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View all search resultsoil-and-gas-industry
Editorial 6 years ago
Oil, gas exploration counts
Consistently, low oil prices have forced oil companies to be extremely selective regarding the sites for exploration. An efficient bureaucracy is crucial especially in the oil industry, because the time lag between discovery and production is often 15 years.
Opinion 6 years ago
OPEC, truce may give oil the lift it needs
Oil markets are primed for a rally in the second half of this year after an easing of international trade tensions and extended production cuts by the Organization of the Petroleum Exporting Countries (OPEC) brightened the outlook for balances.
Editorial 6 years ago
Giant gas project uncertain
Reuter’s report on Royal Dutch Shell’s plan to quit the US$15 billion Masela Block development, though flatly denied by the oil regulatory body and not yet confirmed by the giant energy company, only made the long-delayed giant gas project in the eastern region even more uncertain.
Opinion 7 years ago
What has changed for oil and gas exploration?
A recent headline in The Jakarta Post read: “Giant gas discovery wipes out doubts on exploration”.This was based on a joint venture gas discovery by the Spanish company Repsol and its partners Petronas from Malaysia and Japan’s Mitsui Oil, which claim they have found the largest gas reserve in almost two decades, which is located in the Sakakemang Block, South Sumatra.
Business 7 years ago
New formula creates healthier competition in retail fuel business: Official
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.
