#Oil and Gas
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.
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.
GAPKI asks expanded oil palm oil plantations to meet B50-B100 mandate by 2045
The Indonesian Palm Oil Association (GAPKI) says that Indonesia needs to have extended oil palm plantations to meet the needs of the mandatory program of mixing fuel oil (BBM) and biofuel (BBN) by 50 percent or B50 up to B100.
Indonesia set to build new petroleum storage facility, boost energy reserves
The government has planned to increase national energy buffer reserves from 21 days to 51 days by establishing a petroleum storage facility on Nipa Island, Riau Islands.
Government may revoke Masela Block concession after 26 years of uncertainty
Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, says that the government may revoke the Masela Block gas concession held by INPEX Corporation since no progress has been made ever since the concession was issued 26 years ago.
Pertamina unveils dual growth strategy for energy independence, low-carbon future
State energy company PT Pertamina, through its Long-Term Company Plan until 2029, will develop its business with a dual growth strategy to maximize its oil&gas output and develop renewable energy.
PHR discovers oil and gas potential in South Sumatra
PT Pertamina Hulu Rokan (PHR) through the drilling of the Rotan River Downloack-1 exploration well in the PHE Jambi Merang working area (WK) in South Sumatra found oil and gas resources from the Baturaja Formation Limestone.
Bahlil pushes for accelerated completion of Balikpapan RDMP expansion by July 2025
Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, met with top executives of State energy company PT Pertamina, requesting the Balikpapan Refinery Development Master Plan (RDMP) project to be operational in July 2025.
Indonesia explores oil imports from Russia following BRICS membership
Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, has opened up the possibility for Indonesia to buy oil from Russia after Indonesia officially became a member of BRICS, an intergovernmental organization focusing on economic cooperation and development.
PGE and Chevron sign agreement to manage and operate Way Ratai geothermal work area
The Chevron New Energies Consortium, represented by PT Jasa Daya Chevron (Chevron) and PT Pertamina Geothermal Energy Tbk, has signed multiple agreements that will serve as the foundation for the establishment of a new local business entity and the allocation of exploration commitment funds into a shared account.