Pertamina Awarded Gunung Lawu Geothermal Project
PT Pertamina Geothermal Energy (PGE) has won tender of geothermal project in Gunung Lawu with capacity of 165 megawatts (MW), offered by the Ministry of Energy and Minerals Resources (ESDM).
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Sumber Energi Andalan Profit $22.54 Million
JAKARTA (Yosefardi) – PT Sumber Energi Andalan Tbk (ITMA) booked net profit of US$22.54 million in 2015, declined 3.6% from US$23.39 million in 2014.
Read MoreExxon Mobil Earns $16.2 Billion in 2015
IRVING/TEXAS (Yosefardi) – Exxon Mobil Corporation Tuesday (Feb. 2) announced estimated 2015 earnings of $16.2 billion compared with $32.5 billion a year earlier.
Read MoreTotal to Supply LNG to Pertamina
PARIS (Yosefardi) – Total has signed long-term liquefied natural gas (LNG) sale and purchase agreements with state-owned Indonesian company Pertamina for the supply of LNG volumes increasing from 0.4 to 1 million tons per year over a period of 15 years beginning 2020.
Read MoreRaya Group Waiting PLN Approval on Sokoria Project
SYDNEY (Yosefardi) – Raya Group Limited currently is awaiting approval from state electricity firm PT Perusahaan Listrik Negara (PLN) on the transmission line study tariff proposal for Sokoria Geothermal project with negotiations still ongoing.
Read MoreNuEnergy to Focus on CBM Asset in Indonesia
SYDNEY (Yosefardi) – NuEnergy has in fourth quarter of 2015 concluded the acquisition of one if the most prospective Coal Bed Methane (CBM) assets in Indonesia, Tanjung Enim PSC from Dart Energy (Indonesia) Holdings Pte Ltd.
Read MoreChina Coal Expects to Suffer Loss RMB2,800 Million
HONG KONG (Yosefardi) – China Coal Energy Company Limited expects to suffer net loss attributable to shareholders of approximately RMB2,300 million to RMB2,800 million for the year ended 31 December 2015.
Read MoreWEF: Non-OECD Countries to Double Investments in Electricity
GENEVA (Yosefardi) – World Economic Forum (WEF) reported that industry estimates show non-OECD countries will have to double their investments in electricity by 2040 to keep pace with demand.
Read MoreABM Investama to Build Mini-hydro Power Plant
JAKARTA (Yosefardi) – PT ABM Investama Tbk (ABMM), through its unit PT Sumberdaya Sewatama, targets to build mini-hydro power plant with capacity of 50 megawatts (MW) within next 5 years.
Read MoreSinar Mas Targets Power Plant Project $1.65 Billion
JAKARTA (Yosefardi) – Sinar Mas Group targets to get power plant project with capacity of 1,100 megawatts (MW) with investment cost of US$1.3-1.65 billion.
Read MorePertamina to Seek $4.2 Billion Loan
JAKARTA (Yosefardi) – State oil and gas firm PT Pertamina plans to seek loan of up to US$4.2 billion for funding its capital expenditure (capex) next year, Investor Daily reported this morning. Pertamina allocates capex of...
Read MorePertamina Allocates Rp340.8 Trillion for Investment
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...
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