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...
by Yohanes Obor | Dec 1, 2015 | Energy, News, Resources
JAKARTA (Yosefardi) – PT Elnusa Tbk (ELSA), oil and gas supporting services company, expects to book net profit of Rp325 billion this year with net profit margin growing 15%. The company has gained US$86 million seismic project for 2 years period which serves higher...
by Yohanes Obor | Dec 1, 2015 | Energy, News, Resources
VANCOUVER (Yosefardi) – Mitra Energy Inc. made a good progress on farmout following seismic survey Bone PSC in Indonesia. Processing of 1,200 line kilometres of 2D seismic data is complete, revealing a number of drilling targets in shallow water on trend with...
