Energy and Resources
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Medco Energi Books Strong Financial, Operational Performance in 2024
PT Medco Energi Internasional Tbk (MedcoEnergi) announced its audited 2024 annual financial report. The company recorded significant achievements in oil and gas production, electricity sales, cost efficiency, and capital management.
Price reduction, policy support needed as high cost hinders green hydrogen growth
Executive Director of the Institute for Essential Services Reform (IESR) Fabby Tumiwa cited that high prices are one of the biggest challenges in developing green hydrogen in Indonesia.
PGE awaits Danantara investment to boost Indonesia's renewable energy expansion
Geothermal energy subsidiary of State energy company PT Pertamina, PT Pertamina Geothermal Energy (PGE) is waiting for a capital injection from the Daya Anagata Nusantara Investment Management Agency (BPI Danantara) to support its renewable energy expansion plan.
Debt restructuring, efficiency key as mining industry braces for higher royalties
Business actors need to retructure their debts in response to the increase in mineral and coal (minerba) royalty rates as regulated in revised regulations on tariffs for Non-tax State Revenue and tax treatment in the coal mining business sector, says the Indonesian Mineral and Coal Energy Suppliers Association (Aspebindo).
Indonesia asked to boost land allocation for EBT development
Institute for Essential Services Reform (IESR), a think tank for renewable energy (EBT), encourages the government to accommodate land allocation for the development of new and renewable energy (EBT) in regional spatial planning, in an effort to accelerate EBT development in Indonesia.
Indonesia's palm oil output may decline amid ownership transition to Agrinas Palma
The Indonesian Palm Oil Association (GAPKI) stated that the volume of crude palm oil (CPO) output this year could contract due to the transfer of ownership to State-owned PT Agrinas Palma Nusantara.
PGE targets 395 MW electricity from three new power plants by 2027
PT Pertamina Geothermal Energy (PGE), a geothermal energy subsidiary of State energy company PT Pertamina is targeting three new geothermal power plants (PLTP) to operate in 2025 to 2027.
UN envoy Retno Marsudi warns of global water crisis, floods, polluted water
The United Nations Secretary-General's Special Envoy for Water Issues, Retno Marsudi said water is an important element to achieve sustainable development goals (SDGs), but warned of three global challenges related to water − excessive water supply, shortages, and contaminated water conditions due to pollution.
Energi Mega Persada to develop CCS/CCUS facility in Aceh’s Arun Field
Bakrie Group oil and gas company, PT Energi Mega Persada (EMP), along with its subsidiary PT Pema Global Energi (PGE), has announced plans to develop Carbon Capture and Storage (CCS) and Carbon Capture, Utilization and Storage (CCUS) facility in Arun Field, Aceh.
MedcoEnergi buys back 407 million shares, prepares US$50 million in funds
PT MedcoEnergi Internasional (IDX: MEDC) has announced the plan to buy back 407 million shares, or equivalent to 1.62 percent of the issued and fully paid capital within the next three months after the disclosure of information submitted on Tuesday, March 25, 2025.
Government hopes miners to support Royalty Rate increase policy
The government has expressed hope that business actors in the mining sector will support its plan to increase royalty rates for a number of mineral and coal commodities as part of the efforts to increase the State revenue.
BRIN-Banjarnegara administration develop technology to turn plastic waste into fuel
The National Research and Innovation Agency (BRIN) and the Banjarnegara Regency Government are developing technology to process plastic waste into fuel (petasol) through a fast pyrolysis (faspol) machine.