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Indonesia: Pertamina Establishes New Sub-holding Shipping

JAKARTA (TheInsiderStories) - Energy holding company, PT Pertamina has establised a new sub-holding for shipping, PT Pertamina International Shipping by integrating assets and shipping business lines. Currently,...

Indonesia: Pertamina to Spends US$10.7B in This Year

JAKARTA (TheInsiderStories) - State energy holding company, PT Pertamina, announced today to spends US$10.7 billion in 2021, double than last year of $4.7 billion. It said,...

Indonesia’s Energi Mega Eyes New Gas Block in 2021

JAKARTA (TheInsiderStories) - Unit of Bakrie Group, PT Energi Mega Persada Tbk (IDX: ENRG) plans to acquire new assets and to develop the existing projects, said...

Indonesia’s Pertamina Shuts Down Balongan After Fire

JAKARTA (TheInsiderStories) - Energy holding firm, PT Pertamina, has shut Balongan refinery, West Java, to prevent the spread of the fire after an accident on Monday...

Repsol Explores The Carbon Dioxide Project in Sakakemang Block

JAKARTA (TheInsiderStories) - An oil and gas company from Spain, Repsol SA (BSE: REP), is studying the potential of a giant geological carbon capture and storage...

Indonesia’s Pertamina to Spends US$92B Until 2024

JAKARTA (TheInsiderStories) - The largest oil and gas producer, PT Pertamina, plans to spends around US$92 billion during 2020 - 2024, said the director today. Majority...

Indonesia’s MedcoEnergi to Spends US$215M in This Year

JAKARTA (TheInsiderStories) - An energy firm, PT Medco Energi Internasional Tbk (IDX: MEDC) has allocated a capital expenditure of US$215 million in this year, slightly...

Indonesia’s Pertamina to Import 118 Million Barrels of Fuel in 2021

JAKARTA (TheInsiderStories) - Fuel import of Indonesian energy holding firm, PT Pertamina, to rises by 36.25 percent from 86.9 million barrels of oil to 118.4 million...

Indonesia’s MedcoEnergy Enters EV Businesses

JAKARTA (TheInsiderStories) - PT Medco Energi Internasional Tbk (IDX: MEDC) through its unit, PT Medco Power Indonesia (MPI), launched the Electric Vehicle (EV) Ecosystem Program...

Indonesia’s Sillo Maritime Pocketed Lease Contracts US$336M

JAKARTA (TheInsiderStories) - Shipping operator, PT Sillo Maritime Perdana Tbk (IDX: SHIP) has won eight lease contracts with a total values of US$336 million throughout 2020...

Indonesia’s Pertamina Raises US$1.9B from Global Bond Market

JAKARTA (TheInsiderStories) - PT Pertamina, a government-owned energy firm has raised US$1.9 billion from the issuance of yankee bonds, said the source close to the deal....

Cepu Block to Contributes 30% of the National Oil and Gas...

JAKARTA (TheInsiderStories) - The Special Task Force for Upstream Oil and Gas Business Activities (SKKMigas) said oil production from the Banyu Urip field is targeting to...

Indonesia’s Pertamina Offers Global Bond for Business Expansion

JAKARTA (TheInsiderStories) - The national petroleum company, PT Pertamina, offered US Dollar denominated bond under the US$20 billion program said the international rating agencies today....

Paying Debt, Energi Mega Rights Issue US$129M

JAKARTA (TheInsiderStories) - Publicly listed firm, PT Energi Mega Persada Tbk (IDX: ENRG) plans to offer new share with targeting proceeds up to US$129.34 million,...

Indonesia Prepares Oil and Gas Tender US$6B in This Year

JAKARTA (TheInsiderStories) - The Special Task Force for Upstream Oil and Gas Business Activities (SKKMigas) together with the contractors are preparing an oil and gas...

Indonesia Sees Oil and Gas Investment US$17B in 2021

JAKARTA (TheInsiderStories) - The energy and mineral resources (EMR) ministry targeting the new investment in the oil and gas sector to rises around 45 percent from...

Spain’s Repsol Invests US$359M in Sakakemang Block

JAKARTA (TheInsiderStories) - Repsol Indonesia, an oil and gas company controlled by Spain' Repsol SA (BSE: REP) has just obtained government approval for the First Plan...

Indonesia’s Energi Mega Prepares US$100M for Expansion

JAKARTA (TheInsiderStories) - Bakrie Group' energy company, PT Energi Mega Persada Tbk (IDX: ENRG) allocating capital expenditure of US$100 million in 2021, said the issuer on...

Indonesia Gives More Incentives for Mining, Energy Producers

JAKARTA (TheInsiderStories) - Indonesian government prepared various incentives for mining, oil and gas players to support the downstream projects and to boost the national productions....

Indonesia’s Pertamina Confidents to Book Net Profit US$800M

JAKARTA (TheInsiderStories) - State energy firm, PT Pertamina, optimistic to book a net profit of US$800 million by the end of this year also earning before...

Japan’s Inpex, Perusahaan Gas Negara Signs Gas Sales from Masela Block

JAKARTA (TheInsiderStories) - The Japanese oil and gas producer, Inpex Masela Ltd., and state-owned firm, PT Perusahaan Gas Negara Tbk (IDX: PGAS), signed a purchase of...

Indonesia Prepares Four Incentives to Support Energy Sectors

JAKARTA (TheInsiderStories) - The Indonesian government prepares a number of incentives to boost an investment in the oil and gas sector as well as to...

Indonesia’s Pertamina Seeks New Partners in Rokan Block

JAKARTA (TheInsiderStories) - The national state-owned oil and gas company, PT Pertamina, is looking for potential partners in the Rokan Block, Riau, which will take over...

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...
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