A group of top executives of foreign and local mining firms gathered at a forum held in a five-star hotel at the heart of Jakarta recently, expressing their wishes that the government should do more to help their industry as several problems were left unsolved. Deputy Energy and Mineral Resources Minister Arcandra Tahar gave an […]

State-owned energy holding company Pertamina aims to drill 300 wells this year in a bid to jack up its oil and gas production to an average of 928,000 barrels of oil equivalent per day (boepd). The company plans to drill 120 wells in its newly acquired Mahakam Block in East Kalimantan, on which production has […]

According to data of SKK Migas, those 10 areas are in North Sumatra, the Centre of Sumatra, South Sumatra, Tarakan, NE Java-Makassar strait, Kutai offshore, Buton offshore, Northern Papua, Bird Body Papua, and Warim Papua. Indonesian Deputy Minister of Energy and Mineral Resources Arcandra Tahar confirmed that Indonesia has giant oil and gas fields in […]

Indonesia once had policies that supported the development of clean energy, but regulatory changes in the last 10 years seem to be the root of the problem of why abundant sources of renewable power in the country have been left mostly untouched after more than seven decades after the country’s independence. Based on an interview […]

JAKARTA: * The Indonesian government has set the coal benchmark price (HBA) for March at $90.57 per tonne, marking a seventh consecutive month of price fall, Muhamad Hendrasto, director of coal at the energy ministry, told reporters on Monday. * February’s benchmark price, which the government uses to calculate a miner’s royalties, was $91.80 per […]

JAKARTA — Indonesian state-owned oil and gas group Pertamina will increase cooperation with Malaysian counterpart Petroliam Nasional, or Petronas, in an agreement signed on Tuesday that ranges from exploration to renewable power. The comprehensive deal comes as demand for oil and gas is expected to remain high in Southeast Asia. Both parties will “explore the possibilities of cooperation […]

JAKARTA — Major Indonesian oil and gas company Medco Energi Internasional will purchase British peer Ophir Energy for 390 million pounds ($510 million), positioning itself to take on top player Pertamina by increasing output in Southeast Asia. Ophir, established in 2004, holds oil and gas fields in Indonesia, Vietnam and Myanmar, as well as concessions in […]

A coalition of non-government organisations (NGOs) has called on Southeast Asia’s largest financial services group, DBS Bank, to back out of a 2,000-megawatt coal-fired power project in Indonesia that is reaching financial close. The Banten Suralaya complex in Java, located less than 100km from the capital Jakarta, is being sponsored by Indonesia’s state utility Perusahaan […]

AKARTA, Feb 22 (Reuters) – Indonesian state energy company PT Pertamina is planning capital expenditures of $4.2 billion this year and will raise it to $7 billion in two years as part of plans to double its oil refinery capacity, chief executive Nicke Widyawati said. Pertamina is under pressure from the government to expand its […]

* Indonesia is offering five oil and gas blocks, three greenfield and two already producing blocks, in its first round of tenders in 2019, Deputy Energy Minister Arcandra Tahar told reporters on Thursday * The three exploration blocks being offered are Anambas Block in offshore Natuna, West Ganal Block in offshore Makassar Strait and West […]