enormous potential of natural resources to be explored. The country of more than 250 million people is...

Electrical Power from Powerful Waves – Dutch Investors Keen

JAKARTA (TheInsiderStories) - Investors from the Netherlands have expressed interest in develop an ocean wave power plant under Pancasila-Palmerah bridge connecting Flores Island and Adonara...