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PGN cooperates with Likuid Nusantara Gas to reduce LPG dependency in E. Java
State-owned gas company PT PGN, as gas subholding of state owned energy company PT PERTAMINA, on Thursday, August 8, 2024, signed a Memorandum of Understanding (MoU) with PT Likuid Nusantara Gas for cooperation in Liquefied Natural Gas (LNG) sector in East Java.
Pertamina strengthens energy security while advancing towards sustainability
State energy company PT Pertamina is putting all the efforts to address the energy trilemma, which involves optimizing national oil and gas production to ensure energy security and affordability, while simultaneously adhering to environmental sustainability principles.
Pertamina aims for 56 percent investment in renewable energy by 2030
State oil and gas company PT Pertamina has set the target that by 2030, 56 percent of its investments will be allocated to renewable energy.
Pertamina NRE sells 460,000 tons of Carbon in July 2024
Industry players' awareness of climate change issues has led to increased efforts to reduce emissions from corporate operational activities as reflected in increased sales of Pertamina New & Renewable Energy (Pertamina NRE) carbon credits.
IDX seeks clarification from WIKA on debt postponement petition
The Indonesia Stock Exchange (IDX) has requested explanation from State-owned construction firm PT Wijaya Karya (WIKA) over the Suspension of Debt Payment Obligations (PKPU) petition filed by four of its creditors in the Commercial Court of the Central Jakarta District Court.
Indonesia-S’pore economic cooperation: Strong partnership for financial innovation
The economic cooperation between Indonesia and Singapore not only showcases a robust bilateral partnership but also fosters new innovations in the regional financial sector as both countries continuously strive to strengthen economic integration through various strategic initiatives.
Indonesia attempts to maintain oil production amidst declining trend
Indonesia is trying to increase its oil production that has been dropping since 2020, reversing the declining production trend by exploiting old oil fields and try to find new oil fields.
PMSol seals deal with two Malaysian manning agencies
PT Pertamina Marine Solutions (PMSol), a subsidiary of PT PERTAMINA Trans Kontinental, has expanded its business by signing a strategic cooperation or Memorandum of Understanding with two Malaysian manning agencies on July 23, 2024.
SMI books Rp2.07 trillion in net profit in 2023
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.
PIS deploys 326 fuel ships, ensuring supply for Idul Fitri
PT Pertamina International Shipping (PIS) guarantees the distribution of fuel oil and LPG via sea routes throughout Ramadan until Idul Fitri period this year.
Adhi Karya seeks capital injection of Rp2.1 trillion to expedite two toll road projects
PT Adhi Karya (ADHI) seeks state capital injection (PMN) amounting to Rp2.1 trillion for the fiscal year 2025 to support the development of two sections of the Trans-Java Toll Road (JTT).
PLN Nusantara Power's performance soar in 2023 upon optimization program
PLN Nusantara Power (PLN NP), a subsidiary of State electricity company PT PLN, recorded electricity production of 66.8 million mega watt hours (MWh) in 2023 or grew 291 percent compared to the 2022 realization of 17 million MWh following plant optimization measures taken throughout last year.