Foreign exchange earnings are important assets for a national economy. Therefore, many nations have recently been taking a much more protectionist approach vis-à-vis trade in an effort to strengthen their trade positions, generate trade surpluses, hence see the inflow of … Continue reading →
President Joko “Jokowi” Widodo has decided on the fate of Indonesia’s largest deepwater gas project Masela after months of polemic, by approving an onshore development scheme in Maluku province. Given the scale and complexity of the long-term project, the government … Continue reading →
Indonesian state-owned oil and natural gas corporation PT Pertamina (Persero) stated its readiness to build 150 gas stations worth Rp1.5 trillion, or about US$125.5 million, in Java by 2015. Director of Marketing and Trading Hanung Budya said here on Wednesday … Continue reading →
President Susilo Bambang Yudhoyono has officially appointed Coordinating Economic Minister Chairul Tanjung as Acting Minister of Energy and Mineral Resources replacing Jero Wacik, who had been named a suspect on an alleged extortion case. Head of Public Communication of … Continue reading →
The government has promised additional incentives for investors who wish to develop deep sea oil and gas projects. Evita Herawati Legowo, Oil and Gas director-general of the Energy and Mineral Resource Ministry, said the incentive offered is, among others, in … Continue reading →
Eni, through its subsidiary Eni Indonesia, has been awarded today two new Production Sharing Contracts (PSCs) in Indonesia. In the West Papua Province (East Indonesia), Eni has been awarded 100% interest in the Arguni I PSC (5,386 sq. km), located … Continue reading →
September 24, 2011 Media Indonesia After 100 years exploring oil & gas in Western Indonesia, now it is the time for the government to focus on the Eastern Indonesia. The upstream oil & gas sector is shifting its paradigm with … Continue reading →