Energy and Resources
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Indonesia's oil lifting surpasses 2025 target, reaching 608,000 barrels per day
Indonesia has exceeded its 2025 oil lifting target, with current output reaching 608,000 barrels per day (bpd), surpassing the state budget (APBN) target of 605,000 bpd, according to Energy and Mineral Resources Minister Bahlil Lahadalia.
Indonesia-Malaysia explore joint development of disputed East Ambalat oil & gas block
Indonesia and Malaysia are still in the early stages of discussions to potentially jointly develop the East Ambalat oil and gas block, a resource-rich offshore area located near their maritime border in the Sulawesi Sea.
Oil & Gas firm chiefs reaffirm commitment to 2025 production targets at CEO Forum
Chief executive officers from Indonesia’s upstream oil and gas contractors (KKKS) reaffirmed their commitment to achieving national production targets for 2025 during the CEO Forum Hulu Migas in Jakarta on Wednesday, July 30, 2025.
Village cooperatives not eligible to manage oil wells: Bahlil
Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has clarified that the Red-and-White Cooperatives (KDMP), village-based cooperatives known for selling daily necessities, do not qualify to manage community oil wells under the government’s new energy regulation.
Medco E&P launches early production at Natuna’s 2nd Terubuk platform
Medco E&P Natuna Ltd. (Medco E&P) has launched first production from the Terubuk Wellhead Platform M (WHP-M), its second in South Natuna Sea Block B, reinforcing its commitment to national energy resilience.
Indonesia books US$27.9 billion investment in first semester 2025
Indonesia has booked significant investment of Rp477.7 trillion (US$31.5 billion) in the first semester of 2025, marking an 11.5 percent increase compared to the previous year, which recorded at Rp428.4 trillion (US$27.9 billion).
NTT residents protest water grab for geothermal project
Residents of South Golewa in Flores, East Nusa Tenggara (NTT) held a 1,000-candle vigil against the planned geothermal water extraction project by State electricity company PT PLN, signaling their rejection of any attempt to exploit the sacred Tiwu Bala spring.
Indonesia-U.S. IDFC explore investment partnership in critical minerals, energy
The Indonesian government, through its sovereign wealth fund managemen agency Danantara, is exploring a partnership with the United States International Development Finance Corporation (U.S. IDFC), focusing on financing investment in critical minerals and the energy sector.
Govt vows to maintain Tuna Block development timeline amid operator transition
The government is closely monitoring the development of the Tuna Block oil and gas project amid uncertainties following a shift in its operating partnership, affirming that the production schedule remains aligned with the approved Plan of Development (PoD).
PGN eyes sustained margins amid higher LNG utilization, operational expansion
State-owned gas distributor PT Perusahaan Gas Negara (PGN) has reported improved operational fundamentals and plans to increase its reliance on liquefied natural gas (LNG) as part of efforts to maintain positive profit margins.
SKK Migas records strong domestic content performance, surpassing 2025 targets
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) has reported that local content (TKDN) achievements in government projects as of June 2025 have exceeded the initially set targets.
Pertamina partners with U.S. energy giants to boost crude, fuel imports
Refining and petrochemical subholding of State energy company Pertamina, PT Kilang Pertamina Internasional, has set up a collaboration with ExxonMobil, Chevron, and KDT Global Resource to explore the possibility of importing crude oil and refined fuel from the United States.