Business and Investment
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Chandra Asri offers high-quality material for geothermal projects
PT Chandra Asri Pacific (Chandra Asri Group) is participating in Indonesia’s renewable energy drive by providing essential infrastructure materials for Geothermal Power Plant (PLTP) projects in the country.
PHE to boost massive and aggressive oil and gas exploration
Oil and gas company Pertamina Hulu Energi (PHE) has expressed commitment to significantly intensify oil and gas exploration this year, aiming to discover new potential resources, particularly large-scale reserves or "big fish."
Jokowi approves solar panel regulation revision
President Joko “Jokowi” Widodo, or Jokowi, has approved the revision of Minister of Energy and Mineral Resources Regulation No. 26/2021 regarding the development of rooftop solar power plants (PLTS) in early January 2024. Currently, the revised policy has entered the legislative stage and has been approved by Minister of Energy and Mineral Resources Arifin Tasrif.
Airlangga: Downstreaming boosts N. Maluku economy, national growth
Coordinating Minister for the Economy, Airlangga Hartarto, highlights the positive impact of the downstreaming program initiated by President Joko “Jokowi” Widodo to the economy of North Maluku.
Indonesia should set up lithium ion battery factory: Expert
As the world’s largest owner of raw materials and resources, Indonesia should have lithium battery factory, an expert said.
SKK Migas reports progress in tuna block management transition
The Indonesian Upstream Oil and Gas Regulatory Task Force (SKK Migas) provides the latest update on the management transition of the Tuna Block in the North Natuna Sea, with foreign companies showing intterest in the process.
Demand for nickel to continuously increase in the future: Experts
Experts and observers in the energy and mining industries have expressed their confidence on the prospect of nickel use in the future, while citing that this typical silvery metal with its corrosion resistant capacity at high temperatures is used in a variety of industries.
Indonesia's ambitious dam projects attracting global interest
In a strategic move towards bolstering its infrastructure and energy capabilities, Indonesia's Ministry of Public Works and Housing is set to auction two major dam projects – the Merangin Dam and the Bodri Dam.
Telkom Indonesia stock falls amid corruption investigation at subsidiary
Shares of PT Telkom Indonesia (TLKM) in the Indonesia Stock Exchange dropped by 1.24 percent to Rp 3,990 per share on Friday, with its trading volume in the afternoon reaching 96.18 million shares and a transaction value recorded at IDR 382.51 billion (US$243.3 million), and the market capitalization reaching IDR 395.26 trillion.
Pertamina develops oil, gas fields in Venezuela
Indonesia’s energy company Pertamina is developing an oil and gas field in Maracaibo basin in Venezuela, with a potential reserve of 12 billion barrels oil.
PLN Indonesia Power progresses with SMR nuclear power plant in W. Kalimantan
PT PLN Indonesia Power has reported significant advancements in the small modular reactor (SMR) nuclear power plant (PLTN) project in West Kalimantan, with the economic feasibility study phase nearing completion.
Investment risks in oil and gas sector: Challenges, opportunities
A. Rinto Pudyantoro, a lecturer at the University of Pertamina, has identified 12 business risks associated with oil and gas investments. These risks, applicable globally and in Indonesia, encompass fiscal, economic, market, subsurface, technological, quality, cost, labor, time, environmental, security, and political.