Indonesia targets increased liquefied gas production, regulator says
Indonesia wants to increase its liquefied gas production by 1 million tons per year in order to reduce the amount of cooking fuel imported, said the head of Indonesia's upstream oil regulator on Tuesday. The new president Prabowo Subianto has pledged…
Pertamina, Indonesia's gasoil company, is looking to purchase 1.1 million bbls.
Three trade sources, who have seen the tender document on Monday, said that Indonesia's Pertamina had sought to buy about 1.1 millions barrels of November gasoil with a sulphur content of 2500ppm for delivery mainly around mid-November. The state…
Prabowo wants to increase Indonesia's energy independence through biofuels and oil and gas reforms
Officials have stated that Indonesia's new Government aims to revitalize oil and gas production. They plan to reduce regulations, reactivate inactive wells, and increase output in producing assets to reverse a decades-long drop in output.The new president, Prabowo Subianto, took his oath on Sunday.
Pertamina Indonesia is looking for more than 1.6 million bbls of gasoil in October, according to sources
Three sources familiar with the matter confirmed on Tuesday that Pertamina, Indonesia's gasoil producer, is looking to procure more than 1.6 million barrels at a high sulphur level of 2500ppm for delivery during the second half of October. The state…
Sources say that Indonesia's Pertamina is looking for up to 1.1 million bbls Oct gasoil with high sulphur content.
Three trade sources on Wednesday said that Indonesia's Pertamina was seeking up to 1.1 millions barrels of gasoil with a sulphur content of 2500ppm for delivery in October's first half. They added that this could be because of refinery production issues.
Japan signs 70 MOUs on energy transition with partners
On Wednesday, Japan signed 70 Memorandums of Understanding (MOUs) with partners regarding energy transition on the sidelines Asia Zero Emission Community Ministerial Meeting in Jakarta. The AZEC initiative was launched in 2023 by 11 countries, including Indonesia…
Indonesia's Pertamina Expects up to 180,000 bpd from Rokan Block when It Takes Over from Chevron
Indonesian state oil company PT Pertamina expects to produce 170,000-180,000 barrels per day (bpd) at the Rokan block when it takes over in August next year, the chief executive of Pertamina Hulu Energi, Budiman Parhusip, said on Wednesday.The government decided in 2018 that the operation of Rokan…
Indonesia Targets IPOs of Pertamina Sub-holdings
Indonesia's State-Owned Enterprise Minister Erick Thohir said on Friday he aimed to group units of state oil and gas company PT Pertamina into "sub-holdings" and launch initial public offerings within two years.Thohir is trying to revamp hundreds of Indonesian state companies to boost profitability…
Pertamina to Develop Cilacap Refinery without Saudi Aramco
Indonesia's PT Pertamina will develop its Cilacap refinery in Central Java "independently", the state energy company said on Friday, dropping a plan to boost capacity through a joint venture with Saudi Aramco.The two companies have been in talks…
Siemens Equipment for Pertamina's Balikpapan Refinery
Siemens Gas and Power will supply a range of compression and power generation equipment for the Petramina's Balikpapan Refinery located on Borneo Island in East Kalimantan, Indonesia.The equipment will be installed as part of Pertamina’s Refinery Development Master Plan (RDMP).
Pertamina Buys NWS Condensate at 'Deep Discount'
Indonesia's state oil and gas company PT Pertamina has bought a cargo of Australian North West Shelf (NWS) condensate at a deep discount of $8 a barrel to dated Brent on a cost-and-freight (CFR) basis, three trade sources told Reuters on Wednesday.
Indonesia Plans New Gas Pricing for Industrial Users
Indonesia plans to unveil a new gas pricing policy for industrial customers in March in a bid to lower energy costs for manufacturers, Energy and Mineral Resources Minister Arifin Tasrif said on Thursday.Indonesia's President Joko Widodo earlier…
Indonesia Mulls Production Contract Schemes
Indonesia considers allowing for production sharing oil and gas contracts optionsIndonesia is considering letting energy companies stick with the "cost recovery" system for oil and gas production sharing contracts, the energy minister said on Monday…
NYK, Pertamina Ink Energy Transport MOU
As demand for energy transportation, especially liquefied natural gas (LNG), is expected to increase in Indonesia, NYK and PT Pertamina International Shipping (PIS), a wholly owned subsidiary of PT Pertamina (Persero) agreed to a memorandum of understanding…
Indonesia Inks 20-year PSC for Corridor Block
Indonesia's government signed on Monday a production sharing contract with units of ConocoPhillips, PT Pertamina and Repsol SA for the Corridor natural gas blocks, Energy and Mineral Resources Minister Arifin Tasrif told reporters.The contract will extend by 20 years the current contract with the same co
Pertamina, Aramco Extend Cilacap Refinery Talks
Indonesia's PT Pertamina and Saudi Aramco have extended negotiations regarding an upgrade to Pertamina's Cilacap oil refinery December, State-Owned Enterprise Minister Erick Thohir said on Tuesday.The two sides have extended their negotiations a…
Neptune Acquires Interests in Offshore Indonesia
Neptune Energy East Sepinggan, subsidiary of the European exploration and production company Neptune Energy has agreed to acquire interests from the Eni East Sepinggan Limited, a unit of Eni in the Kutei basin production sharing contracts (PSC)…
ADNOC, Pertamina Ink Development Pact
The Abu Dhabi National Oil Company (ADNOC) signed an agreement on Wednesday with Indonesia's state-owned energy company PT Pertamina for oil and gas collaboration in both countries and globally, ADNOC said in a statement.The comprehensive strategic framework (CSF) agreement was signed on the sidelines of
Indonesia Extends Corridor Block Contract
Indonesia has agreed to extend the production sharing contract for the Corridor natural gas block with ConocoPhillips, Spain's Repsol SA and Pertamina, Deputy Energy Minister Arcandra Tahar said on Monday.The existing contract will expire in December…
Anadarko Mulls 16 LNG Charters for Mozambique
Anadarko said on Thursday it would seek long-term charters for around 16 liquefied natural gas (LNG) tankers it would need to ship gas from a proposed project in Mozambique.The independent U.S. energy producer aims to take a final investment decision on the $20 billion project in the coming months…
