by Yohanes Obor | Dec 11, 2015 | Energy, News, Resources
JAKARTA (Yosefardi) – State oil and gas firm PT Pertamina allocates Rp340.8 trillion or US$30 billion for investment in crude oil production until 2025. Currently, Pertamina only produces 24% of total national crude oil production. The upstream oil and gas...
by Yohanes Obor | Dec 7, 2015 | Agriculture, News, Resources
PARIS (Yosefardi) – Economic losses from the impacts of climate change in Southeast Asia could be 60% higher than previously estimated, reducing the region’s gross domestic product (GDP) by up to 11% by 2100, according to a new Asian Development Bank (ADB)...
by Yohanes Obor | Dec 7, 2015 | Energy, News, Resources
SINGAPORE (Yosefardi) – KrisEnergy Ltd, an independent upstream oil and gas company, said the KS Java Star jack-up rig has commenced drilling of the Mustika-1 exploration well in the KrisEnergy-operated Sakti production sharing contract (PSC). Drilling is...
by Yohanes Obor | Dec 7, 2015 | Energy, News, Resources
JAKARTA (Yosefardi) – PT PP Tbk (PTPP) plans to set up new subsidiary, PT PP Energi, engaging in electricity business. PTPP will inject Rp1.5 trillion to PP Energi which will have assets of Rp400-600 billion. Currently, PTPP’s power plant capacity reaches...
by Yohanes Obor | Dec 7, 2015 | Energy, News, Resources
MANILA (Yosefardi) – The Asian Development Bank (ADB) has approved assistance of $600 million for Indonesia’s state electricity corporation, Perusahaan Listrik Negara (PLN), to carry out major power transmission and distribution system upgrades in Sumatra. The...
by Yohanes Obor | Dec 4, 2015 | Energy, News, Resources
JAKARTA (Yosefardi) – Average price of Indonesian crude oil (ICP) in November 2015 was US$41.44 per barrel, declined from US$43.68 in previous month. The decline was in line with declining crude oil price in international market due to expectation of commercial crude...
