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Pertamina EP: Geopolitics, a crucial factor in Indonesia's oil & gas industry
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.
MIND ID books Rp27.5 trillion profit in 2023
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).
Pertamina Patra Niaga moves to safeguard residents following fuel pipe leak
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.
SKK Migas, contractors increase value-added gas production into LNG and LPG
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.
SKK Migas outlines delays in 2030 oil and gas production targets
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.
Pertamina's 2023 oil production increases by 8 percent
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.
Government encourages ‘Jargas’utilization in households
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.
Astra Agro Lestari: Indonesia has potential to develop 100% palm oil-based fuel
The Indonesian government continues to push for the development of bioenergy through a blend of diesel fuel and 35 percent palm oil, known as the mandatory biodiesel B35 program. The campaign is strengthened with the introduction of a vision for Indonesia to produce fuel that is 100 percent derived from palm oil, known as B100.
Pertamina claims competitive pricing for aviation fuel
PT Pertamina Patra Niaga, a Commercial & Trading Sub-Holding of PT Pertamina, responds to findings by the Business Competition Supervisory Commission (KPPU) regarding the monopoly of aviation fuel sales.
Formation of PLN's Midstream LNG Joint Venture Enters Auction Phase
PT PLN Energi Primer Indonesia (PLN EPI) is set to establish a joint venture company to build and operate midstream LNG infrastructure as part of the company's power plant gasification program. Mamit Setiawan, Corporate Secretary of PLN EPI, revealed that the company is currently conducting auctions to select potential partners. "In each cluster, PLN EPI will partner with one selected partner, which could be a single company or a consortium consisting of multiple companies," said Mamit when contacted on Friday (9/2/2024).
PTBA's aggressive development of Solar Power plants to boost renewable energy
PT Bukit Asam (PTBA), a member of the MIND ID Group in the coal mining sector, continues to drive its business processes through technological innovation in the use of renewable energy.
Agincourt commits Rp457 B for Martabe Gold Mine closure by 2033
Mining company PT Agincourt Resources has allocated a commitment of approximately US$29 million or equivalent to Rp457.91 billion for the closure of the Martabe Gold Mine area in North Sumatra, after the contract ends in 2033.