Freeport's copper concentrat exports will only temporary ease global shortages
Sources in the industry said that Freeport-McMoRan’s unit, located in Indonesia, will help ease global shortages of copper concentrate, but only for a short time and if Indonesian authorities allow it. Since last year, the competition for copper concentrate…
Explorator KUFPEC looks for more oil and gas in Indonesia's Natuna Sea
Kuwait Foreign Petroleum Exploration Company's (KUFPEC's) country representative stated on Monday that the company is looking for more oil and natural gas in Indonesia's Natuna Sea. Indonesian President Prabowo Subito wants to increase his country's production.
Freeport Indonesia expects to see production at the Manyar smelter ramp up in Q3 of next year
An official revealed on Wednesday that Freeport Indonesia, a copper miner in Indonesia, expects its $3.7 billion Manyar Smelter in East Java will ramp up operations in the third quarter next year following a fire that halted it in October. Katri Krisnati…
MIND ID claims that Freeport Indonesia will fix its smelter within six months
Freeport Indonesia’s holding company MIND ID announced on Wednesday that it aims to have the new Manyar Smelter, located in East Java Province, repaired within six month after being damaged by fire. Freeport Indonesia stopped the production of copper…
Indonesia talks nuclear technology with US and Russia
A deputy minister of the Indonesian government said on Friday that Indonesia has been in discussions with the United States about developing nuclear power plants. Vivi Yulaswati is a deputy minister in the Ministry of National Development Planning.
Indonesia confirms the B40 biodiesel Plan to be implemented in January 2025
As part of its "quick win" programs, the Indonesian government confirmed to lawmakers that it will implement a mandatory 40% biodiesel blend with palm oil based fuel in January 2025. The plan was presented by Energy Minister Bahlil lahadalia who told…
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…
