Energy and Resources
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Pertamina NRE acquires stake in Philippine energy firm CREC for US$120 million
State-owned energy company subholding, PT Pertamina New & Renewable Energy (Pertamina NRE), has acquired a 20 percent stake in Citicore Renewable Energy Corporation (CREC), a leading renewable energy developer in the Philippines, through a share subscription agreement valued at US$120 million.
UNESCO status halts Medco’s cement plant project in Kebumen
Following the recent designation of Kebumen in Central Java as a UNESCO Global Geopark, Medco Group’s subsidiary PT Semen Gombong has formally canceled its plans to develop a cement factory in the regency.
West Kalimantan tipped as strategic site for nuclear power development
Ministry of Energy and Mineral Resources (ESDM) has identified West Kalimantan as a region with significant and diverse energy potential, including nuclear resources, positioning it as a key candidate for future electricity generation development.
Oil prices edge up amid Israel-Iran tensions, heightening fiscal risks
Global oil prices continued their upward trend on Wednesday, June 18, 2025, driven by growing fears that the escalating conflict between Iran and Israel could disrupt vital energy supply chains, particularly in the Middle East.
Indonesia secures US$800 M investment for strategic chemical plant construction
Indonesia is taking a major step toward strengthening its industrial base and reducing reliance on imported raw materials with the signing of a Memorandum of Understanding (MoU) between the State investment management agency Danantara, the Indonesia Investment Authority (INA), and petrochemical and energy giant PT Chandra Asri Pacific (TPIA).
Indonesia to launch 1st ocean current power plant, boosting clean energy agenda
Indonesia is taking a major step toward expanding its renewable energy portfolio with the construction of the country's first ocean current power plant (PLTAL).
MedcoEnergi commences first oil lifting from Forel Field in South Natuna Sea
Energy company PT Medco Energi Internasional (MedcoEnergi) has announced the commencement of first oil lifting from the Forel oil and gas field located in the South Natuna Sea Block B, Riau Islands Province, marking a new milestone in Indonesia's upstream energy sector.
Nuclear energy must be central to Indonesia’s clean energy future: Lead engineer
Indonesia must urgently place nuclear energy at the center of its long-term national energy strategy to ensure energy security, economic competitiveness, and the success of its carbon neutrality goals by 2060, a leading Engineer said.
Indonesia poised to launch nuclear power plants by 2030s: Expert
An energy expert has expressed his confidence that Indonesia is ready to begin constructing nuclear power plants (PLTN) and have operational units by early 2030s, citing the legal and institutional infrastructure is in place and the country has sufficient technical expertise to manage nuclear energy safely and effectively.
Gag Nikel defends mining operation in Raja Ampat amidst govt’s suspension
PT Gag Nikel, a mining concession holder in Raja Ampat Regency, Southwest Papua Province, has defended its mining activities in the biodiversity-rich region saying that it has fulfilled the legal requirements to conduct mining operations there.
Prosecutors pursue key leads in Pertamina corruption probe during Singapore trip
Investigators of the Attorney General’s Office (AGO) have traveled to Singapore in pursuit of key information related to an ongoing investigation into high-profile corruption case involving officials of State energy company PT Pertamina and oil&gas contractors.
Antam’s subsidiary holds nickel mining license on Raja Ampat’s Gag Island: Bahlil
Minister of Energy and Mineral Resources (ESDM),Bahlil Lahadalia, has confirmed that nickel mining concession on Gag Island, part of the ecologically sensitive Raja Ampat archipelago, is controlled by PT Gag Nikel, a subsidiary of State miner PT Aneka Tambang (Antam).