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Indonesia’s Pertamina EP Completes Two Oil and Gas Blocks

JAKARTA (TheInsiderStories) - PT Pertamina EP, an oil and gas producer under PT Pertamina, has completed SP Bambu Besar and SKG Betung projects in this month....

Indonesia will Auctions 68 Unexplored Oil and Gas Basin in 2021

JAKARTA (TheInsiderStories) - Indonesia will auction around 68 unexplored offshore oil and gas basins starting next year to attract new investment in these sector, said the...

Indonesia Invites Investor to Work on the East Natuna Block

JAKARTA (TheInsiderStories) - The special task force for upstream oil and gas business activities (SKKMigas) invited investor works on the East Natuna Block (Natuna D-Aplha), said...

Indonesian Oil and Gas Lifting Reaches 1.9MBOEPD in Third Quarter

JAKARTA (TheInsiderStories) - The Special Task Force for Upstream Oil and Gas Business Activities (SKKMigas) reported the realization of oil and gas lifting reached 1.913 million barrels...

Russia’s Zarubezhneft Investing in Tuna Block PSC

JAKARTA (TheInsiderStories) - ZN Asia Ltd., the unit of Russia' oil and gas company, Zarubezhneft, entered Indonesia by acquiring 50 percent of Premier Oil' participating...

Indonesia Give Stimulus to Curbs Declining Investment in the Energy Sector

JAKARTA (TheInsiderStories) - Indonesian government ensures to maintain the investment climate of upstream oil and gas sector during the pandemic by giving nine stimulus packages. Earlier,...

Pertamina Can’t Absorbs, Indonesia will Export Banyu Urip’s Crude Oil

JAKARTA (TheInsiderStories) - The Special Task Force for Upstream Oil and Gas Implementation (SKKMigas) plans to export crude oil from Banyu Urip field in Cepu, East...

Italian Eni Kicks Off Gas Production from Jangkrik Block

JAKARTA (TheInsiderStories) - The oil and gas producer from Italy, Eni S.p.A has started the gas production from the Jangkrik block in the Muara Bakau, Kutei...

Chevron Indonesia Drills Rokan Block, Pertamina Seeks Partners

JAKARTA (TheInsiderStories) - PT Chevron Pacific Indonesia and Special Task Force for Upstream Oil and Gas Business Activities (SKKMigas) signed a head of agreement...

Indonesia’s MedcoEnergi Plans to Buyback US$182M of Bonds

JAKARTA (TheInsiderStories) - Oil and gas firm, PT Medco Energi Internasional Tbk (IDX: MEDC) plans to speeding up an early repayments US$2.7 trillion (US$182.43 million) it...

Indonesia’s Oil and Gas Lifting in 2021 Unchanges

JAKARTA (TheInsiderStories) - The producers and the Special Task Force for Upstream Oil and Gas Business Activities (SKKMigas) agreed the oil and gas lifting in 2021...

Indonesia’s Pertamina Receives Injection US$141M from Widodo

JAKARTA (TheInsiderStories) - President Joko Widodo injects assets worth of Rp2.1 trillion (US$141.89 million) to PT Pertamina to improve the capital structure of the...

Indonesia’s Medco E&P Finds Oil and Gas Reserves in Natuna

JAKARTA (TheInsiderStories) - Oil and gas producer, PT Medco E&P Natuna has found an additional oil and gas reserves in Terubuk-5 exploration well in the...

Phoenix Petroleum Partnering with Pertamina to Enter Southeast Asian Market

JAKARTA (TheInsiderStories) - Phoenix Petroleum Philippines Inc., and PT Pertamina has signed a fuel product supply and other trading activities in Indonesia and Philippines as part...

Indonesia’s MedcoEnergi Get Permits to Operate Paus Biru Field

JAKARTA (TheInsierStories) - Medco Energy Sampang Pty. Ltd, a subsidiary of oil and gas producer, PT Medco Energi Internasional Tbk (IDX: MEDC), has get the permit...

Indonesia’s Pertamina Financial Hit by Triple Shocks in 1H 2020

JAKARTA (TheInsiderStories) - Indonesian major energy producer, PT Pertamina, reported net loss US$767.91 million in the first semester (1H) of 2020, hit by a triple...

Repsol Urged to Submit Indonesia’s Asset Development Plan

JAKARTA (TheInsiderStories) - Special Taks Force for Upstream Oil and Gas Business Activities (SKKMigas) urged the Spanish oil and gas producer, Repsol S.A., to immediately...

Indonesia’s Elnusa to Release SUKUK US$48M in this Month

JAKARTA (TheInsiderStories) - PT Elnusa Tbk (IDX: ELSA), a subsidiary of state-owned energy firm, PT Pertamina plans to issues SUKUK with total amounts  Rp700 billion (US$48.28...

Chevron offers Indonesia’s IDD Block to ENI

JAKARTA (TheInsiderStories) - American multinational firm, Chevron Corp., (NYSE: CVX) said pulled out from the Indonesia Deepwater Development (IDD) block in East Kalimantan and...

Indonesia Offers 10 Oil and Gas Working Areas in This Year

JAKARTA (TheInsiderStories) - Indonesian government offers 10 oil and gas working areas in this year, said the official on Wednesday (08/05). The projects include direct offers for...

Global Investment in Upstream Businesses to Fall 30% in 2020

JAKARTA (TheInsiderStories) - Head of the special task force for upstream oil and gas business activities (SKKMigas), Dwi Soetjipto, sees the global investment in these...

Indonesia Regulates the Oil and Gas Contract

JAKARTA (TheInsiderStories) - Indonesian government frees the manager of oil and gas working area to determine a business scheme that is believed to provide confidence...

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...

MedcoEnergi Targeting More Than US$207M from Rights Issue

JAKARTA (TheInsiderStories) - Issuer in the oil and gas sector, PT Medco Energi Internasional Tbk (IDX: MEDC) is eyeing fresh funds more than Rp3...

Indonesia’s Sillo Maritime Wins US$138M Contract from Petrostar

JAKARTA (TheInsiderStories) - Sea transportation service company, PT Sillo Maritime Perdana Tbk (IDX: SHIP) has received an extension of the vessel's lease contract from...

KLD Field Owned by PHE OWNJ Starts Production Early Next Year

JAKARTA (TheInsiderStories) - PT Pertamina Hulu Energi Offshore North West Java (PHE ONWJ) is targeting to produce oil and gas from the KLD field...

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 MedcoEnergi Looking for Funding US$150M in 3Q 2020

JAKARTA (TheInsiderStories) - PT Medco Energi Internasional Tbk (IDX: MEDC) seeks a fresh funding US$150 million from the rights issue program in the third quarter (3Q)...

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...