by Yohanes Obor | Aug 14, 2015 | Energy, News, Resources
SINGAPORE (Yosefardi) – KrisEnergy Ltd., an independent upstream oil and gas company, posted revenues decline of 47.0% in the first six months 2015 (1H2015) from a year earlier, due to volatility in global oil markets. EBITDAX, the globally accepted benchmark of...
by Yohanes Obor | Aug 14, 2015 | Energy, News, Resources
SINGAPORE (Yosefardi) – SGX-listed Interra Resources Limited, controlled by Edwin Soeryadjaya and Sandiaga Uno, booked net loss after tax US$7.54 million for the second quarter ended June 2015, widened from loss of US$3.23 million in the previous quarter. This was...
by Yohanes Obor | Aug 12, 2015 | Energy, Featured, News, Resources
JAKARTA (Yosefardi) – State electricity firm PT Perusahaan Listrik Negara (PLN) is set to add 40 power plants units in Kalimantan with total capacity of 2852 megawatts (MW) which costs US$4 billion. PLN will invite partners to involve in the project under the...
by Yohanes Obor | Aug 7, 2015 | Energy, News, Resources
HONG KONG (Yosefardi) – Mirach Energy Limited plans to reopen up to 29 old wells in Kampung Minyak (KM) oil field in 2015. Some of the old wells will only involve simple reactivation work, while others may require workover. As at 30 June 2015, a total of 15...
by Yohanes Obor | Aug 6, 2015 | Featured, Mining, News, Resources
PHOENIX (Yosefardi) – Freeport-McMoRan Inc. opted to cut its capital expenditure (capex) and review its mining operation in response to current oil and gas market conditions. Capex for 2016 and 2017 is revised down to $2 billion each from initial plan of $2.9...
by Yohanes Obor | Aug 6, 2015 | Energy, News, Resources
JAKARTA (Yosefardi) – State coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) allocates US$2.1 billion for investment until 2017, to fund the coal expansion and power plant project. The company sets capital expenditure (capex) of US$500-600 million for...
