Pertamina Company News

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NOC Spending Plans Clash with Paris Accord Targets
A US-based think-tank contends that billions in NOC projects will only be profitable if emissions targets are missed.
7:00 PM EST | February 08, 2021
Why Some Asian NOCs are Sticking to Spending Plans
Some Asian national oil companies are sticking to their spending plans despite the falls in price and demand.
8:00 PM EST | May 17, 2020
Halliburton Wins Indonesia Digital Contract
Indonesian state-owned oil and gas company Pertamina has awarded Halliburton Co. a multiyear digital transformation contract, Halliburton reported late Monday.
7:00 PM EST | February 25, 2020
Indonesia Confirms Pertamina CEO As State Firm Pressed To Curb Imports
Indonesia's government confirms Nicke Widyawati as the permanent chief executive of Pertamina.
8:00 PM EST | August 28, 2018
Pertamina Discontinues LNG Terminal Project, Seen As Unfeasible
Pertamina has decided not to go ahead with what would have been the country's second land-based receiving terminal.
8:00 PM EST | July 08, 2018
Bangladesh Signs Deal With Indonesia For LNG Imports
Bangladesh signs an agreement with Indonesia to open talks on imports of LNG.
7:00 PM EST | January 28, 2018
Pertamina Signs JV Deal With Russia's Rosneft For New Tuban Refinery
Pertamina Signs JV Deal With Russia's Rosneft For New Tuban Refinery
7:00 PM EST | November 27, 2017
Indonesia's Pertamina To Spend $700MM On Mahakam Oil, Gas Block Next Year
Pertamina plans to spend $700 million on the upkeep of its offshore Mahakam oil and gas block next year to maintain production.
8:00 PM EST | November 01, 2017
Pertamina: Indonesia To Become LNG Importer In 2020 As Population Grows
Indonesia is expected to become a net importer of liquefied natural gas in 2020 as its population grows.
8:00 PM EST | October 24, 2017
ExxonMobil Says Will Drop Discussions Over Indonesia's East Natuna
Difficulties with the field, first discovered in the 1970s, have included contract disputes and remoteness.
8:00 PM EST | July 17, 2017
Saudi Aramco Reaffirms Commitment to Pertamina JV as CEOs Meet
The Indonesia refinery upgrade will increase capacity to 400,000 from 348,000 barrels per day.
8:00 PM EST | July 06, 2017
Indonesia's Pertamina To Delay Some Refinery Projects Over Financing
Pertamina plans to delay some refinery upgrades and a new project, including ventures involving Rosneft and Saudi Aramco.
8:00 PM EST | June 05, 2017
New Pertamina Chief To Focus On Transparency, Energy Security
The new head of Indonesian state energy firm Pertamina said he would focus on improving transparency and communications at the country's biggest company.
8:00 PM EST | March 15, 2017
Aramco's Malaysia Deal Gives Saudis Upper Hand In Fight For Asia Oil Share
Top global oil exporter Saudi Arabia broke from the pack in the race to lock up Asian market share after agreeing on Tuesday to pump $7 billion into a refinery-petrochemical complex in Malaysia.
7:00 PM EST | February 27, 2017
Pertamina To Go Solo On Balongan Refinery
Pertamina will proceed with an upgrade of its Balongan refinery without a partner, company officials say.
7:00 PM EST | January 29, 2017
Indonesia's Pertamina Targets 42% Increase in 2017 Crude Output
Indonesia state oil firm Pertamina targets a 42-percent increase in crude oil production and a 17-percent increase in gas production in 2017, amid continued overseas expansion.
8:00 PM EST | October 24, 2016
Russia's Rosneft, Indonesia's Pertamina Agree on Refining, Upstream JVs
Russian state oil company Rosneft and Indonesia's Pertamina agree a refinery joint venture in the southeast Asian country.
8:00 PM EST | October 04, 2016
Pertamina to Form Refinery Joint Ventures with Rosneft, Aramco
Indonesian state energy company Pertamina expects to sign a joint venture agreement with Russia's Rosneft for the Tuban oil refinery development project, according to a company official.
