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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...

Number of Companies Eyes Indonesian Oil, Gas Blocks

JAKARTA (TheInsiderStories) - Indonesian Energy and Mineral Resources (EMR) ministry announced 18 local and foreign companies accessing the bidding documents for oil and gas working...

Australian Empyrean Ready to Develops Duyung PSC in Indonesia

JAKARTA (TheInsiderStories) - Empyrean Energy Plc, the oil and gas development company based in Australia announce that the Indonesia' Energy and Minerals Resources ministry has...

Indonesia Plans to Sell LNG to Singapore

JAKARTA (TheInsiderStories) - Indonesia' Energy and Mineral Resources (EMR) official said, the country plans to sell liquefied natural gas (LNG) cargoes to Singapore starting this year....

Indonesia Finds 10 Areas of Potential Giant Gas Reserves

JAKARTA (TheInsiderStories) – Indonesian government through the Ministry of Energy and Mineral Resources (MEMR) continues to look for new oil and gas reserves to...

Morning Briefing: EU-US will Talks on Tariff War This Week

JAKARTA (TheInsiderStories) – Good morning! The European Union (EU) will meet United States (US) official this week to get more information the trade deal...

Indonesia’s Pertamina, Petronas Agrees to Synergize Business

JAKARTA (TheInsiderStories) - Indonesian energy producer PT Pertamina and Malaysian Petroliam Nasional Berhad (Petronas) agreed to work together in developing the oil and gas business and...

Indonesia May Need US$2.1B to Cut Oil and Gas Deficit: Studies

JAKARTA (TheInsiderStories) – Indonesia will start facing oil and gas deficit in 2025, according to studies. The deficit is predicted to hit its peak...

Indonesia Inks US$16M Oil and Gas Blocks Auction

JAKARTA (TheInsiderStories) – Indonesia Energy and Mineral Resources (EMR) ministry just signed an agreement over the third stage of oil and gas blocks auction....

Insight: Indonesia Needs Clear Policies in Energy Sectors

JAKARTA (TheInsiderStories) – The 1970-1990 period was the wealth of Indonesia' oil and gas sector, where this sector contributed up to 63 percent to...

Indonesia’s Medco Gets Extension to Offer UK’s Ophir Shares

JAKARTA (TheInsiderStories) - Indonesian oil & gas producer, PT Medco Energi Internasional Tbk (IDX: MEDC) get an extension to make an offer for Ophir Energy Plc' shares, said the...

London’s Ophir Rejects MedcoEnergi’s Possible Offer

JAKARTA (TheInsiderStories) — Indonesia' oil and gas producer PT Medco Energi Internasional Tbk (IDX: MEDC) expectation to own a Ophir Energy Plc. is nearly...

Indonesia Targets Investment in the Energy Sector to Reach US$33B

JAKARTA (TheInsiderStories) – Indonesia' Ministry of Energy and Mineral Resources (MEMR) targets investment in the energy sectors  at least US$33.4 billion in 2019. The minister...

Indonesia’s Pertamina Signs Oil, Gas Purchase with 11 Producers

JAKARTA (TheInsiderStories) - Indonesia' state-owned energy producer PT Pertamina signed oil and gas sales and purchase agreement with 11 contractors, as part of the producer planned...

Indonesia Gov’t Signs Four Oil and Gas Contracts US$197M

JAKARTA (TheInsiderStories) - The Ministry of Energy and Mineral Resources (MEMR) has signed four oil and gas working areas contract, which consist of three extension contracts and...

Morning Briefing: Multiple Failures Found Before Lion Air JT-610 Deadly Crash

JAKARTA (TheInsiderStories) — Good Morning! Lion Air JT-610 PK-LQP that crashed and killed 189 people on-board last October, had several failures since three days...

Indonesia’s Upstream Oil and Gas Investment Low on Target

JAKARTA (TheInsiderStories) — Indonesian oil and gas investment for upstream far from its target. According to official data, until third quarter (3Q) of 2018,...