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Indonesia, Japan’s Inpex Agrees on Masela Block Framework

JAKARTA (TheInsiderStories) - Indonesian government and Japan Inpex Corp., agreed on Masela block' plan of development (PoD) with an investment value of US$20 billion,...

Indonesia’s Pertamina Prepares 98 Upstream Projects

JAKARTA (TheInsiderStories) – Indonesian oil and gas holding, PT Pertamina budgeted investment funds worth of US$1.9 billion for the exploration and development of 98 Upstream...

Indonesia’s Pertamina Finds New Oil and Gas Reserves

JAKARTA (TheInsiderStories) – Indonesian energy producer PT Pertamina found two new oil production reserves and one gas reserve in the first quarter (1Q) 2019, said...

Ophir Shareholders Accepts Indonesia’s Medco Proposal

JAKARTA (TheInsiderStories) – British energy producer, Ophir Energy Plc finally agreed on PT Medco Energi International Tbk (IDX: MEDC)’ offers, after months of negotiations....

Insight: Asian NOCs will Face Dilemma Over Investment Plans

JAKARTA (TheInsiderStories) – The Asian National Oil Companies (NOCs) will largely focus their capital projects on adding refining capacity and increasing upstream production, Moody's...

Indonesia Grants Three New Oil & Gas Contracts to Investors

JAKARTA (TheInsiderStories) - Indonesia granted three new oil and gas contracts to local and foreign investors in the latest auction. The government received a US$10.95 million...

Morning Briefing: Prabowo Attends the 14th Commemoration of Aceh Tsunami

JAKARTA (TheInsiderStories) – Good Morning! Coinciding with the 14th anniversary of the tsunami in Aceh on Wednesday (12/26), presidential candidate Prabowo Subianto participated in...

Dwi Soetjipto Lead Special Task Force for Upstream Oil and Gas...

JAKARTA (TheInsiderStories) - Minister of Energy and Mineral Resources Ignasius Jonan has appointed Dwi Soetjipto as Head of the Special Task Force for Upstream...

Indonesia’s CAD Exceeds Safe Limit in at 3.37% of GDP in...

JAKARTA (TheInsiderStories) - Warning for Indonesia. The country's current account deficit (CAD) exceeds is safe limit in the third quarter (3Q) of 2018. The central...

Moody’s assigns Baa2 to Pertamina’s MTN Drawdown

JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned a Baa2 rating to the proposed senior unsecured USD notes to be issued by Pertamina (Persero) (P.T.). The rating...

Indonesia Will Auction West Kampar Block

JAKARTA (TheInsiderStories) - Indonesian government through the Ministry of Energy and Mineral Resources (MEMR) decided to auction the West Kampar Block because one of the rights...

Indonesia Offers Tarakan Block to Investors

JAKARTA (TheInsiderStories) - Director General of Oil and Gas for Minister of Energy and Mineral Resources (MEMR) Djoko Siswanto said, the government plans to auction...

Indonesian Government Assigns Nicke Widyawati as a CEO of Pertamina

JAKARTA (TheInsiderStories) – The Indonesian Government assigns Nicke Widyawati to be chief executive of state-owned energy firm PT Pertamina at extraordinary meeting on Wednesday (29/08), said...

Indonesia’s Medco First Half Net Profit Falls 48%

JAKARTA (TheInsiderStories)--PT Medco Energi International Tbk (IDX: MEDC)'s net profit for the first half this year fell 48.6 percent to US$41.4 million (year on...

Indonesia’s Pertamina to Build 29 Strategic Projects Worth US$2B

JAKARTA (TheInsiderStories) - PT Pertamina, a state-owned energy producer planned to build 29 strategic projects with total costs Rp20 trillion (US$2.02 billion), said one...

Chevron Indonesia Cuts IDD’s Investment to $6B

JAKARTA (TheInsiderStories)--Deputy Energy and Mineral Resources Minister (MEMR) Arcandra Tahar said the oil & gas producer PT Chevron Pacific Indonesia cut the investment estimates...

Indonesia Freezes Pertamina Deal With National Iranian Oil

JAKARTA (TheInsiderStories) - Indonesia’s government decided to freeze the state-owned energy producer PT Pertamina’s deal to operate the Mansouri oil field in Iran over because it...

UK’s Andalas Energy Looking Indonesian Asset

JAKARTA (TheInsiderStories) - United Kingdom’s Andalas Energy and Power PLC (LON:ADL) looking the potential purchase of an interest in an oil and gas asset in Indonesia, said the...

Indonesia’s Pertamina Signs Fuel Contract with Saudi Aramco

JAKARTA (TheInsiderStories) - Saudi Aramco to start supply gasoline to Indonesia's oil & gas producer PT Pertamina starting July, said traders last week. Its trading...

Indonesia’s MedcoEnergi Renew Oil & Gas Contracts in Libya

JAKARTA (TheInsiderStories) - Indonesia's energy company PT Medco Energi Internasional Tbk (IDX: MEDC) renew oil and gas contracts with the Libyan Investment Authority (LIA)...

Indonesia Pertamina More Aggressively Acquires Overseas’s Assets

JAKARTA (TheInsiderStories) - After more than a year of negotiations,The largest energy producer in Indonesia PT Pertamina expects to complete its acquisition of an operating interest...

Indonesia Announces Four Winners Oil & Gas Blocks under Gross Split

JAKARTA (TheInsiderStories)--The Indonesian government has picked the winner of four oil and gas blocks that will be operated by production sharing contractors (PSC) under...

Indonesian President Asks for Further Oil-Gas Deregulations

JAKARTA (TheInsiderStories)--President Joko Widodo has called for the need of further deregulation in the oil and gas sector to attract more investments to the...

Italian’s Eni Get Approvals To Develop Merakes Field in Indonesia

(TheInsiderStories) – Italia's Eni announced the approval of the Plan of Development for the Merakes field located in the East Sepinggan PSC in the...

Indonesia’s Pertamina Takes Over Eight Oil & Gas Blocks

JAKARTA (TheInsiderStories)—Indonesian government handed over the management of eight working areas (WA) that expired its contract in 2018 to PT Pertamina. The investment potential for...

Medco’s Net Income Declines 31 Pct Last Year

JAKARTA (TheInsiderStories)—PT Medco Internasional Tbk announced it posted a net income of US$127.1 million last year, a 31.22 per cent decline from 2016. Medco's last...

UK’s Range to Start Producing Oil at Perlak Field in Mid...

JAKARTA (TheInsiderStories) - Range Resources Ltd., a U.K.-based oil and gas company with assets in Trinidad and Indonesia, said it targets to commence first oil...

Policy Review: Oil and Gas Production Level & Investment Alarming

JAKARTA (TheInsiderStories) – Indonesia is currently facing a widening gap between fuel consumption and production, raising concerns that if this condition persists and there...

Policy Review: Simplify Work Permits for Oil & Gas Foreign Workers

JAKARTA (TheInsiderStories) - Indonesian Ministry of Energy and Mineral Resources recently revoked a regulation which governs the entry of foreign workers in the Oil and...

Policy Review: Oil and Budget, a Dilemma in Fiscal Policy

JAKARTA (TheInsiderStories) - Low international oil prices over the past three years have greatly helped President Joko Widodo to maintain prudent fiscal management, enabling him...