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Australia’s Star Phoenix Consideres to Divest Indonesian Unit

JAKARTA (TheInsiderStories) - Star Phoenix Group Ltd., (AIM: STA), an international company, considers to released its oil and gas interest in Indonesia, said the company on Thursday...

Moody’s Affirms MedcoEnergi Rating B1 Amid the Oil Prices War

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed the B1 corporate family rating of publicly listed, PT Medco Energi Internasional Tbk (IDX: MEDC). The agency also...

Chevron Indonesia Agrees to Operates Rokan Block Until 2021

JAKARTA (TheInsiderStories) - Coordinating minister for investment and maritime affairs, Luhut Binsar Panjaitan said, PT Chevron Pacific Indonesia (CPI), unit of United States-based oil producer,...

Indonesia’s February ICP Lowering to US$56.61 a Barrel

JAKARTA (TheInsiderStories) - The average of Indonesia Crude Price (ICP) in February 2020 stood at US$56.61 per barrel, said the energy and mineral resources ministry last...

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 2020 Oil and Gas Output Likely to Fall

JAKARTA (TheInsiderStories) - Indonesia’ production of both oil and gas will most likely fall in 2020 despite the official projections of a combined 8 percent...

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 Apexindo Offers MCB US$186M

JAKARTA (TheInsiderStories) - Local oil and gas producer, PT Apexindo Pratama Duta Tbk (IDX: APEX) offered Mandatory Conversion Bonds (MCB) with total amount US$185.84...

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...

Moody’s Places Saka Energi’s Ba2 Ratings

JAKARTA (TheInsiderStories) - Moody's Investors Service has placed on review for downgrade the Ba2 corporate family rating (CFR) of PT Saka Energi Indonesia and...

Chevron Considers to Divest IDD Project in Indonesia

JAKARTA (TheInsiderStories) - PT Chevron Pacific Indonesia (CPI), unit of United States-based oil producer, Chevron Corp., (CVX.N), is considering selling its participating interest in the...

Singapore’s Eneco Energy Divesting 100% West Jambi Block

JAKARTA (TheInsiderStories) - REL Oil and Gas Pte Ltd (REL), a wholly owned subsidiary of the Singapore-based Eneco Energy Ltd plans to divest 100 percent participating...

Morning Briefing: US’s House Sent Impeachment Letter to Senate

JAKARTA (TheInsiderStories) - Good Morning! After weeks of delay, United States (US) House of Representatives sent the impeachment charges against President Donald Trump to the Senate....

Commodity Prices, Access to Capital and Regulation are Top Risks in...

JAKARTA (TheInsiderStories) - Low and volatile commodity prices have hampered free cash flow generation and delayed debt paydown, and tightening companies’ access to the capital markets,...

Malaysia’s Petronas Acquires 49% PI of Andaman III Block

JAKARTA (TheInsiderStories) - Malaysia oil and gas company, Petroliam Nasional Bhd through its unit Petronas Andaman III Indonesia has acquired 49 percent participation interest...

Indonesia to Build 19 Priority Industrial Zones Outside Java

JAKARTA (TheInsiderStories) - The Indonesian government plans to build 19 priority industry areas outside Java from 2020 until 2024, the industry ministry announced on...

Indonesia Energy Revises Down IPO Proceed to US$15M

JAKARTA (TheInsiderStories) - Indonesia Energy Corp. Ltd., (INDO) has filed a US$15 million of its common stock in United States' Securities and Exchange Commission (SEC),...

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...

The Deal between Saudi Aramco, Pertamina Close This Year

JAKARTA (TheInsiderStories) - Saudi Aramco and state-owned energy producer, PT Pertamina resume their negotiation on Cilacap refinery, state Own enterprise Minister told reporters on...

Indonesia Needs Investment US$6B to Produce 1 Million Barrels Oil

JAKARTA (TheInsiderStories) - It took 10 years and funds of US$6 billion to pursue oil production of 1 million barrels oil per day (MBOPD), said...

Indonesia Energy Files US$23M’ IPO in NYSE

JAKARTA (TheInsiderStories) - Indonesia Energy Corp. Ltd., filed an initial public offering (IPO) planned to United States' Securities and Exchange Commission on Tuesday (07/30)....

Indonesian Gov’s Encourages Contractors to Increase Oil and Gas Lifting

JAKARTA (TheInsiderStories) - Indonesian government encourages oil and gas Contractor partnership contract to optimize operations. Ministry spokesman said the performance of 6 of 10...

Indonesia’s Pertamina Gets 30% Corridor Block Shares Starting 2026

JAKARTA (TheInsiderStories) - State-owned oil producer, PT Pertamina obtain participating interest (PI) of 30 percent through its subsidiary in Corridor Block starting in 2026. Currently...

Indonesia’s Pertamina Raises US$1.5B From GMTN

JAKARTA (TheInsiderStories) - State-owned oil producer, PT Pertamina re-issued two series Global Medium Term Notes with total amount US$1.5 billion. Series A have tenure...

Indonesia’s Pertamina Oil Production 413 MBOPD in 1H 2019

JAKARTA(TheInsiderStories) - Indonesia’ state-owned oil and gas PT Pertamina reported in the first semester (1H) of 2019 has produced 413 million barrels oil per day (MBOPD)...

UAE’s Mubadala Farm Out Andaman Concessions

JAKARTA (TheInsiderStories) - United Arab Emirates' (UAE) investment firm Mubadala Petroleum has signed an agreement with British energy producer Premier Oil to farm out...

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’s Upstream Oil and Gas Investment Below Target

JAKARTA (TheInsiderStories) — During January to April 2019, investment realization for upstream oil and gas recorded at US$3.17 billion, or only 21 percent of...

Indonesia’s Medco Energi Issues Bonds US$650M for Ophir’s Acquisition, Pay Debt

JAKARTA (TheInsiderStories) – An oil and gas producer, PT Medco Energi International Tbk (IDX:MEDC) issued global bonds with total amount US$650 million with coupon...

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...