Author: Ferdi Hasiman

Barry Callebaut Agrees to Acquire Petra Foods’ Asset

Posted by | April 27, 2013 | , , | 0 |

ZURICH (Indonesia Today) – Barry Callebaut agreed to acquire the Cocoa Ingredients Division from Petra Foods Ltd., Singapore. For the purpose of partly financing this acquisition, Barry Callebaut’s Board of Directors called for an EGM today, the shareholders agreed to the creation of authorized share capital of a maximum nominal amount of CHF 9,300,000 by issuing a maximum of 500,000 fully paid-up registered shares with a value of CHF 18.60. The Board of Directors can execute the respective capital increase until April 22, 2015 either by way of a rights issue or a private placement through an Accelerated Bookbuilding. Zurich-based Barry Callebaut is the world’s leading manufacturer of high-quality cocoa and chocolate – from the cocoa bean to the finest chocolate product. Barry Callebaut operates out of 30 countries, runs more than 45 production facilities and employs a diverse and dedicated workforce of about 6,000 people....

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SKK Migas Signs MoU with BPN

Posted by | April 26, 2013 | , , | 0 |

JAKARTA (Indonesia Today) – The Oil and Gas Executive Task Force (SKK Migas) has signed Memorandum of Understanding (MOU) with the National Land Agency (BPN) to speed up the certificate process and handle problems of land assets in oil and gas upstream sector. The MoU was signed by SKK Migas’ head Rudi Rubiandini and BPN’s head Hendarman Supandji in Jakarta, Friday (April 26). The MoU aims to provide legal certainty by giving priority to the Ministry on the implementation of certificate and handling problems of land managed by SKK Migas. The upstream oil and gas industry is a strategic activity for the national interest. BPN will conduct training, monitoring, an evaluation, and other actions in order to implement this MoU....

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Soeryadjaja’s Interra Reports Stabilised Flow Rate in Tanjung Miring

Posted by | April 24, 2013 | , , | 0 |

SINGAPORE (Indonesia Today) – Interra Resources Ltd, a company controlled by Edwin Soeryadjaja, through its wholly owned subsidiary, Goldwater TMT Pte. Ltd. (GTMT) has achieved a stabilised flow rate following production testing in Tanjung Miring Timur (TMT) field in South Sumatra. GTMT has 100% working interest in the Technical Assistance Contract of the TMT field and TMT-53 was drilled using an externally contracted rig. Following unrestricted initial flow rates in excess of 1,400 barrels of oil per day (bopd), the Company has endeavoured to optimise the flow rates whereby formation flowing pressure would be maintained and the chance of any potential water break-through be minimised. Following the implementation of the optimisation tests, TMT-53 has consistently produced at controlled flow rates of between 900 and 1,100 bopd over the past fourteen days....

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Chevron Q1 Earnings $6.2 Billion

Posted by | April 22, 2013 | , , | 0 |

USA (Indonesia Today) – Chevron Corporation reported earnings of US$6.2 billion for the first quarter (Q1), 2013, compared with US$6.5 billion in the same period of 2012 . Sales and other operating revenue were US$54 billion, down from US$59 billion in the year ago period, mainly due to lower prices for crude oil. In the upstream, worldwide equivalent production was 2.65 million barrels per day in the first quarter 2013, up from 2.63 million barrels per day in the 2012 . production increase from project rump ups. The companies average sales prices per barrels of crude oil and natural gas liquid was $94 in the first quarter 2013, down from $102 a year ago. Net oil equivalent production of 664.000 barrels of oil per day in the first quarter 2013 increase 13.000 barrels per day or 2% from a year early. Capital and exploratory expenditure in the first month 2013 were US$8.9 billion, compared with US$6.4 billion from period before. The amount includes approximately US$453 million in 2013 and US$361 million in...

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Pertamina Signs HoA with PLN

Posted by | January 21, 2013 | , , | 0 |

Under the agreement, Pertamina and PLN has agreed the LNG regasification services for PLN’s gas stations in Aceh and Medan. The power stations are excepted to operate by mid of next year. The regasification facilities will be built by harnessing and developing LNG refinery facilities on LNG Regasification Terminal and Storage. The development of facilities was in line with the end of contract for Tangguh LNG in 2014, the decrease in gas supply to industries in the region of Aceh, and the absence of a prospective gas source around Arun....

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