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Business 5 years ago
Explainer: Delay, exiting operator, what is happening to Indonesia’s strategic gas projects?
The projects are the Abadi field in gas-rich Masela Block, near Maluku; Indonesia Deepwater Development (IDD) in the Makassar strait, near Sulawesi; Tangguh Train 3 in West Papua; and Jambaran Tiung Biru (JBT) in East Java. The combined value of the four projects is an estimated US$37.21 billion.
Business 5 years ago
Chevron's interest in giant gas field led to $5 billion bid for Noble Energy
Chevron Corp’s US$5 billion offer to acquire Noble Energy emerged after the US oil major first proposed taking a stake of at least 50 percent in Noble’s Eastern Mediterranean natural-gas fields, a proxy filing on Tuesday showed.
Business 5 years ago
Oil giants' production cuts come to 1 million bpd as they post massive writedowns
The world’s five largest oil companies collectively cut the value of their assets by nearly US$50 billion in the second quarter, and slashed production rates as the coronavirus pandemic caused a drastic fall in fuel prices and demand.
Business 6 years ago
PREMIUM
Pertamina signs Rokan contract, paves way for transition
Pertamina has become the official operator of the Rokan Block in Riau, allowing the state energy holding company to put the necessary investment into maintaining output after signing a new production sharing contract (PSC) with the government recently.
