Indonesia awarded five oil and gas blocks as it seeks energy security
Indonesia has awarded five oil blocks and gas blocks to various companies, the energy ministry announced on Wednesday. The country is trying to increase its oil reserves and energy security. In the next few years, the government will offer more…
Tariff talks: Indonesia proposes an increase of $10 billion in US energy imports
Energy Minister Bahlil Lahadalia said to local media that Indonesia would propose an increase of around $10 billion in its crude oil and liquefied gas imports from the United States as part of its ongoing tariff negotiations. Indonesian officials will be leaving for Washington, D.C.
Tariff talks: Indonesia proposes an increase of $10 billion in US energy imports
Energy Minister Bahlil Lahadalia said to local media that Indonesia would propose an increase of around $10 billion in its crude oil and liquefied gas imports from the United States as part of its ongoing tariff negotiations. Indonesian officials will be leaving for Washington, D.C.
Inpex, a Japanese company, has begun engineering design work for Indonesia's Abadi Liquefied Natural Gas project
Inpex Corp., a Japanese oil and natural gas exploration company, started Wednesday the front-end design process of its Abadi project for liquefied gas in Indonesia as the government pressed the company to speed up development. Shell's withdrawal from the project…
Indonesia's PGN uses LNG allocated for export to meet domestic demand
The chief executive of Perusahaan Gas Negara, a unit within the state-owned Indonesian oil and gas company Pertamina said that it would buy certain LNG cargoes contracted for export in order to meet domestic demand. Arief Setiawan Handoko, PGN's Chief Executive…
Indonesia's Pertamina promises to improve transparency after corruption allegations
Indonesia's state owned energy company Pertamina publicly apologized on Monday and promised to improve its governance following the arrest of five executives from one of its units for alleged corruption in relation to oil imports. Last week, the…
Indonesian prosecutors have arrested three Pertamina executives for oil imports
A senior official revealed that the Attorney General's Office in Indonesia has arrested three executives from Pertamina, a state-owned energy company. They were accused of corruption in relation to oil imports which cost the government $12 billion.
Inpex, a Japanese company, targets FID in 2027 for Indonesia's Abadi Liquefied natural gas project
Inpex Corp., Japan's largest oil and gas exploration company, announced on Thursday that it plans to make its final investment decision on the Abadi project for liquefied gas in Indonesia by 2027, as part of efforts to increase LNG supply. The company has a three-year plan that will run through 2027.
Pertamina, Indonesia's gasoil producer, is seeking 1.2 million barrels in January.
Multiple trade sources confirmed on Friday that Indonesian state-owned oil company Pertamina wants to purchase around 1.2 millions barrels of 2,500ppm gasoil in order to be delivered within the next few days. They said that the company was looking for one 500…
Market uncertainty caused by Indonesian B40 palm oil delays
Indonesia is yet to implement the higher blend of biodiesel that was planned for January 1, as industry participants are awaiting technical details of the regulation. This has caused confusion among palm oil dealers. The government pledged that…
Sources say that Pertamina Indonesia is looking for term jet fuel to be delivered in early 2025.
Pertamina, Indonesia's state owned energy company, is looking to buy at least 400,000 barrels (or equivalent) of jet fuel via its trading division for delivery between January 2025 and March 2025. Two sources familiar with the matter confirmed this on Thursday.
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…
