#Corporate
PGE launches world’s 1st real-time geothermal measurement system
PT Pertamina Geothermal Energy (PGE), a subsidiary of State energy company Pertamina in the geothermal sector, has launched Flow2Max, the world’s first technology capable of real-time measurement of dual-phase fluid flow in geothermal facilities.
Residents sued for blocking production road in PT IHIP industrial zone
Land conflicts between residents of Topogaro and Tondo villages in Morowali regency, Central Sulawesi, and PT Indonesia Huabao Industrial Park (PT IHIP) industrial zone heat up with four village residents being sued by a tenant of the industrial zone for blocking its production road.
Bahlil: Freeport abit slow in preparing condition for permit extension
Former Minister of Investment/Head of Investment Coordinating Board and newly appointed Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia says that PT Freeport Indonesia has been a bit slow in preparing various conditions for the extension of the company’s special mining business permit (IUPK).
Foreign investors flock to major bank stocks in a robust week of trading
Foreign investors have been aggressively purchasing shares of Indonesia's leading banks in the past week, including PT Bank Mandiri (BMRI), PT Bank Central Asia (BBCA), PT Bank Rakyat Indonesia (BBRI), and PT Bank Negara Indonesia (BBNI), with total purchases amounting to Rp1.44 trillion (Rp92.4 million).
PHE books oil and gas production increase in first semester of 2024
PT Pertamina Hulu Energi (PHE), an oil and gas upstream subholding of state owned energy company Pertamina, booked oil and gas production of 1.05 million barrels of oil equivalent per day (BOEPD) in the first semester of 2024, with 556,000 barrels of oil per day and gas of 2.86 billion standard cubic feet per day (Bcf/D), or an increase by 0.3 percent from the first semester of 2023.
PLN collaborates with Saudi company to develop Saguling Floating Solar PV
State power utility PT PLN signed power purchased agreement (PPA) with Saudi Arabia energy company ACWA Power on Tuesday, August 13, 2024, to develop floating solar power plant Saguling in West Java with the capacity of 92 MWp.
Pertamina-Siemens collaborate on sustainable energy transition
Indonesia state owned energy company PT Pertamina has sealed a deal with Siemens Energy to realize safe and affordable sustainable energy in Indonesia following the signing of a memorandum of understanding on business opportunities and potential collaboration for technology acceleration in Jakarta on Tuesday, August 13, 2024.
Indonesia, a major market for building materials: Kohler Indonesia GM
Indonesia is recognized as a significant market for building materials, with the industry showing strong growth potential, says Kohler Indonesia GM.
Twenty-eight companies ready for IPO, raising over Rp5 trillion: IDX
The Indonesia Stock Exchange (IDX) has reported that 28 companies are planning to launch initial public offerings (IPOs) in the near future, including four large-scale companies with assets exceeding Rp250 billion (US$15.7 million).
ExxonMobil to conduct joint study for oil and gas exploration in Indonesia: Arifin
Minister of Energy and Mineral Resources (ESDM), Arifin Tasrif, has announced that ExxonMobil is planning to conduct a joint study to explore potential oil and gas reserves in Indonesia.
Harita Nickel pursues IRMA certification to strengthen market presence in Europe
Integrated nickel processing technology company, Harita Nickel, is actively working towards obtaining certification from the Initiative for Responsible Mining Assurance (IRMA) as part of its strategy to enhance its product marketability in Europe.
Three North Sumatra companies to go public in 2025
The North Sumatra office of the Financial Services Authority (OJK) has announced that three companies based in the province are gearing up for their initial public offerings (IPOs) on the Indonesia Stock Exchange (IDX) in 2025.