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Indonesia’s Perusahaan Gas Negara Prepares Capex US$700M in 2020

JAKARTA (TheInsiderStories) - Indonesia' gas producer and distributor, PT Perusahaan Gas Negara Tbk (IDX: PGAS) planned to develop distribution pipe in several cities in Indonesia...

Indonesia’s Perusahaan Gas Negara Seeks US$500M from Bank, Global Market

Jakarta (TheInsiderStories) - Indonesian gas producer, PT Perusahaan Gas Negara Tbk (PGAS) seeks funding of US$500 million in this year. It will be met by...

Pertamina’s Jambaran-Tiung Biru Project Gets Funding US$1.85B

JAKARTA (TheInsiderStories) - PT Pertamina EP Cepu (PEPC), a subsidiary of state-owned energy producer, PT Pertamina get funds of US$1.85 billion from a consortium of...

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 Offers GMTN US$1.5B in This Month

Singapore (TheInsiderStories) - After raised US$750 million from global medium terms note (GMTN) in 2018, state-owned energy firm PT Pertamina planned to sell $1.5 billion...

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)...

Indonesia’s Pertamina Seeks New Oil and Gas Reserves in Malacca Strait

JAKARTA (TheInsiderStories) – Indonesia' state-owned oil and gas firm PT Pertamina conducts exploration activities by carrying out two dimensions (2D) seismic surveys in the...

Morning Briefing: US, China to End Trade Tensions

JAKARTA (TheInsiderStories) – United States (US) and China have reportedly reorganized to start of serious negotiations next week to complete a year-long trade war...

Indonesia’s Pertamina, Korean Eximbank Signs US$1.5B Agreement

JAKARTA (TheInsiderStories) - Indonesian state-owned oil and gas corporation, PT Pertamina signed an US$1.5 billion framework agreement with the Export-Import Bank of South Korea, an...

Indonesia’s Pertamina Absorbs Domestic Crude Oil 116.9 MBPOD

JAKARTA (TheInsiderStories)– Indonesian state oil company, PT Pertamina has agreed to purchase 116.9 million barrels oil per day (MBOPD) from 37 production sharing contract...

Pertamina, Saudi Aramco Agrees on Cilacap Refinery Joint Venture

JAKARTA (TheInsiderStories)– Indonesian state energy company, PT Pertamina and Saudi Arabian Oil Co. (Saudi Aramco) have finally agreed on Cilacap' refinery joint venture. The...

S&P Takes Rating Actions On Nine Indonesian Companies

JAKARTA (TheInsiderStories) - Along with the increase in Indonesia's long-term debt rating, Standard and Poor's (S&P) Global Ratings took rating actions on nine companies...

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 Increases Capacity of Two Refinery Projects

JAKARTA (TheInsiderStories) - Indonesia’s state-owned energy producer, PT Pertamina will increase refinery capacity to 2 million barrels per day on the modernization and construction of...

Indonesia’s Geo Dipa Energi Invests US$300M to Build Geothermal Power Plants

JAKARTA (TheInsiderStories) – Indonesia's geothermal power producer PT Geo Dipa Energi resumed the construction of 2 units of geothermal power plants with an investment...

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...

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 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....

Indonesia’s Bukit Asam Launches DME Plant in Riau

JAKARTA (TheInsiderStories) – Indonesian coal miner, PT Bukit Asam Tbk (IDX: PTBA), PT Pertamina and United States' Air Product and Chemicals launched the coal downstream...

Indonesia’s Pertamina Prepares Investment US$2.73B in 2019

JAKARTA (TheInsiderStories) – Indonesia' energy producer PT Pertamina budgeted investment funds of US$2.73 billion in 2019 to develop several projects across the archipelago, said one official...

Morning Briefing: First Debate, Subianto-Uno Look More Confident Than Widodo-Amin

JAKARTA (TheInsiderStories) — Good morning! Indonesia will face Presidential Election in the next three months. Last night, two presidential candidates showed their capability in...

Bukit Asam, Pertamina, US’s Air Products Collaborates Build Coal Gassifiaction

JAKARTA (TheInsiderStories) — Two state-owned enterprises, PT Bukit Asam Tbk (IDX: PTBA) and PT Pertamina, along with Air Products and Chemicals Inc. from United...

Avtur, Rupiah Makes Indonesian Flight Fare Expensive

JAKARTA (TheInsiderStories) – Indonesian government admitted the high price of aviation turbine (avtur) caused by the high tax burden, said senior official on Tuesday...

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...

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’s Perusahaan Gas Negara Acquires Pertagas for US$1.39B

JAKARTA (TheInsiderStories) – Indonesia' gas producer, PT Perusahaan Gas Negara Tbk (IDX: PGAS) acquired PT Pertamina Gas (Pertagas) for Rp20.18 trillion (US$1.14 billion). The...

Indonesia to Establish ASEAN’s Biggest Integrated Power Plant

JAKARTA (TheInsiderStories) — The Indonesian government initiated the development of a Gas and Steam Power Plant Jawa-1, in Cilamaya, Karawang, West Java province today...

Indonesia’s Pertamina to Develop Its Biggest Refinery with Oman Company

JAKARTA (TheInsiderStories) — Indonesia’s state-owned energy producer, PT Pertamina will co-operate with an Oman company, Overseas Oil & Gas (OOG), to develop a new...