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Indonesia to save $200m by cutting marine fuel oil imports
Business 7 years ago

Indonesia to save $200m by cutting marine fuel oil imports

The government has estimated the country will save US$200 million a year by cutting marine fuel oil (MFO) imports after four private companies agreed to purchase the commodity from state-owned oil and gas holding company Pertamina, instead of importing it.
Restricted space and volatile prices trouble Pertamina
Business 7 years ago

Restricted space and volatile prices trouble Pertamina

Limited working areas and unstable oil prices are among the challenges that state energy holding company Pertamina has to face this year to maintain its oil and gas production.
Six more oil, gas blocks to convert to gross split scheme
Business 7 years ago

Six more oil, gas blocks to convert to gross split scheme

The Energy and Mineral Resources Ministry has said six operators of oil and gas blocks will amend their production sharing contracts (PSC) from cost-recovery to gross-split schemes.
Medco to continue operations in Rimau under gross split
Business 7 years ago

Medco to continue operations in Rimau under gross split

The government announced on Thursday that energy company PT Medco E&P Rimau would extend the operation contract of the Rimau Block in South Sumatra until 2043 under the gross split scheme.
Government starts discussing 'Premium' fuel price formula
Business 7 years ago

Government starts discussing 'Premium' fuel price formula

The government has started its first meeting with state-owned energy holding company Pertamina to discuss a formula that will determine the price of Premium, Indonesia’s subsidized and cheapest type of gasoline.
PLN signs power purchase deal for hydropower plant in Jambi
Business 7 years ago

PLN signs power purchase deal for hydropower plant in Jambi

State electricity firm PLN inked on Thursday an agreement to purchase electricity from the 350-megawatt (MW) Merangin hydro power plant in Jambi, set to operate in 2025.
MOMS helps miners report activities accurately: Arcandra
Business 7 years ago

MOMS helps miners report activities accurately: Arcandra

The government has said that nearly all coal and mineral companies have made regular reports of their activities through an app known as the Minerba Online Monitoring System (MOMS) in a platform launched on Nov. 2.
PJB-Masdar solar park project delayed over 'legal matters'
Business 7 years ago

PJB-Masdar solar park project delayed over 'legal matters'

The development of the Cirata floating photovoltaic (PV) power station in West Java has been postponed until next year, as the stakeholders are still evaluating the legality of the project.
Second Sulawesi wind farm project near completion
Business 7 years ago

Second Sulawesi wind farm project near completion

Following the inauguration of the 100-hectare Sidrap Wind Farm in Sindereng Rappang regency, South Sulawesi, a second wind farm in the province's Jeneponto regency is 97 percent complete.
Four Indonesian oil and gas blocks up for auction
Business 7 years ago

Four Indonesian oil and gas blocks up for auction

The government has put four exploration blocks up for auction, marking its third effort this year, in a bid to push up oil and gas production in the country.
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