#Oil and Gas
Pertamina launches oil & gas exploration in Natuna to strengthen energy security
Pertamina East Natuna, a subsidiary of Pertamina’s upstream oil and gas division, has commenced exploration in the North Natuna Sea as part of efforts to increase Indonesia’s domestic hydrocarbon reserves.
PGN anticipates profit margin impact from extended gas price policy in 2025
State-owned gas distributor PT Perusahaan Gas Negara (PGN) has revealed the impact of the extension of the Specific Natural Gas Price (HGBT) program in 2025.
Indonesia accelerates oil production, refinery expansion to boost energy security
The government is determined to increase national oil production and construct refineries with a total capacity of one million barrels per day amidst the downward trend in oil and gas lifting in recent years.
Oil an gas takes priority in Danantara program: ESDM Ministry
The Ministry of Energy and Mineral Resources (ESDM) said that the main investment priority of the Nusantara Energy Management Agency (BPI Danantara) is projects related to oil and gas (migas).
Indonesia to build US$12.5 billion oil refinery to boost energy security, cut imports
The Ministry of Energy and Mineral Resources (ESDM) has announced plans to build a new oil refinery as part of the national energy downstreaming strategy, with potential funding from the Daya Anagata Nusantara Investment Management Agency (Danantara) worth US$12.5 billion (Rp203.87 trillion).
ESDM ministry seeks new executor for WNTS gas pipeline project to Pemping Island
The Ministry of Energy and Mineral Resources (ESDM) is seeking a new company to replace State gas diribution company PT Perusahaan Gas Negara (PGN) as the executor of the West Natuna Transportation System (WNTS) gas pipeline construction project to Pemping Island, Riau Islands province.
ExxonMobil supports Indonesia’s CCS development program, target
U.S. oil and gas company has expressed its support for Indonesia’s Carbon Capture and Storage (CCS) development program and target, actively working with the Indonesian government and state-owned oil company PT Pertamina to establish CCS infrastructure in key industrial zones that will help position Indonesia as a regional hub for carbon storage.
INPEX targets FID for Abadi Masela LNG project completed by 2027
Japanese oil and gas exploration company INPEX Corp is striving to have the final investment decision (FID) for the Abadi Masela Field project signed by 2027 as part of its operational target to expand the Liquefied Natural Gas (LNG) supply.
PHE announces largest exploration discovery in 15 years, a boost in nat’l energy security
PT Pertamina Hulu Energi (PHE), Upstream oil and gas subholding of State energy company PT Pertamina, discovered 652 million barrels of oil equivalent (MMBOE) in 2024, the largest exploration reserve discovery in the last 15 years.
Director General of Oil and Gas suspended amid corruption investigation
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia has suspended Director General of Oil and Gas, Achmad Muchtasyar, as of today, February 11, 2025, following a raid by investigators of the Attorney General's Office at the Oil&Gas Directorate General over alleged corruption in the management of crude oil and refinery products.
Oil&gas directorate general office searched over graft allegation
Investigators at the Office of Junior Attorney General for Special Crimes (Jampidsus) conducted a search at the Office of the Directorate General of Oil and Gas at the Ministry of Energy and Mineral Resources (ESDM) over alleged corruption in the management of crude oil and refinery products at State oil company PT Pertamina, Sub-holding, and Oil and Gas Contractors (KKKS) for the 2018-2023 period.
Government to set up “Supervisory Body” for 3-kg LPG distribution
The government is planning to establish a supervisory body for 3-kg liquefied petroleum gas (LPG) distribution − similar to the current fuel monitoring system − aimed at ensuring better distribution and price control of subsidized LPG.