Energy and Resources
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Pertamina NRE-LONGi launch solar panel manufacturing facility to boost energy transition
Indonesia’s energy transition takes a major leap forward as State energy company Pertamina New & Renewable Energy (Pertamina NRE), in partnership with LONGi Green Technology Co., Ltd., launched a solar panel manufacturing project in Deltamas, West Java, on Monday, June 23, 2025.
PIS monitors geopolitical risks, eyes maritime revitalization with PT PAL
The shipping arm of state-owned oil and gas giant, Pertamina International Shipping (PIS), is closely monitoring developments in critical maritime routes while preparing contingency strategies to ensure continued energy security.
Pertamina reroutes oil tankers amid escalating Iran-Israel conflict
State energy company PT Pertamina has rerouted its crude oil shipments from the Middle East to Indonesia as tensions between Iran and Israel escalate, raising the prospect of a full closure of the strategic Strait of Hormuz.
BREN secures US$121.1 M loan to expand Salak-Darajat geothermal project
PT Barito Renewables Energy (BREN), a renewable energy firm under the control of Indonesian tycoon Prajogo Pangestu, has secured a US$121.1 million (Rp1.99 trillion) loan to fund the expansion of its Salak-Darajat geothermal project through its subsidiaries under the Star Energy Geothermal Group.
Oil production on the rise, surpassing 2024 Output: SKK Migas
The national oil and gas sector has shown signs of recovery as oil production begins to climb steadily, surpassing last year’s levels, with the Upstream Oil and Gas Regulatory Task Force (SKK Migas) revealing that national crude oil output was recorded at 583,275 barrels of oil per day (BOPD) in June, up from 580,405 BOPD in May and exceeding the full-year 2024 average of 580,142 BOPD.
Group asks government to evaluate granting of permits on all small islands
Civil Society group Auriga Nusantara has called on the government to immediately revoke all mining permits issued on small islands and pursue legal action against companies responsible for ecological damage.
Pertamina NRE to build solar panel plant, backs RI’s clean energy export to Singapore
A subsidiary of state-owned energy company PT Pertamina, PT Pertamina New & Renewable Energy (Pertamina NRE) has announced plan to build a solar panel manufacturing facility as part of Indonesia’s broader strategy to export clean electricity to Singapore.
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).