#Energy
PHE to boost massive and aggressive oil and gas exploration
Oil and gas company Pertamina Hulu Energi (PHE) has expressed commitment to significantly intensify oil and gas exploration this year, aiming to discover new potential resources, particularly large-scale reserves or "big fish."
Jokowi approves solar panel regulation revision
President Joko “Jokowi” Widodo, or Jokowi, has approved the revision of Minister of Energy and Mineral Resources Regulation No. 26/2021 regarding the development of rooftop solar power plants (PLTS) in early January 2024. Currently, the revised policy has entered the legislative stage and has been approved by Minister of Energy and Mineral Resources Arifin Tasrif.
ESDM strikes deal with Eni on decarbonization program
The Ministry of Energy and Mineral Resources (ESDM) signed a low-carbon business development cooperation agreement with Italian oil giant Eni S.p.A (Eni) at the ministry headquarters in Jakarta on Friday, February 2, 2024.
Conrad pursues gas export from Indonesia to Singapore
Conrad Asia Energy Ltd. continues its efforts to secure access for the sale of gas from the Duyung Block to Singapore through the pipeline facilities of the West Natuna Transportation System (WNTS) joint venture. These efforts involve commercial and legal agreements to supply gas to the prospective buyer, SembCorp Gas Pte Ltd., a Singaporean power company.
SKK Migas reports progress in tuna block management transition
The Indonesian Upstream Oil and Gas Regulatory Task Force (SKK Migas) provides the latest update on the management transition of the Tuna Block in the North Natuna Sea, with foreign companies showing intterest in the process.
Supporting decarbonization, Pertamina Patra Niaga facilitates carbon purchases
In an effort to provide decarbonization solutions for its business partners, Commercial and trading subholding of Pertamina, PT Pertamina Patra Niaga, is opening opportunities for carbon trading with domestic and international companies.
Bahlil showcases massive EV battery investments amid LFP controversy
Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia unveiled the progress of investments by giants in the electric vehicle (EV) battery sector who have injected substantial capital into Indonesia in line with the government's commitment to nickel downstreaming.
Russian investment of Rp211.9 trillion stalled in Tuban
The investment by Rosneft Singapore Pte Ltd, an affiliate of the Russian oil company Rosneft, in the strategic national project Grass Root Refinery in Tuban, East Java, is currentlyinterupted due to the escalating geopolitical situation resulting from the war in Ukraine.
Pertamina develops oil, gas fields in Venezuela
Indonesia’s energy company Pertamina is developing an oil and gas field in Maracaibo basin in Venezuela, with a potential reserve of 12 billion barrels oil.
Six oil and gas blocks offered in 2023 Auction remain unsold
The Ministry of Energy and Mineral Resources (ESDM) has not yet got winners for the auction of six oil and gas working areas (WK) opened in the second and third auction periods of 2023. These six blocks include Panai WK, Patin WK, Natuna D-Alpha WK, Akimeugah I WK, Akimeugah II WK, and Bobara WK. The blocks mentioned latter are still in the evaluation stage with interested companies.
Negotiations for gas export to Singapore stalled, Mako field investment postponed
Conrad Asia Energy Ltd has confirmed the postponement of the final investment decision (FID) for the Mako gas field in Natuna regency until mid-2024. Initially, the FID was targeted to be completed by the end of 2023.
PLN Indonesia Power progresses with SMR nuclear power plant in W. Kalimantan
PT PLN Indonesia Power has reported significant advancements in the small modular reactor (SMR) nuclear power plant (PLTN) project in West Kalimantan, with the economic feasibility study phase nearing completion.