TheJakartaPost
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United States President Donald Trump's administration on Tuesday announced three projects valued at US$36 billion to be financed by Japan, including an oil export facility in Texas, an industrial diamonds plant in Georgia and a natural gas power plant in Ohio.
The energy minister has taken an "all stick, no carrot" strategy to pressure firms into start pumping oil and gas from stalled projects, threatening hundreds of wells with the prospect of losing their permits.
Investigators are closing in on oil tycoon Riza Chalid following Interpol’s red notice issue for the arrest of one of Indonesia’s biggest oil magnates, marking an escalation in the high-profile corruption probe.
Mohammad Riza Chalid, 66, nicknamed the "gasoline godfather", is wanted in Indonesia for his alleged involvement in corruption at state-owned oil company Pertamina between 2018 and 2023, including for money laundering and manipulating a lease agreement.
The Indonesian oil industry has met its crude lifting target set in the 2025 state budget, marking the first time the country managed to do so in almost a decade, while gas output failed to meet the goal.
As part of the dramatic operation early on Satuday that knocked out electricity in parts of Caracas and included strikes on military installations, US Special Forces seized Maduro and his wife, Cilia Flores, and transported them via helicopter to a US Navy ship offshore before flying them to the US.
Pertamina made its first purchase of crude oil produced by a community-managed operation in Jambi, since a 2025 ministerial regulation was enacted to formalize previously illegal small-scale operators.
