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View all search resultsAn Energy and Mineral Resources (ESDM) Ministry official said on Tuesday that the recent attack on oil facilities in Saudi Arabia would unlikely affect Indonesian oil supplies because the former's production remained sufficient to fulfill export commitments to the latter.
The Energy and Mineral Resources Ministry has approved United Kingdom-based oil giant BP’s proposal to export 84 cargo loads of liquefied natural gas (LNG) to Singapore from its Tangguh LNG project in West Papua starting next year.
Energy and Mineral Resources Ministry Oil and Gas Director General Djoko Siswanto has said the government’s decision to lower fuel prices is part of the implementation of a new fuel price formula that has been effective since Feb. 1.
The government claimed on Monday that it had managed to find more oil and gas reserves in 2018, expanding the reserve-replacement ratio to 105 percent as of December last year, 5 percent higher than the target of 100 percent.
The Energy and Mineral Resources Ministry's oil and gas director general said on Monday that the gas-rich Masela block’s operator, Japanese oil firm Inpex, had pledged to submit the block's development plan by next month.
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