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Sapura Energy’s NZ venture to spur cutting-edge collaborations

Oil & gas giant sees technical gains from New Zealand project KUALA LUMPUR, MALAYSIA – Media OutReach – November 26, 2018 – Sapura Energy Bhd’s foray into New Zealand earlier this year could be the catalyst, not just for economic growth for the country, but also significant technical collaboration involving Sapura Energy, one of the biggest integrated oil […]

Indonesia, Germany commemorate 25 years cooperation in renewable energy

Jakarta, Nov 21 (ANTARA News) – The Indonesian and German governments commemorate 25 years of cooperation in renewable energy through the 2018 Indonesian-German Renewable Energy Day (RE Day) Forum. “The 2018 RE Day Forum is expected to strengthen cooperation between Indonesia and Germany in the future, both at the government and business levels; and provide […]

VN wants more investment from India: leader

HÀ NỘI — Việt Nam expects Indian firms to invest more in Việt Nam, Deputy Prime Minister Trịnh Đình Dũng said at the Việt Nam-India Business Forum held in Hà Nội on Monday. The fields expected to lure Indian investment include renewable energy, manufacturing industry, information technology and infrastructure construction, he said. Việt Nam also […]

Vietnam, Russia aim to nearly triple trade to $10 billion by 2020

HANOI (Reuters) – Vietnam and Russia on Monday agreed to nearly triple bilateral trade to $10 billion (7.7 billion pounds) by 2020 from $3.55 billion last year, while expanding energy ties. Russia is Vietnam’s biggest weapons supplier and Russian companies are involved in several Vietnamese energy projects. “We have agreed to cooperate more closely and […]

Indonesia interested in OPEC membership again, but needs to cut its oil imports first

Net oil importer Indonesia could reactivate its OPEC membership if it can successfully raise its crude oil production and reduce consumption by boosting the amount of biofuels used in its transportation sector, an official said Monday. “If we can increase our production, we are more than happy to rejoin,” secretary general of Indonesia’s National Energy […]

Russian President Putin seeks Asian energy deals, LNG investment

Moscow — Russian President Vladimir Putin is in Singapore where he will be hoping to secure a bigger foothold for energy supplies and LNG investment among Asia’s fastest-growing economies. Bilateral talks between Putin’s delegation, including energy minister Alexander Novak, and delegations from some of the region’s biggest economies including Japan, South Korea and Indonesia are […]

Indonesia’s PLN gets $1.6 bn loan for giant power station project

The offshore US dollar credit facility with 20 international banks, signed on Oct. 25, was the first of its kind for PLN, the company said in a statement issued on Monday JAKARTA: Indonesia’s state-owned power utility Perusahaan Listrik Negara (PLN) said it has secured a $1.62 billion syndicated loan facility to support its role in […]

ExxonMobil to contribute US$10m to the Singapore Energy Centre partnership

EXXONMOBIL has announced that it will be contributing US$10m to the Singapore Energy Centre. The announcement was made on 31 October at Singapore International Energy Week 2018. The Singapore Energy Centre was created as a joint effort to transform the energy landscape and address future sustainability challenges. ExxonMobil will be the first founding industrial member […]

Indonesia, UK seek to boost economic ties

Indonesia and the United Kingdom have expressed a wish to strengthen bilateral relations between the two countries amid rising global protectionism sparked by the trade war between the United States and China. Speaking at the Indonesian Briefing forum in London recently, Indonesian Ambassador to the UK Rizal Sukma stressed the importance for both countries of […]

PH sets petroleum perks benchmarking with Indonesia

The Philippines has set into motion collaborative talks with Indonesia on prospective benchmarking of incentives for investments in the upstream petroleum sector. Energy Secretary Alfonso Cusi This was a matter that Philippine Energy Secretary Alfonso G. Cusi had raised with Indonesian Deputy Minister of Energy and Resources Arcandra Tahar in their bilateral meeting in Singapore […]