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Pertamina International Shipping plans IPO, set to release minimum 10% of shares
PT Pertamina International Shipping (PIS) is gearing up for an initial public offering (IPO) on the Indonesia Stock Exchange (BEI) in the coming year, with plans to release a minimum of 10 percent of its shares to the public.
Pertamina Intl Shipping to have 15 more ships for business strengthening
PT Pertamina International Shipping (PIS), a Pertamina subsidiary engaged in integrated logistics and shipping, has ordered 15 medium-sized ships (40-50,000 deadweight) from Hyundai Mipo Dockyard, Ulsan, South Korea.
PLN to launch Indonesia's first hydrogen refueling station
Indonesia is poised to witness a groundbreaking development as State-owned electricity company PT PLN, under its subholding PLN Indonesia Power, gears up to operationalize the country's inaugural hydrogen refueling station (HRS) in Senayan, Jakarta. With the construction progress reaching an impressive 98 percent, the HRS is slated for completion by February 2024.
PLN partners with GoTo to provide official vehicles
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.
PLN advances renewable energy with three new floating solar power plants
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.
PLN books net profit of US$1.4 billion in 2023
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.
JTB gas field books record of full capacity production of 192 MMSCFD
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 put under debt payment suspension
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.
PLN, govt invite global community to collaborate on energy transition funding
State electricity company PT PLN and the Government of Indonesia invite the global community to collaborate in energy transition, particularly in its funding efforts. The call was reflected in the Tri Hita Karana - World Economic Forum agenda held in Bali on Sunday, May 19, 2024.
Pertamina sees increased, Medco decreased portion in Corridor Block
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 fell 7 mboepd below that in the first quarter of 2023.
Pertamina seeks collaboration with Brazil on bioethanol development
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.
IBC teams up with SOEs for renewable energy ecosystem development
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).