Pertamina plans to construct a 1-MW solar panel at Badak NGL in Bontang, Kalimantan. The solar energy investment is expected to reach some US$1.4 million or equivalent to Rp18.2 billion. “By the end of next year we expect the project to … Continue reading →
Indonesia’s revisions to new oil and gas production-sharing contracts are positive for investors, the leading energy industry association said, amid waning interest in energy exploration and declining oil output from the former OPEC member. The archipelago overhauled its oil and … Continue reading →
The government has targeted to bring in Rp 10 trillion (US$749.63 million) in non-state investments for three infrastructure projects – energy, airport and toll road – in the third quarter of 2017. “It is a solution to overcome the limited funds … Continue reading →
The government and PT Freeport Indonesia are entering the final phase of brain racking negotiations to iron out dispute over the contract of the U.S. company in the country. The subsidiary of the U.S. mining giant Freeport-McMoRan Copper & Gold … Continue reading →
United States oil producer ExxonMobil has set a price of US$121 million for state-owned energy giant Pertamina to acquire its 45 percent participating interest in the Jambaran-Tiung Biru (JTB) field in Central Java. At present, the JTB field is jointly … Continue reading →