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View all search resultsReuter’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.
State-owned energy holding company Pertamina lowered the prices of its subsidized and non-subsidized gasoline by up to Rp 800 (6 US cents) per liter on Sunday, a move some consider political ahead of the presidential election in April.
Oil and gas giants Inpex and Royal Dutch Shell have kicked off the preliminary front-end engineering design (pre-FEED) for the development of an onshore liquefied natural gas (LNG) plant at the Masela block in Arafura Sea, which is expected to go on stream by 2027.
The government has set a target for Japan-based Inpex and Dutch Shell to conduct a preliminary front-end engineering design (pre-FEED) for the development of the gas-rich Masela block in the Arafura Sea in January and to complete it by April at the latest.
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