Thursday, June 20, 2024

Tag: Energy

The Kayan Cascade hydropower project in Bulungan Regency, North Kalimantan, continues to progress despite facing significant setbacks, including the recent withdrawal of key international partners PowerChina and Sumitomo. […]
PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity company, has announced plans to construct three new wind power plants (PLTB) − PLTB Timor, PLTB Tanah Laut, and PLTB Sulbagsel − by 2027 with a combined capacity of 152 MW. […]
PT Medco Energi Internasional has announced the divestment of its stake in the oil and gas field Area 47 in Libya to the Libya National Oil Corporation (NOC). […]
Indonesia has harnessed less than 1 percent of its solar energy potential, lagging significantly behind neighboring countries as fossil fuels continue to dominate […]
Coordinating Minister for the Economy, Airlangga Hartarto, met with Daisuke Arakawa, a senior executive at Nikkei Inc, in Tokyo on Friday, outlining the Indonesian government’s commitment to energy transition through collaboration with Japan. One key area of cooperation is investment in electric vehicles (EVs). […]
JAKARTA, May 27, 2024 − Fossil fuels continue to dominate Southeast Asia’s energy sector, controlling around 83 percent of the region’s energy mix and largely overshadowing the 14.2 percent contribution from renewables. Among these, solar energy remains underutilized. While Vietnam has made significant strides, achieving an impressive 20.5 percent share of its power from solar, Indonesia still lags substantially, with less than 1 percent. […]
Coordinating Minister for the Economy, Airlangga Hartarto, met with South Korea’s Minister of Trade, Industry, and Energy (MOTIE) Ahn Duk Geun on Wednesday, May 22, 2024 to discuss bilateral cooperation in nuclear energy and electric vehicle (EV) ecosystem development. […]
Pertamina NRE and Masdar signed a memorandum of understanding on the development of solar and wind power plants in Indonesia and other countries with potential, on Tuesday, May 21, 2024. […]
PT Nusantara Regas, a subsidiary of State oil and gas company Pertamina, announced the company’s revenue of US$81.08 million for the fiscal year 2023 generated from LNG regasification services at the West Java Floating Storage & Regasification Unit (FSRU) facility. […]
PT Pertamina Power Indonesia, also known as Pertamina NRE, has highlighted that the current cost of hydrogen for transportation remains uncompetitive. Hydrogen is mainly used in the transportation sector for specialized fuel cell electric vehicles (FCEVs). […]
State electricity company PT PLN has completed the construction of the 2 X 55 MegaWatt (MW) Jatigede Hydroelectric Power Plant (PLTA) in Sumedang Regency, West Java. […]
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) has revealed significant untapped oil and gas resources in three critical basins in Indonesia, collectively holding potential resources amounting to tens of billions of barrels of oil equivalent (mboepd), both from already discovered sources and those awaiting exploration. […]
PT Chandra Asri Pacific (TPIA) has revealed its participation in a rigorous bidding process to acquire assets of Shell Energy and Chemicals Park in Singapore from Shell Singapore Pte Ltd., facing formidable competitors from various countries. […]
PT Pertamina Hulu Energi (PHE), a subsidiary of State and oil gas company Pertamina, and ExxonMobil are set to establish a technology hub for carbon capture storage/carbon capture utilization storage (CCS/CCUS) in the Offshore Southeast Sumatra (OSES) working area. […]
State oil and gas company Pertamina has established strategic cooperation with Korea National Oil Corporation (KNOC) and ExxonMobil for the development of cross-border Carbon Capture and Storage (CCS) between Indonesia and South Korea. […]
The government has announced the Oil and Gas Working Area Offer Phase I Year 2024 at the opening ceremony of the 48th IPA event at ICE BSD City, Tangerang, on Tuesday, May 14, 2024. […]
The government continues to encourage exploration and exploitation of oil and gas resources to fulfil national energy needs and support economic growth in various sectors. […]
Minister of Emergy and Mineral Resources, Arifin Tasrif, says Indonesia is currently focusing its efforts on exploring oil and gas basins in an attempt to increase their production amid declining production of the two energy sources. […]
Minister of Energy and Mineral Resources (ESDM), Arifin Tasrif says oil and gas will continue to play a pivotal role in securing Indonesia energy supply, particularly in transportation and power sectors, despite the present worldwide trend of adopting cleaner and renewable energy sources amid the transition towards Net Zero Emission by 2060. […]
Italian energy behemoth Eni is embarking on a spin-off strategy for its potential oil and gas (O&G) projects, aiming to bolster these endeavors while sharpening its focus on low-carbon business ventures. […]
Jejakin, an Indonesian-based climate tech provider focusing on carbon management platform, has secured new funding of US$2.7 million to finance major areas of R&D, technological improvement, and market growth. […]
State electricity company PT PLN can solve its financial problems by accelerating the development of solar and wind energy. Increased solar and wind energy capacity, as well as less coal, will cut PLN’s cost of generation, which in turn will lower the country’s electricity subsidy burden. […]
PT Pertamina Hulu Energi (PHE) as Pertamina’s Upstream Subholding continues to carry out various innovations and developments in the field of exploration as an effort to improve the company’s performance in maintaining national energy security. […]
PT Pertamina Marine Engineering (PME), an oceanography, underwater and port construction and maintenance services provider of State oil and gas company PT Pertamina, has successfully concluded four underwater work services (UWS) projects in the first quarter of 2024. […]
The growth of solar and wind power pushed global renewable electricity to surpass 30 percent for the first time in 2023. Unfortunately, renewable energy growth in Indonesia is not as high as the global trend, with only 20 percent of electricity coming from renewables in 2022. […]
PT Pertamina International Shipping (PIS) is solidifying its position as a top-tier player in ASEAN LPG transport by acquiring two additional Very Large Gas Carriers (VLGCs), named VLGC Pertamina Gas Caspia and VLGC Pertamina Gas Dahlia. […]
State-owned gas distribution company PT Perusahaan Gas Negara (PGN) has supplied natural gas up to 9.49 billion British thermal units per day (BBtud) to the Manyar Smelter, the largest single-line copper smelter in the world operated by PT Freeport Indonesia. […]
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) continues to push for the completion of the divestment of ZN Asia Ltd., a subsidiary of the Russian State-Owned Enterprise (SOE) Zarubezhneft, in the Tuna Block, located offshore East Natuna. […]