#Energy
Repsol exits Indonesia's oil and gas sector, relieving Andaman III block to the government
European oil and gas company, Repsol, is reportedly in the process of withdrawing from the Indonesian oil and gas block, Andaman III, in Aceh. Repsol is returning the mega project to the country due to unsuccessful exploration activities.
PLN Group diversifies business collaborating with six startups on several news sectors
The PLN Group signed an MoU with six startups from Indonesia to explore business potential outside of electricity.
UK and United Arab Emirates companies express commitments to explore the Andaman Block off the coast of Aceh
The Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas) has reported that further exploratory drilling will be carried out in several work areas (WK) in the Andaman Sea, off the coast of Aceh.
Four Chinese investors to begin construction in North Kalimantan Industrial Zone
Bahlil Lahadalia, Minister of Investment said that Chinese investors will start groundbreaking construction in North Kalimantan industrial area for 3 different industries.
Wood Mackenzie predicts Indonesia would be a gas importer by 2040 amid growing demand
Wood Mackenzie, an Energy Consultant from the United Kingdom projects that Indonesia would become a gas importer starting in 2040.
Pertamina and Posco jointly manage Bunga working area for the next 30 years, boosting Indonesia's oil and gas exploration
PT Pertamina Hulu Energi (PHE) North East Java and PT Posco International ENP Indonesia (Posco ENP) have signed to manage the Interest Working Area (WK) for the next 30 years.
ENI secures 82% participating interest in Indonesia Deepwater Development (IDD) project, securing the oil and gas potential
Ente Nazionale Idrocarburi (ENI), an oil and gas company from Italy, will become the new operator of the Indonesia Deepwater Development (IDD) project with an 82% stake.
Indonesia's vast Natuna D-Alpha gas field and 2 others to be auctioned until November 2023
The Natuna D-Alpha, Panai and Patin Working Areas (WK) will be auctioned off by the Ministry of Energy and Mineral Resources (ESDM). The bidding process of the work areas will end on November 2023.
PLN commits to drive energy transition through Hijaunesia and Hydronesia megaprojects
Indonesian state-owned electricity company PLN, through its subsidiary PLN Indonesia Power (PLN IP), is leading the Hijaunesia and Hydronesia megaprojects to drive Indonesia's energy transition. These projects aim to increase renewable energy capacity by 8.1 gigawatts (GW).
Indonesian state-owned enterprises spearheading hydrogen collaboration for a green future despite shortcomings in its roadmap
Indonesian state-owned enterprises (SOEs) are currently taking the lead to forge significant collaboration with various stakeholders to develop and utilize hydrogen for clean and sustainable energy sources.
Pertamina and Petronas officially took over Shell's participation right in Masela Block
Indonesian state-owned oil and gas company PT Pertamina, and Malaysian oil and gas company Petronas have officially taken over 35% shares in the participation rights of the LNG Blok Masela project previously owned by Shell.
Indonesian coal sector saw shortage in heavy mining tires hampering its production
The coal mining sector in Indonesia is experiencing a shortage of tires for heavy equipment. It is projected that the supply of heavy machinery tires in Indonesia will only be able to supply for the next 2 months. Currently, there are no factories in Indonesia that can produce off-road radial tires.