by Yohanes Obor | Jan 8, 2015 | Energy, News, Resources
JAKARTA (Yosefardi) – Coordinating minister for economy Sofyan Djalil said the government will cut back subsidized fuel price to adjust the current oil price. Now crude oil price is traded at below US$48 per barrel. The government will adjust the domestic fuel...
by Editor | Jan 2, 2015 | Featured, News, Resources
Cooper Energy Limited revealed that Bunian-3, an oil development well, spudded in the Sukananti field, South Sumatra, Indonesia on Wednesday (Dec 31). Bunian-3 is an onshore vertical well with a projected total depth of 1682 meters, which requires about 28 days to...
by Yohanes Obor | Dec 30, 2014 | Energy, News, Resources
SINGAPORE (Yosefardi) – KrisEnergy Ltd., an independent upstream oil and gas company, said the Government of Indonesia has approved the plan of development (POD) for the Lengo gas field in the Bulu production sharing contract (PSC) offshore East Java. Approval...
by Yohanes Obor | Dec 30, 2014 | Agriculture, News, Resources
JAKARTA (Yosefardi) – PT BW Plantation Tbk (BWPT) booked net profit of Rp159 billion in first nine months of 2014, jumped 54% from Rp103 billion in the corresponding period of 2013. Net sales rose 30% to Rp1.02 trillion from previous Rp786 billion. Crude palm...
by Yohanes Obor | Dec 29, 2014 | Energy, News, Resources
JAKARTA (Yosefardi) – Coal producer PT Berau Coal Energy Tbk (BRAU) will focus on cost efficiency next year. It will renegotiate with mining contractors, renegotiate the fuel purchase, and reduce the vehicles usage. For the first nine months of 2014,...
by Yohanes Obor | Dec 24, 2014 | Energy, News, Resources
JAKARTA (Yosefardi) – New chief executive officer (CEO) of state electricity firm PT Perusahaan Listrik Negara (PLN), Sofyan Basir, will focus on cost efficiency for PLN as its loan to equity ratio has surpassed 250%. As at September 2014, PLN’s liability...
