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Oil-and-gas-production

Business 5 years ago

A hunt for any storage space turns urgent as oil glut grows

Hundreds of millions of barrels of crude have gushed into storage worldwide in the past two months as the coronavirus-related lockdowns wiped out around a third of global oil demand.

Business 5 years ago

After fire, Gundih gas well in East Java set to resume operations on Sunday

The Gundih gas well in Central Java was shut down on April 9 shortly after the thermal oxidizer unit burst into a column of fire at around 9:30 a.m. that day.

Business 5 years ago

Why has OPEC-led deal failed to energize oil prices?

Global oil traders have shrugged off Sunday's historic output-cutting deal by OPEC and its allies, with prices languishing not far from recent two-decade lows.

Business 5 years ago

Currencies slip as OPEC+ output cuts provide little cheer

The greenback drifted higher against its Australian and New Zealand counterparts, which are seen as risk sentiment barometers, in a sign investors remain concerned about the global demand for commodities.

Opinion 5 years ago

Oil output cuts inevitable, but at what price?

Oil is witnessing an unprecedented, simultaneous demand and supply shock that has the potential to send prices further down, as the world runs out of space to store supplies coming to a market that has seen demand crash due to the COVID-19 pandemic.

Business 5 years ago

Pertamina to go ahead with higher oil production plan despite oil price crash

Crude prices fell about 30 percent on March 9 after the world’s largest oil exporting country, Saudi Arabia, slashed selling prices and set plans to increase crude production next month

Business 6 years ago

Oil prices extend losses on price war, virus fallout

US benchmark West Texas Intermediate (WTI) briefly fell below $30 a barrel, or 5.5 percent, in morning Asian trade before regaining its footing.

Opinion 6 years ago

PREMIUM
Cost recovery or gross split in oil, gas contracts?

The good intention to boost investment in the oil and gas industry should be appreciated by all stakeholders. However, I beg to differ.

Opinion 6 years ago

PREMIUM
Proper LNG import policy could stimulate gas industry

Many countries around the world are successful without the benefit of the natural resource base Indonesia holds. The Indonesian economy has transitioned from one of a net crude oil exporter to a net crude oil importer. Yes, painful at times, but the economy has adjusted and grown.

Business 6 years ago

Pertamina to kick off gas, oil exploration in Thousand Islands in March

Upstream oil and gas company PT Pertamina Hulu Energi (PHE) Offshore Southeast Sumatra (OSES) plans to start oil and gas exploration in the Thousand Islands, north of Jakarta’s coast, next month.

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Oil-and-gas-production

A hunt for any storage space turns urgent as oil glut grows

After fire, Gundih gas well in East Java set to resume operations on Sunday

Why has OPEC-led deal failed to energize oil prices?

Currencies slip as OPEC+ output cuts provide little cheer

Oil output cuts inevitable, but at what price?

Pertamina to go ahead with higher oil production plan despite oil price crash

Oil prices extend losses on price war, virus fallout

PREMIUM Cost recovery or gross split in oil, gas contracts?

PREMIUM Proper LNG import policy could stimulate gas industry

Pertamina to kick off gas, oil exploration in Thousand Islands in March

follow our Social media

Your Opinion Matters

Thank You

PREMIUM
Cost recovery or gross split in oil, gas contracts?

PREMIUM
Proper LNG import policy could stimulate gas industry