Friday, June 14, 2024

Tag: BUMN

State electricity company PT PLN has secured a lending facility from a consortium of the World Bank, Canada Clean Energy & Forest Climate Facility and Clean Technology Fund amounting to US$581.5 million for increased access to electrification in the country, energy transition programs and the company’s digitization. […]
State energy company PT Pertamina recorded positive performance in 2023, booking a total profit of US$ 4.77 billion (Rp 72.7 trillion), an increase by 17 percent from 2022, and its earnings before interest, tax, depreciation and amortization (EBITDA) at US$14.36 billion, a six-percent increase from the 2022 figure. […]
PT Pertamina EP, a subsidiary of State oil and gas company Pertamina, has identified the world’s geopolitical conditions as the biggest challenge for the country’s oil and gas industry due to its multiplier effect. […]
JAKARTA − The Indonesian Mining Industry Holding Company (MIND ID) booked a net profit of Rp27.5 trillion US$1.68 billion) in 2023, an increase by 22.4 percent from 2022 and 36.3 percent higher than the 2023 target stipulated in the company’s Working Plan and Budget (RKAP). […]
PT Pertamina Patra Niaga, Pertamina’s Commercial & Trading Sub Holding has moved to safeguard residents of Tasikharjo Village, Tuban Regency, East Java, who took refuge at the local disaster mitigation agency (BPBD) post on Monday, June 10, 2024 following gas leak incident at the Tuban Fuel Terminal. […]
Jakarta − The Upstream Oil and Gas Regulatory Task Force (SKK Migas) and gas contractors (KKKS) have been actively enggaged in efforts to achieve zero routine flaring target and to increase the added-value of gas production by utilizing gas that has the potential to be used as derivative products into LNG and LPG. […]
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) has identified three main reasons for the delay in achieving Indonesia’s 2030 oil and gas production targets, including delays in the onstream schedule of planned projects, such as the Blok Tuna in the North Natuna Sea. […]
The oil production of State oil and gas company PT Pertamina in 2023 recorded an increase of 8 percent compared to oil production in 2022. Pertamina’s oil production rose from 514,000 Barrels per Day (BOPD) in 2022 to 566,000 BOPD in 2023. […]
Jakarta − State oil and gas company PT Pertamina and Bakrie Group are collaborating to build the Nusantara Sustainability Hub in the Nusantara Capital City (IKN) meant for the International Institute of Sustainability Indonesia (IISI) to develop a world-class sustainable energy research centre and education facility. […]
Jakarta − State electricity company PT PLN has been engaged in effirts to accelerate energy transition in the country through the development of New Renewable Energy (EBT) with a positive trend record, says PLN President Director Darmawan Prasodjo. […]
June 1, 2024 − The Ministry of Energy and Mineral Resources (ESDM), through the Directorate General of Oil and Gas, continues to encourage the Indonesian households to use natural gas through the natural gas network (Jargas) program. […]
Jakarta, June 1, 2024 − State electricity company PT PLN signed a memorandum of understanding (MoU) with PT GoTo Gojek Tokopedia to provide official transportation within the PLN Group. […]
State electricity company PT PLN is working on three large-scale floating solar power plant (PLTS) projects at three different locations, with operations expected to begin between 2025 and 2026. […]
State electricity company PT PLN has booked a net profit of Rp22.07 trillion or US$1.4 billion in 2023, the largest in the company’s history. The amount was one and a half times of its net profit in 2022. […]
PT Pertamina EP Cepu (PEPC), an upstream subholding of State energy company PT Pertamina which operates the Jambaran-Tiung Biru (JTB) Gas Field in Bojonegoro, East Java, has recorded a milestone with the JTB Field stably booking full capacity production of 192 million standard cubic feet per day (MMSCFD) for a long period of time. […]
PT Perikanan Indonesia, a subsidiary of the state-owned enterprise (BUMN) food holding company ID FOOD, has been placed under debt payment suspension (PKPU) by the Commercial Court at the Central Jakarta District Court over the company’s inability to meet its debt obligations. […]
State electricity company PT PLN and the Government of Indonesia invite the global community to collaborate in energy transition, particularly in its funding efforts. […]
PT PP has planned to divest its shares in the Semarang-Demak Toll Road as part of the efforts to strengthen its financial health. […]
PT Medco Energi Internasional (Medco) has reported a relatively stable oil and gas production of 157,000 barrels of oil equivalent per day (mboepd) in the first quarter of 2024 if compared with the performance of oil and gas operations throughout the fourth quarter of 2023. However, oil and gas production in the first quarter of 2024 was relatively lower or […]
PT Pertamina New & Renewable Energy (PNRE), a subsidiary of State energy company PT Pertamina and member of the Task Force for the Acceleration of Sugar and Bioethanol Self-Sufficiency in Merauke, South Papua, is opening communication with Brazil for bioethanol development cooperation. […]
PT Perusahaan Gas Negara (PGN), together with Conrad Asia Energy Ltd (ASX:CRD), is exploring the possibility of constructing a mini LNG plant in connection with the effort to commercialize gas from the Meulaboh & Singkil Blocks, offshore Aceh. […]
In an effort to implement a new renewable energy ecosystem, Indonesia Battery Corporation (IBC) signed a Memorandum of Understanding (MoU) with seven State-Owned Enterprises (SOEs). […]
PT Pertamina Bina Medika, an Indonesia Healthcare Corporation (IHC) and holding of state-owned hospitals, signed a Memorandum of Understanding (MoU) with SingHealth, Singapore’s largest public healthcare group, on cross-sharing of clinical practices, innovations, training to improve the quality of healthcare services. […]
State-owned gas distribution company PT Perusahaan Gas Negara (PGN) is set to optimize liquefied natural gas (LNG) products to penetrate deeper into the market and meet industrial energy needs. This strategic move aims to ensure resilience amidst global geopolitical risks. […]
PT Hutama Karya (HK) reveals that they have absorbed 76 percent of the total State Capital Injection (PMN) amounting to Rp112.5 trillion (US$6.9 billion) injected from 2015 until 2023. […]
The Aceh Oil and Gas Management Agency (BPMA) is awaiting the proposal from Pertamina EP regarding the return of certain oil block assets to the Aceh Provincial Administration. […]
PT Hutama Karya (HK) has been named by the Ministry of Public Works and Housing (PUPR) as the winner of the bidding for the construction of the Trans Papua Road section from Jayapura to Wamena, specifically the Mamberamo-Elelim segment in Papua Mountains Province. […]
Minister of State-Owned Enterprises (SOEs) Erick Thohir has warned the Indonesian SOEs to anticipate the impact of global economic and geopolitical turmoil, citing the US inflation at 3.5 percent as indicator that the Fed would not lower the benchmark interest rate (Fed Fund Rate) in the near future. […]
President Joko “Jokowi” Widodo has approved the additional state capital injection (PMN) to PT Wijaya Karya (WIKA) amounting to Rp6 trillion (US$419 million). […]
State-owned infrastructure financing company PT Sarana Multi Infrastruktur (SMI) recorded a net profit of Rp2.07 trillion or equivalent to US$144.5 million throughout 2023, partly supported by growth in operating income. […]