Author: Ferdi Hasiman

Kingsrose to Resume Sumatra Gold Mine Operation

Posted by | January 2, 2012 | , | 0 |

SYDNEY (Indonesia Today) – Following discussions with Indonesian mining authorities, Kingsrose Mining Ltd expects to resume operations at its second mine, Talang Santo, in the near term. “The management expects the suspension of operations at Talang Santo to be short term in nature and will not materially change the company’s plan for the mine,” Kingsrose said. Talang Santo mine was suspended following a fatal accident, where one worker was killed. “Kingsrose remains confident that the outlook for Talang Santo is positive, with strong potential to continue growing both production and resources,” Kingsrose continued. The company said operations are continuing as planned at the Way Linggo mine, where Kingsrose has 85% interest. Way Linggo produces high-grade gold and silver....

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SKK Migas Signs MoU with BPN

Posted by | January 1, 1970 | , , | 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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Chevron Q1 Earnings $6.2 Billion

Posted by | January 1, 1970 | , | 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 bröllopsklänningar. 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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