8:00 PM EST | October 02, 2016
Andalas, Pertamina Team-Up Could See Huge Employment Spin-Off in Indonesia
Andalas Energy and Power plc's recently announced partnership with Pertamina could result in a huge employment spin-off in Indonesia, suggests Andalas CEO David Whitby.
8:00 PM EST | September 15, 2016
Official: Indonesia's Pertamina Picks Shell to Process Iraqi Crude
Indonesia's Pertamina selects Shell to process a million barrels per month of Iraqi crude at a Singapore refinery.
8:00 PM EST | June 28, 2016
Indonesia's Upstream Investment Appeal Fades
Indonesia's efforts to boost upstream petroleum investments to mitigate falling production have not made much headway in recent years, further entrenching its reliance on imports.
8:00 PM EST | June 19, 2016
Indonesia's Small-Scale LNG Plans Face Several Challenges
Some analysts say small-scale LNG could be best for Indonesia, but one observer says it's more sensible to reform the gas sector.
8:00 PM EST | April 14, 2016
Indonesia's Pertamina Eyes 'At Least' 10% Stake in Inpex Gas Block
Indonesia's Pertamina tells the government it wants a stake of 'at least' 10 percent in the Masela oil and gas block currently being operated by Japan's Inpex.
7:00 PM EST | January 31, 2016
Indonesia's Pertamina Looks to Cut Refining Costs more than 10% by 2019
Indonesian state oil firm Pertamina is set to reduce its fuel processing costs by more than 10 percent over the next four years from 2014 levels by upgrading its refining capabilities.
7:00 PM EST | December 14, 2015
Indonesia's Pertamina Replaces 'Problematic People' Amid Graft Pro
Indonesia's Pertamina replaces 'problematic people' at its oil trade unit, according to the country's energy minister.
7:00 PM EST | November 24, 2015
Indonesia's Pertamina Says To Only Need Fraction Of Planned Debt Financing
Pertamina slashes the amount it plans to raise through long-term debt financing this year after the government paid back some fuel-subsidy money it owed the state energy company.
8:00 PM EST | August 17, 2015
Asian CBM Firms Proceed with Developments, Unfazed by Low Oil Prices
Some independent coalbed methane firms in Asia are proceeding with their development projects despite headwinds caused by lower oil prices.
8:00 PM EST | July 16, 2015
Eni To Sell 1.4Mtpa Of LNG To Indonesia's Pertamina
Eni signs agreements to sell 1.4 million tonnes per annum (mtpa) of liquefied natural gas from an Indonesian deepwater project to state-run company Pertamina.
8:00 PM EST | June 29, 2015
Total, Inpex to Share 30% Stake in Indonesia's Mahakam Gas Block
Indonesia says it will allocate Total and Japan's Inpex a 30 percent stake in the offshore Mahakam oil and gas block once the French major's operating rights to Indonesia's top gas field expire in December 2017.
8:00 PM EST | June 18, 2015
Indonesia's Pertamina to Halt Oil Contracts with Petral in June
Indonesia's Pertamina will halt all contracts with its oil trading arm, Petral, next month.
8:00 PM EST | May 26, 2015
Working for Asian National Oil Companies - An Attractive Choice?
With job security a major preoccupation for most Asian employees in the current downturn, NOCs appear to be an attractive employment option.
8:00 PM EST | May 05, 2015
OTC 2015: Pertamina Hulu Energi to Appoint New Head by May's End
Indonesia's Pertamina Hulu Energi will appoint a successor to former President Director Ignatius Tenny Wibowo by the end of May as the latter has joined Australia's Santos as head of its local unit.
8:00 PM EST | May 03, 2015
Otto Marine Delivers 4 OSVs, Including 2 AHTS, to Pertamina's Subsidiary
Otto Marine delivers four offshore support vessels, including two anchor handling tug supply vessels, to PT Pertamina Trans Kontinental at its yard in Batam, Indonesia.
8:00 PM EST | April 15, 2015
Indonesia to Fill Top Posts in Ministry of Energy & Mineral Resources Soon
Indonesia's Ministry of Energy and Mineral Resources shortlists 15 candidates for President Joko Widido to select for its top five posts, including director general of oil and gas.
