#Oil and Gas
Bakrie Group’s Energi Mega Persada sets US$200 M expansion plan for 2026
Oil and Gas company PT Energi Mega Persada (EMP), a key energy subsidiary under the Bakrie Group, has unveiled an ambitious expansion strategy for 2026, centered on acquiring new oil and gas assets both in Indonesia and overseas.
RATU eyes new assets while relying on Cepu Block to sustain energy output, cash flow
Energy company PT Raharja Energi Cepu (RATU) is anticipating a possible decline in output from its core asset ‒ the Cepu Block ‒ but remains confident that production and revenue will stay robust through 2027–2028 amidst ongoing efforts to boost reserves and cash flow.
Upstream oil and gas industry steps up community engagement
The upstream oil and gas sector continues to wrestle with multiple hurdles, ranging from operational bottlenecks to social friction with Indigenous communities.
Chandra Asri secures US$750 M financing from KKR for Esso Singapore retail acquisition
Petrochemical company PT Chandra Asri Pacific (TPIA), together with global investment firm KKR, has announced a dedicated US$750 million (Rp12.53 trillion) financing solution to support the group’s growth strategy and its acquisition of Esso-branded fuel retail stations from ExxonMobil in Singapore.
Aspebindo calls for price changes, policy updates for Indonesia's energy goals
The Association of Indonesian Energy, Mineral, and Coal Suppliers (Aspebindo) has called for price adjustments and regulatory reforms to support coal producers and accelerate Indonesia’s energy transition amidst rising production costs, tight margins, and persistent infrastructure gaps.
Government to auction 75 oil and gas blocks by 2027 to boost exploration
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) says the government has plan to auction 75 oil and gas working areas over the next two years as part of the efforts to strengthen upstream exploration and secure future energy supplies.
Eni–Petronas joint venture to launch eight gas projects in Indonesia, Malaysia
Italian energy major Eni SpA and Malaysia’s Petronas are set to jointly launch eight new upstream gas projects across Indonesia and Malaysia within the next three years through their newly established joint venture, NewCo, in what the companies describe as a key step toward strengthening regional energy security and accelerating gas development.
Pertamina expected to take over Tuna oil&gas block after Harbour Energy’s exit
Head of the Upstream Oil and Gas Regulatory Task Force (SKK Migas), Djoko Siswanto, has expressed hope that State energy company Pertamina will take over the Tuna oil and gas block following the withdrawal of Harbour Energy.
ENI and Petronas form NewCo to manage oil and gas assets in Indonesia, Malaysia
Italian energy giant ENI SpA signed an agreement with Petronas on Monday, November 3, 2025 to establish a new joint venture company called NewCo that will oversee 19 upstream oil and gas assets owned by both companies − 14 in Indonesia and five in Malaysia.
Government highlights energy independence drive, eyes major boost in oil and gas
The government has reaffirmed its commitment to achieving energy independence as a cornerstone of national sovereignty during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2025, signaling renewed determination to attract global investment and technology to strengthen its upstream oil and gas sector.
Pertamina-Petronas sign farm-out agreement for Bobara deepwater block in West Papua
State energy company PT Pertamina Hulu Energi (PHE), through its affiliate PT Pertamina Hulu Energi Bobara, and Petroliam Nasional Berhad (Petronas), through its subsidiary PETRONAS E&P Bobara Sdn. Bhd., have signed a Farm-Out Agreement (FOA) for the Bobara Production Sharing Contract (PSC), located in the ultra-deepwater region off West Papua, Eastern Indonesia.
RAJA explores LNG project in Banten, eyes partnership with CDIA and Krakatau Steel
PT Rukun Raharja (RAJA), an affiliate of Happy Hapsoro − businessman and husband of House of Representatives (DPR) Speaker Puan Maharani − is exploring a liquefied natural gas (LNG) project in Banten, potentially along with PT Chandra Daya Investasi (CDIA) and PT Krakatau Steel.