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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...

Saudi Aramco Quits from Pertamina’s Cilacap Oil Refinery Project

JAKARTA (TheInsiderStories) - Saudi Arabian Oil Co., (Aramco) quit from Cilacap oil refinery project owned by energy firm, PT Pertamina after a long discussion, said...

MEMR: Nine Producers Signs Natural Gas Price Adjustment

JAKARTA (TheInsiderStories) - Nine companies have signed a side letter of production sharing contract (PSC) and Letter of Agreement (LoA) on natural gas price adjustment...

Taiwan’s CPC, Pertamina to Build Petrochemical Complex in West Java

JAKARTA (TheInsiderStories) - A joint petrochemical complex planned by CPC Corp., from Taiwan and state-owned energy producer, PT Pertamina is to be built in Balongan, West Java,...

Indonesia’s Medco Prepares Investment US$200M, Streamline the Assets

JAKARTA (TheInsiderStories) - Indonesian conglomeration firm, PT Medco Energi Internasional Tbk (IDX: MEDC), prepared capital expenditure more than US$200 million in this year, said the CEO...

Pertamina, South Korean Firms Signed a Deal to Build RDMP in...

JAKARTA (TheInsiderStories) - Energy producer, PT Pertamina and a consortium of South Korean companies signed a memorandum of understanding to examine the business opportunities in...

Morning Briefing: WHO Warns the Pandemic Just in Initial Stage

JAKARTA (TheInsiderStories) - Good Morning! World Health Organization warned that the pandemic it will not end anytime soon and many countries have only just arrived at...

COVID-19 Hit Pertamina, Net Profit Could Drops 51%

JAKARTA (TheInsiderStories) - CEO of energy producer, PT Pertamina, Nicke Widyawati told member of parliament that her company experienced triple shock during the COVID-19 outbreak. At...

Chevron Indonesia Prepares US$152M to Develop Rokan Block

JAKARTA (TheInsiderStories) - PT Chevron Pacific Indonesia, unit of Chevron Corp., (CVX.N) prepared budget US$152 million to develop Rokan Block starting November 2020, said the official...

Australia’s Santos Sell 12.5% Interests of Barossa to JERA

JAKARTA (TheInsiderStories) - Australia' energy producer, Santos Ltd., announced it had signed a letter of intent to sell a 12.5 percent interest in Barossa offshore...

Indonesia Chops Oil and Gas Output Amid the Low Productions

JAKARTA (TheInsiderStories) - Indonesia SKK Migas cut this year' oil and gas production outlook to 725,000 barrels per day (bpd) and 5,727 million cubic feed...

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...