8:00 PM EST | March 30, 2015
Energy Minister: Indonesia's Pertamina To Operate Mahakam Block From 2018
Indonesia's Pertamina will operate the Mahakam natural gas block offshore East Kalimantan, according to the country's energy minister.
8:00 PM EST | March 26, 2015
Indonesian Government Tells Pertamina to Resubmit Mahakam Block Proposal
Indonesia's Ministry of Energy and Mineral Resources tells Pertamina to resubmit proposal on taking over operations at the Mahakam block offshore East Kalimantan.
8:00 PM EST | March 19, 2015
Shell, Statoil, Petronas Gain Exploration Blocks in Indonesia Bid Round
Shell, Statoil, Petronas Carigali and Pertamina are among the successful firms in the latest bidding round for 11 oil and gas blocks in Indonesia.
8:00 PM EST | March 17, 2015
Indonesia Says Fate of Total's Mahakam Gas Block in Pertamina's Hands
Indonesia will hand full control over the Mahakam gas block in East Kalimantan province to Pertamina once its current operator's contract, held by Total SA, expires in 2017, an energy ministry official says.
7:00 PM EST | February 26, 2015
RH Petrogas Gets Clearance to Develop North Klalin Field in West Papua
SKK Migas approves RH Petrogas' plan to develop the North Klalin gas and condensate field in Kepala Burung Production Sharing Contract in West Papua, Indonesia.
7:00 PM EST | February 15, 2015
Murphy Closes Sale of 30% of its Malaysian Oil, Gas Assets to Pertamina
Murphy closes the second phase of the sale of 30 percent of its Malaysian oil and gas assets to Pertamina.
7:00 PM EST | January 29, 2015
Indonesia Plans to Produce 825,000 Bopd in 2015, Up 4% YOY
Indonesia plans to produce 825,000 barrels of oil per day in 2015, up 4% from last year, while a decision on contract extension for the Mahakam block is expected in February.
7:00 PM EST | January 28, 2015
Pertamina Hulu Energi on Course for Expansion off Indonesia
Lower oil prices are unlikely to deter Pertamina Hulu Energi from developing upstream projects off Indonesia, but it plans to keep costs under control.
7:00 PM EST | January 12, 2015
Indonesia's Pertamina Says Oil Drop Hits Profits, Growth Plans
Indonesia state oil and gas firm Pertamina sees a more than 20-percent fall in its net profit for 2014.
7:00 PM EST | December 17, 2014
Indonesian Government Appoints Dwi Soetjipto as Pertamina's CEO
Indonesia appoints Dwi Soetjipto to head Pertamina, replacing acting CEO Muhamed Husen.
7:00 PM EST | November 30, 2014
Indonesia to Name One of Three Candidates for Top Post in Pertamina
Indonesia is set to appoint one of three shortlisted candidates to head Pertamina shortly.
7:00 PM EST | November 27, 2014
Indonesia's Graft Watchdog Targets Energy Sector
Indonesia's Corruption Eradication Commission (KPK) plans a sector-wide audit of the country's oil and gas industry in a push to clean up the energy sector and restore investor confidence in Southeast Asia's biggest crude producer.
7:00 PM EST | November 26, 2014
Official: Indonesia Favors Pertamina to Operate Mahakam Block After 2017
Pertamina is likely to become the operator and majority shareholder of the offshore Mahakam oil and gas block after the contract of current operator Total E&P Indonesie expires in 2017, an energy ministry official says.
7:00 PM EST | November 20, 2014
Pertamina Says May Double Output from Overseas Assets by End-2014
Pertamina expects its overseas assets to contribute between 90,000 and 120,000 barrels of oil equivalent per day by the end of 2014, the company says, up from around 63,000 barrels per day of crude last year.
7:00 PM EST | November 17, 2014
Pertamina Officially Appoints Muhamad Husen as Acting CEO
Pertamina appoints upstream director Muhamad Husen as the firm's acting president director & CEO to succeed Karen Agustiawan.
8:00 PM EST | October 02, 2014
Official: Indonesia's Pertamina Seeks US LNG Supply, Shale Equity
Pertamina is trying to secure a greater supply of liquefied natural gas from the United States and to buy into a shale gas producer there, the state oil and gas firm says.
8:00 PM EST | September 29, 2014