Sources say that Freeport will delay Indonesian copper sale to the second quarter of 2025 due to a fire.
Two sources familiar with the situation said that the U.S. miner of copper, Freeport McMoRan, will delay its sales of refined Copper from Indonesia until 2025 due to a fire in its new smelter. The new Manyar smelter with a production capacity of 480.000…
Indonesia adds palm oil to the government's online tracking system
Senior minister Luhut Paandjaitan announced on Wednesday that the Indonesian government plans to add palm oil to its online tracking system to improve accountability. Indonesia is the largest palm oil producer and exporter in the world. In 2022, the…
Indonesia seeks global assistance to accelerate the retirement of coal-fired power plants
Luhut Pandjaitan - Indonesia's senior mining minister - said that the Indonesian government was asking global leaders for assistance in negotiating with lenders for a faster coal power plant retirement as well as access to financing for energy transition.
Indonesia Weighing Subsidy Options for Biodiesel Program
The Indonesian government is considering alternate plans to increase subsidies for the country's ambitious biodiesel program after crude oil prices tumbled, a finance ministry official said on Wednesday.A historic crash in oil prices this year has widened…
Masela Development Approval Nears
The Indonesian government is set to approve Japanese Inpex Corp's revised plan of development for the Masela natural gas block next week, the chairman of the country's upstream oil and gas regulator SKK Migas said on Wednesday.The government is expecting Inpex to submit the plan for the $20 billion gas projec
Abadi LNG Development Deal Reached
Japan's biggest oil and gas explorer Inpex Corp and the Indonesian government signed a basic agreement on the development of Indonesia's Abadi liquefied natural gas (LNG) project on Sunday, moving forward the $15 billion project.Inpex President Takayuki Ueda said the Japanese company…
Indonesia Grants New Oil Blocks Contracts
Indonesia has announced the winner of its third bidding round that will operate oil and gas blocks in three locations, Deputy Energy Minister Arcandra Tahar, said on Thursday.The winners are Pearloil (Theralite) Ltd. for South Andaman block, located at offshore Andaman Aceh; Talisman Java B.
Chevron exits Indonesia's Makassar Strait block
Chevron will exit the Makassar Strait gas block in the Indonesia Deepwater Development (IDD) offshore natural gas project to focus on more promising areas in the venture, Indonesian officials said on Wednesday.Indonesia's energy minister had issued…
Coal's Rally Isn't All About China
It is increasingly popular to write obituaries for coal, with analysts, market watchers, investors and utility bosses leaping on the bandwagon, declaiming that the days of the polluting fuel are numbered. Certainly the long-term outlook for coal is becoming less certain as more countries commit to ending…
PTT Exploration and Production Plans Asia Investment
Thailand's largest oil and gas explorer PTT Exploration and Production Pcl (PTTEP) is planning new investments or an extension of its operations in fields in Thailand, Malaysia and Myanmar, it said on Tuesday. In Thailand, state-owned PTTEP would bid…
Shell Indonesia Ramps up Lubricant Production
Just over one year from the start of its operations, Shell’s newest lubricant oil blending plant (LOBP), located in Marunda Centre, near Jakarta, Indonesia, has more than doubled its production slate and is now producing 99 different products. This includes its latest additions…
BP to Expand Indonesia’s Tangguh LNG Facility
BP, on behalf of Tangguh Production Sharing Contract Partners, today announced that the Final Investment Decision (FID) has been approved for the development of the Tangguh Expansion Project in the Papua Barat Province of Indonesia. “The Tangguh Expansion…
Floating Production's Future: The 6 Things You Need to Know Now
No question that the market for new floating production systems has taken a battering. The past 12 to 18 months have been a difficult period for everyone in the business sector. Absence of new contracts has forced fabricators and equipment suppliers to make huge cutbacks in personnel and spending.
15 Oil & Gas Blocks Returned to Indonesia
Investors returned eight blocks in 2014, five in 2013; companies lost $820 mln in costs on blocks returned in 2015. Oil and gas investors relinquished 15 exploration blocks to the Indonesian government in 2015, nearly double those they returned the previous year…
Crude Price Impacts Southeast Asia's Biodiesel Plans
Indonesia, Malaysia plan to use more palm oil to make biofuel. Industry, analysts sceptical of targets. The world's top palm oil producers Indonesia and Malaysia may have to curb plans to channel more of the commodity into biodiesel as tumbling crude…
Price Slump Should End Asian Fuel Subsidies
The 25 percent drop in Brent crude so far this year is providing an unparalleled opportunity for Asian governments to scale back or end fuel subsidies. Some, like India and Malaysia, have already cut off or reduced support for gasoline and diesel, but the worst offender in the subsidy stakes…
India, Indonesia on Different Coal Paths
India, poised to become the world's largest importer of thermal coal, appears to be opening up its domestic mining sector to foreign competition just as Indonesia, its biggest supplier, is making it harder for exporters. On a superficial level it appears…
Indonesia Sets 2015 Energy Subsidies Lower Than This Year
Indonesia's government is set to spend 1.6 percent less on energy subsidies next year, parliament's budgetary committee said on Monday, providing much needed fiscal space for president-elect Joko Widodo to fund his reform programmes. The finance ministry…
Frost & Sullivan Optimistic About Indonesian Power Generation
Frost & Sullivan is optimistic on growth in Indonesia's heavy electric machinery in nuclear power generation. Due to Indonesia's residential, commercial, and industrial electricity consumption has grown at a robust pace, thus creating strong demand…
Ex-Alstom exec pleads guilty to bribery
A former vice president of Alstom SA's U.S. unit pleaded guilty on Thursday over his role in a scheme to bribe Indonesian government officials to win a $118 million power project there, the U.S. Department of Justice said. William Pomponi, a former…
