Energy and Resources
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Upstream oil and gas industry steps up community engagement
The upstream oil and gas sector continues to wrestle with multiple hurdles, ranging from operational bottlenecks to social friction with Indigenous communities.
Coal output to hit 2025 target, despite increasing costs and policy instability
Indonesia’s coal sector is expected to meet the government’s 2025 production target despite a significant drop from last year’s output, according to the Indonesian Coal Mining Association (APBI).
PLN, EU & KfW back Indonesia's clean energy with Sumatra & Java pumped storage
State power utility PT PLN is accelerating Indonesia’s clean energy transition through cooperation agreement with the European Union, Germany’s KfW Development Bank, and infrastructure development PT Sarana Multi Infrastruktur (SMI) to develop large-scale renewable pumped storage hydropower projects in North Sumatra and East Java.
Aspebindo calls for price changes, policy updates for Indonesia's energy goals
The Association of Indonesian Energy, Mineral, and Coal Suppliers (Aspebindo) has called for price adjustments and regulatory reforms to support coal producers and accelerate Indonesia’s energy transition amidst rising production costs, tight margins, and persistent infrastructure gaps.
Indonesian fiscal policy still heavy on oil and gas over renewable energy: Study
Indonesia's fiscal policy for the 2020-2025 period is still not preferable toward the development of renewable energy as it has yet to show the linkup between fossil energy sector's income with the funding of renewable energy, concluded a study by Initiative Association.
Toyota and Pertamina partner to develop a bioethanol ecosystem in Indonesia
Toyota Motor Corporation − via PT Toyota Motor Manufacturing Indonesia (TMMIN) − plans to invest in developing a bioethanol ecosystem in Indonesia through a joint venture (JV) with State energy giant PT Pertamina.
Government to auction 75 oil and gas blocks by 2027 to boost exploration
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) says the government has plan to auction 75 oil and gas working areas over the next two years as part of the efforts to strengthen upstream exploration and secure future energy supplies.
Shell to reenter Indonesia’s upstream oil & gas sector through joint study with Kufpec
Shell plc is set to return to Indonesia’s upstream oil and gas sector through a joint study with Kuwait Foreign Petroleum Exploration Company (Kufpec), signaling renewed interest from major global energy firms in the country’s exploration potential.
Barito Renewables increases 2025 Capex to US$250M, expediting geothermal expansion
PT Barito Renewables Energy (BREN), a renewable energy company owned by tycoon Prajogo Pangestu, has allocated a capital expenditure (capex) of US$250 million (Rp4.17 trillion) for next year.
Pertamina expected to take over Tuna oil&gas block after Harbour Energy’s exit
Head of the Upstream Oil and Gas Regulatory Task Force (SKK Migas), Djoko Siswanto, has expressed hope that State energy company Pertamina will take over the Tuna oil and gas block following the withdrawal of Harbour Energy.
Industry ministry urges foreign steel producers to build plants in Indonesia
The Ministry of Industry has called on foreign steel producers exporting their products to Indonesia to establish manufacturing plants here as their presence is crucial in strengthening competitiveness of the national steel industry.
SMI allocates Rp26.9 trillion for renewable energy financing
State-owned infrastructure financing company PT Sarana Multi Infrastruktur or PT SMI has disbursed Rp26.9 trillion (US$1.6 billion) in financing for the new and renewable energy sector, making it the second-largest recipient of the firm’s funding commitments.