Energy and Resources
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Indonesia’s oil lifting inches up in H1 2025
The upstream oil and gas sector continues to show positive momentum in 2025, although key production metrics remain below government targets.
SKK Migas offers offshore oil&gas blocks to Chevron amid renewed interest
Indonesia’s upstream oil and gas regulator, SKK Migas, has extended an offer to U.S. energy giant Chevron to explore offshore blocks in Bali, as part of a broader effort to attract major investment into the country’s untapped oil and gas reserves.
Zarubezhneft to take over Tuna Block development as Harbour Energy exits
Russian state-owned oil and gas company Zarubezhneft is set to continue the development of the Tuna Block in North Natuna Sea after UK-based Harbour Energy Group announced its departure from the project amid escalating geopolitical tensions.
Chevron eyes a return to Indonesia’s upstream oil & gas sector
Global energy giants, including Chevron and Shell, are showing renewed interest in Indonesia’s upstream oil and gas sector, as the government intensifies efforts to attract foreign investment through fiscal reform and improved exploration data access.
Upstream oil & gas investment hits US$7.19 B in H1 2025, highest in a decade
The upstream oil and gas posted a significant investment rebound in the first half of 2025, with realized investments reaching US$7.19 billion, up 28.6 percent year-on-year from US$5.59 billion in the same period of2024, according to the Upstream Oil and Gas Regulatory Task Force (SKK Migas).
Indonesia finalizes second NDC as roadmap for sustainable, low-carbon future
The Indonesian government is in the final stages of preparing its Second Nationally Determined Contribution (Second NDC), a strategic climate policy document that will guide national efforts from 2031 to 2035.
Government eyes win-win energy trade deal with U.S. following tariff agreement
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia has vowed to ensure that the recently brokered trade agreement between President Prabowo Subianto and U.S. President Donald Trump would bring tangible benefits to Indonesia’s energy sector, particularly in securing strategic imports while exploring new export opportunities.
Antam to begin gold plant commissioning in late 2027, targets 5 million gold coin
State-owned diversified miner PT Aneka Tambang (Antam) has announced that its Avere precious metals manufacturing plant, which is located within the Java Integrated Industrial and Ports Estate (JIIPE) in Gresik, East Java, will enter the commissioning phase in Q4 2027, aimed at boosting the company’s gold coin and bullion production.
Vanda RE seals agreement with CATL to push on Indonesia’s green energy corridor
Vanda RE Pte Ltd, a joint venture between Singapore’s Gurīn Energy Pte Ltd and Gentari International Renewables Pte Ltd, has signed a framework supply agreement with Contemporary Amperex Technology Co., Limited (CATL), one of the world’s leading battery technology and energy storage providers.
Indonesia and BRICS hold the key to global energy transition: Report
The success of the global push to triple renewable energy by 2030, as agreed at COP28, heavily depends on energy transition efforts by Indonesia and fellow BRICS nations, said a new report by the Net Zero Policy Lab (NZPL) at Johns Hopkins University.
Oil & gas sector sees surge in development drilling amid energy security push
The upstream oil and gas industry continues to demonstrate strong momentum, with the number of development wells drilled reaching 337 by May 2025, a 20-percent increase compared to the same period last year, according to the Upstream Oil and Gas Regulatory Task Force (SKK Migas).
Indonesia launches first eco-friendly solder factory to boost tin downstreaming, exports
Deputy Minister of Investment and Downstreaming, Todotua Pasaribu, inaugurated Indonesia’s first eco-friendly solder factory, PT Solder Tin Andalan Indonesia (Stania), on Thursday, July 10, 2025.