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Taiwan’s CPC to Invest US$22B for Petrochemical Plant

JAKARTA (TheInsiderStories) - Taiwanese state-owned oil refiner CPC Corp. is committed to investing US$22 billion for the development of the Balongan petrochemical refinery, the...

12 Oil and Gas Projects in Indonesia On Stream This Year

JAKARTA (TheInsiderStories) - Indonesia’s upstream oil and gas regulator, SKK Migas, expects 12 oil and gas projects to come on stream in 2020, the...

Indonesia’s Pertamina Integrates TPPI, Tuban Petro Refinery

JAKARTA (TheInsiderStories) - Indonesia’s state-owned oil and gas PT Pertamina is ready to integrate the PT Trans-Pacific Petrochemical Indotama (TPPI) refinery with the Tuban...

Indonesia’s Pertamina’s Spending US$7B Until 2023

JAKARTA (TheInsiderStories) - Moody's Investors Service expects PT Pertamina' capital spending over the next three years to average around US$7 billion annually as against...

Pertamina Hulu Energy Raises Oil, Gas Lifting to 181,510 boepd in...

JAKARTA (TheInsiderStories) - PT Pertamina's subsidiary in the upstream oil and gas sector, PT Pertamina Hulu Energi (PHE) is targeting oil and gas lifting...

Indonesia’s Pertamina, MIND ID Build Raw Material Plant

JAKARTA (TheInsiderStories) - Two state-owned companies, PT Pertamina and PT Indonesia Asahan Alumunium (MIND ID) agreed to build Calcined Petroleum Coke (CPC). The new plant...

Pertamina Gets US$7B from Abu Dhabi Investors to Build Petrochemical Plant

JAKARTA (TheInsiderStories) - Indonesia fuel company, PT Pertamina granted investment from Abu Dhabi and Taiwan investors to build a petrochemical plant in Balongan Refinery,...

Indonesia’s Pertamina Allocates US$3.7B for Upstream Investment in 2020

JAKARTA (TheInsiderStories) - State energy holding company PT Pertamina will allocate at least US$3.7 billion to develop its upstream sector next year, from the...

Indonesia Intends to Quell Oil and Gas Deficit in 2020

JAKARTA (TheInsiderStories) - Indonesia’s oil and gas regulator has mapped out strategies and priority steps to be taken to reduce the oil and gas...

Indonesia’s Pertamina Production to Reach 910 MBOEPD This Year

JAKARTA (TheInsiderStories) - Indonesia’s state-owned oil and gas PT Pertamina estimates the production will be 910 thousand barrels of oil equivalent per day (MBOEPD)...

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),...

China’s Sinopec, Perusahaan Gas Negara Signs LNG Purchase Deal

JAKARTA (TheInsiderStories) - Indonesia's gas producer and distributor, PT Perusahaan Gas Negara Tbk (IDX: PGAS) signed a purchase agreement to sell liquefied natural gas...

The US$60B Indonesian Pertamina’s Projects will be Completed in 2021

JAKARTA (TheInsiderStories) - Indonesia is targeting six refinery projects worth US$60 billion of PT Pertamina to be completed in parallel in the next two...

Indonesia Plans to Convert TPPI Into State Firm

JAKARTA (TheInsiderStories) - The government plans to convert the petrochemical company PT Trans-Pacific Petrochemical Indotama (TPPI) into a state-owned enterprise, officials said today (11/05)....

Indonesian Govt Injects Capital US$186M to Tuban Petro

JAKARTA (TheInsiderStories) - Indonesia's government has officially converted petrochemical company PT Tuban Petrochemical Industries (Tuban Petro) debt through additional state capital investments of Rp2.61...

Indonesia’s Pertamina Gets 650 MBOPD Crude from ExxonMobil

JAKARTA (TheInsiderStories) - Indonesian state oil company, PT Pertamina has agreed to purchase 650 million barrels oil per day (MBOPD) of ExxonMobile crude from the...

Indonesia’s Pertamina, Eni, Neptune Wins US$189M West Ganal Auction

JAKARTA (TheInsiderStories) - Indonesian Ministry of Energy and Mineral Resources (EMR) announced state-owned energy producer, PT Pertamina, Eni Indonesia Ltd and Neptune Energy West Ganal BV as...

Indonesia’s Pertamina Records US$660M Profit in 1H

JAKARTA (TheInsiderStories) - Indonesia’ state oil and gas firm PT Pertamina recorded a net profit of US$660 million in the first half (1H) of...

Indonesia’s Pertamina Controls 95.90% Tuban Petro Shares

JAKARTA (TheInsiderStories) - Indonesian government through state-owned energy producer, PT Pertamina has controls 95.9 percent - from 70 percent earlier - of PT Tuban...

Indonesia’s Pertamina Crude Oil Imports Fall 35% in 1H

JAKARTA (TheInsiderStories) - Indonesia’ state oil and gas firm PT Pertamina said its crude oil imports in the first half (1H) this year fell...

Indonesia Approves the Corridor Block Contract for 20 Years

JAKARTA (TheInsiderStories) - Indonesian government agreed to extend the production sharing contract of the Corridor oil and gas block in South Sumatra with US-based...

Indonesia’s Pertamina Gets US$2B Profit, Fell a Bit

JAKARTA (TheInsiderStories) - Indonesia’s energy state-owned enterprise, PT Pertamina finally released its 2018 financial report. Pertamina booked US$2.53 billion (Rp 36.43 trillion) during last...

Ex-Pertamina President Director Faces 15 Years Prison

JAKARTA (TheInsiderStories) — Former President Director of Indonesia’s energy state-owned enterprise PT Pertamina, Karen Agustiawan is being charged with 15 years prison by prosecutor,...

Indonesia Formulate Policies to Improve Oil and Gas Trade Balance

JAKARTA (TheInsiderStories) - The government has taken a new strategic step to improve the oil and gas trade balance, which continues to be a...

Moody’s Assigns B1 Ratings to Buana Lintas Lautan, Outlook Stable

JAKARTA (TheInsiderStories) - Moody's Investors Service has assigned a first-time B1 corporate family rating (CFR) to PT Buana Lintas Lautan Tbk (IDX: BULL). At...

Indonesia’s Pertamina Reduces Crude Oil Imports US$1.4B

JAKARTA (TheInsiderStories) – Indonesian state-owned energy producer, PT Pertamina was reduced the crude oil and condensate imports by around 50 percent in the first-four months of...

Indonesia’s Perusahaan Gas Negara Settles Pertagas Acquisition’s Payment

JAKARTA (TheInsiderStories) – As a part of establishing energy holding, PT Perusahaan Gas Negara Tbk (IDX: PGAS) paid off its remaining commitment on Rp10.22...

Indonesia’s Pertamina Sell Global Bond US$750M

JAKARTA (TheInsiderStories) - Indonesian state-owned oil and gas producer, PT Pertamina sell global medium terms note (GMTN) with worth US$750 million in the midst global...