#BUMN
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.
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.