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Companies 3 years ago
PREMIUM
Pertamina, Petronas secure Shell’s Masela stake for $650m
State-owned oil and gas giant Pertamina and Malaysia’s Petronas have officially acquired Shell’s 35 percent participating interest in the Masela oil and gas block in Maluku, which also includes the Abadi gas project, for US$650 million.
Companies 4 years ago
PREMIUM
Pertamina should ‘think twice’ about buying Shell’s Masela Block stake
The government is considering having Pertamina buy Shell’s 35 percent stake in the Abadi liquefied natural gas (LNG) project in the Masela Block, but experts say financial constraints in dealing with multiple giant projects may make that a difficult prospect for the state-owned company.
Environment 6 years ago
Crude oil suspected to be from Pertamina operation contaminates Thousand Islands... again
Pari Island Care Forum (FP3) chairman Mustahgfirin said the oil waste had polluted 2 kilometers of the southern coast of the island. If collected, he said, the waste could reach 50 tons.
Business 6 years ago
Indonesia projects lower oil and gas production amid low investment
The Energy and Mineral Resources Ministry expects the oil and gas industry to raise $127.3 billion in investments this year, which is lower than last year’s target of $159.8 billion and of which only 72 percent was realized.
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