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Indonesia’s Pertamina Receives Injection US$141M from Widodo

JAKARTA (TheInsiderStories) - President Joko Widodo injects assets worth of Rp2.1 trillion (US$141.89 million) to PT Pertamina to improve the capital structure of the...

Phoenix Petroleum Partnering with Pertamina to Enter Southeast Asian Market

JAKARTA (TheInsiderStories) - Phoenix Petroleum Philippines Inc., and PT Pertamina has signed a fuel product supply and other trading activities in Indonesia and Philippines as part...

Indonesia’s Pertamina Explores US$3B Loans for Expansion

JAKARTA (TheInsiderStories) - State oil company, PT Pertamina, has appointed six banks to seek loans in the form of a bridging loans around US$3 billion...

Perusahaan Gas Negara, Pupuk Indonesia Signs Gas Sales 91 BBTUD

JAKARTA (TheInsiderStories) - Indonesian gas producer and distributor, PT Perusahaan Gas Negara Tbk (IDX: PGAS) has signed a gas sale and purchase agreement with and state-owned...

Indonesia’s Perusahaan Gas Negara Delays LNG Export, Cut Capex

JAKARTA (TheInsiderStories) - Indonesian gas producer, PT Perusahaan Gas Negara Tbk (IDX: PGAS), decided to postponed the export of liquefied natural gas (LNG) to China Petroleum...

Pertamina, Chandra Asri Collaborates on Petrochemical Businesses in Indonesia

JAKARTA (TheInsiderStories) - PT Kilang Pertamina Internasional (KPI), unit of PT Pertamina, signed a head of agreement with PT Chandra Asri Petrochemical Tbk (IDX: CAPC) to...

Indonesia’s Pertamina Financial Hit by Triple Shocks in 1H 2020

JAKARTA (TheInsiderStories) - Indonesian major energy producer, PT Pertamina, reported net loss US$767.91 million in the first semester (1H) of 2020, hit by a triple...

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...

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...

Pertamina, Pupuk Kujang Build the First Catalyst Plant in Indonesia

JAKARTA (TheInsiderStories) - The state-owned energy company, PT Pertamina together with PT Pupuk Kujang and PT Rekacipta Innovation Institute of Technology Bandung established a joint venture...

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...

Ladang KLD Milik PHE OWNJ Mulai Produksi Awal Tahun Depan

JAKARTA (TheInsiderStories) - PT Pertamina Hulu Energi Offshore North West Java (PHE ONWJ) menargetkan bisa memproduksi minyak dan gas dari lapangan KLD di kuartal 1, 2021.  Diharapkan...

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 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...

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 Targeting will be Free from Oil Import Starting 2026

JAKARTA (TheInsiderStories) - Indonesian government targeting to be free from oil import starting 2026, said the official last week. To support the government plans, state-owned energy...

ADB Approves Loan Facility US$300M for Geo Dipa Energi

JAKARTA (TheInsiderStories) — The Asian Development Bank (ADB) has approved a US$300 million loan to help PT Geo Dipa Energi, an Indonesian state-owned company, expand...

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...

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...

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...

Number of SOEs Lessen than 42 in 10 Years, says Thohir

JAKARTA (TheInsiderStories) - State Own Enterprises (SOEs) minister, Erick Thohir, wants to lessen number of state companies not more than 42 in 10 years,...

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 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’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...

Pertamina, Eni Canceling Downstream Project Cooperation in Indonesia

JAKARTA (TheInsiderStories) - Energy producer, PT Pertamina and Eni S.p.A, an Italian multinational oil and gas company, has recalled the cooperation plans to explore downstream projects...

Indonesia Cuts Pertamina’s Oil Import to 50Mbbl in 2020

JAKARTA (TheInsiderStories) - Indonesia' energy and mineral resources (EMR) ministry ordered the top refiner, PT Pertamina to limit the purchase of crude oil from overseas to...