#Oil and Gas
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.
Indonesia still dependent on fuel imports from Singapore: Bahlil
Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia says it is ironic for Indonesia to continuously import 54 percent of its fuel oil from Singapore while considering that the neighboring country is not an oil producer.
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.
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.
CERI to sue oil&gas stakeholders violating TKDN regulations
Executive Director of the Center of Energy and Resources Indonesia (CERI), Yusri Usman, mulls oversuing oil and gas stakeholders for alleged violation ofregulations regarding the Local Contents (TKDN) obligations.
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.
Aspermigas encourages collaboration to eradicate illegal oil drilling
The Association of Indonesian Oil and Gas Companies (Aspermigas) assesses that the energy self-sufficiency target set by President Prabowo Subianto will be difficult to achieve if illegal drilling is still rampant.
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.