#International
Revision of Ande-Ande Lumut oil field development plan approved
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) along with Contractor Cooperation Contract (KKKS) Prima Energy Northwest Natuna Pte. Ltd. (PENN) has concluded discussions on the revision of the plan of development (PoD) I for the Ande-Ande Lumut (AAL) oil field. The revised PoD has been approved by Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif on March 5, 2024.
Vale to soon obtain 20-year contract extension
The process of issuing a special mining business license (IUPK) for PT Vale Indonesia (INCO) is nearing completion. The document for the 20-year contract extension will be processed by the Ministry of Investment.
Prabowo meets Chinese premier, defense minister at end of visit to China
Indonesian Defense Minister Prabowo Subianto separately met with Chinese Prime Minister Li Qiang and Defense Minister Admiral Dong Jun in Beijing at the end of his visit to China on Tuesday, April 2, 2024.
Prabowo discusses strengthening strategic partnership with President Xi Jinping
Indonesian Defense Minister Prabowo Subianto discussed measures to strengthen Indonesian-China bilateral strategic partnership during a meeting with Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, on Monday, April 1, 2024.
Fincantieri, Indonesian defense ministry forge €1.18 billion deal for naval vessels
Italian shipbuilding company, Fincantieri, has joined forces with the Indonesian Ministry of Defense in a groundbreaking agreement worth €1.18 billion for the procurement of two cutting-edge PPA Units.
Pertamina secures oil block contract extension in Venezuela
PT Pertamina Hulu Energi (PHE) has secured a landmark contract extension for the Urdaneta West Field Block in Venezuela, underscoring the company's long-term commitment to the region's energy sector.
PLN pioneers LNG infrastructure development in Nusa Tenggara
PT PLN Energi Primer Indonesia (PLN EPI) has embarked on a transformative journey aimed at revolutionizing Indonesia's energy landscape through the development of midstream liquefied natural gas (LNG) infrastructure in the Nusa Tenggara region.
Tsingshan Group to build battery factory in Weda Bay
Tsingshan Holding Group Co.'s business unit, the world's top nickel producer, plans to build a battery factory in Indonesia as part of China's latest investment efforts to boost the Southeast Asian country's economy by downstreaming raw commodities.
Indonesia, U.S.agree on clean energy cooperation
The Indonesian government, through the Ministry of Energy and Mineral Resources (ESDM), and the United States have signed a Memorandum of Understanding (MoU) on Clean Energy Working Group Indonesia-US.
JETRO Survey: Japanese companies in Indonesia interested in expansion
Jakarta - A survey by Japan External Trade Organization (JETRO) has revealed that about half of Japanese companies operating in Indonesia are aiming for expanding their businesses following positive business trend in the last few years.
PetroChina to energize Jabung block with cost recovery contract extension
Oil and gas company PetroChina International Jabung Ltd. positively sees the extension of the Jabung Working Area (WK) contract until 2043, utilizing the cost recovery contract scheme.