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View all search resultsPT Nations Petroleum, an oil and gas company under the Arsari Group, owned by Hashim Djojohadikusumo, the younger brother of President Prabowo Subianto, secured the Natuna D-Alpha working area through the direct offer mechanism.
The energy ministry's Geological Agency has proposed that two potential rare earth reserves in West Sulawesi's Mamuju regency be designated as new mine operating permit areas (WIUPs) amid the government's push to develop the rare earth downstream industry.
Some energy companies are hunting for undiscovered oil and gas to seize the opportunity of surging prices, but experts say soaring costs — driven ironically by high energy prices — pose a challenge to boosting exploration.
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