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View all search resultsupstream-sector
Business 6 years ago
PREMIUM
With Deepwater Horizon expertise on board, Pertamina looks to stop oil leak at all costs
Pertamina upstream director Dharmawan Samsu said the company would need at least until the end of September to fix the leak that began two weeks ago, with efforts to close the leak still ongoing.
Business 7 years ago
Pertamina allocates US$2.5b for upstream investment in 2019
State energy holding company Pertamina will allocate at least US$2.5 billion to develop its upstream sector next year, a roughly 8 percent increase from this year’s investment target of $2.3 billion, a company official has said.
Business 7 years ago
Upstream revenue projection set at US$15.2b in 2019
The House of Representatives' budget committee on Wednesday approved oil and gas upstream revenue at US$15.2 billion in 2019, the figure proposed by the government, which is 27 percent higher than last year’s realization at $11.9 billion.
Business 7 years ago
Oil, gas upstream investment recorded at $3.7b as of May
The Upstream Oil and Gas Regulatory Special Task Force (SKKMigas) announced that the realization of the oil and gas upstream business only reached US$3.7 billion as of May or 26 percent from the $14.2 billion targeted in the 2018 state budget.
Business 8 years ago
Businesses welcome one-stop audit policy in upstream oil, gas sector
Oil and gas players have welcomed the government’s decision to simplify the audit of upstream oil and gas activities under the cost-recovery scheme, saying that it will lead to higher efficiency and subsequently improve the business climate.
