Indonesian Ministry of Energy and Mineral Resources Company News

Recent Articles

Results 31 articles shown

Indonesia Encourages More Exploration, Development Activities in its Waters
Wednesday, August 31, 2016Indonesia plans to boost oil and gas activities in its waters, inviting Malaysia to join Pertamina in exploration work, while seeking to speed up development of the East Natuna block.

Indonesian Acting Energy Minister Says Abadi LNG Remains a Priority Project
Thursday, August 18, 2016Indonesia's Acting Minister for Energy and Mineral Resources Luhut Panjaitan says the Abadi liquefied natural gas project in the offshore Masela block remains a priority project for the country.

Indonesia President Joko Widodo Names Archandra Tahar as Energy Minister
Wednesday, July 27, 2016Indonesia's President Joko Widodo appoints Archandra Tahar as Energy and Mineral Resources Minister in a cabinet reshuffle, replacing Sudirman Said, according to local media.

Indonesia Invites Bids for 14 Conventional Oil & Gas Blocks
Thursday, July 21, 2016Indonesia's Ministry of Energy and Mineral Resources issues invitation for energy companies to bid for 14 conventional oil and gas blocks.

Indonesia Plans To Start Building Strategic Oil Reserves This Year
Thursday, July 21, 2016Indonesia plans to start installing tanks for its strategic petroleum reserves (SPR) and filling them this year with the goal of covering 30 days worth of emergency stocks eventually, the energy minister says.

Survey Shows Most Indonesian Upstream Firms Likely to Cut Workforce in 2016
Tuesday, May 31, 2016Most upstream companies in Indonesia are likely to reduce workforce this year given sluggish oil prices, The Jakarta Post reported, citing a survey by PricewaterhouseCoopers Indonesia.

Indonesia Offers 15 Oil and Gas Blocks in First Tender for 2016
Monday, May 30, 2016Indonesia offers 15 oil and gas blocks, including 1 unconventional block, for bidding in the first tender for 2016.

Indonesia Awards North Kalimantan's Offshore East Ambalat PSC to Pertamina
Friday, May 27, 2016Indonesia awards the production sharing contract for North Kalimantan's offshore East Ambalat block that was relinquished earlier by Chevron to state-owned PT Pertamina.

Indonesia 1Q Crude Output Climbs On Exxon's Cepu Field Boost
Friday, April 08, 2016Indonesia's average daily crude output climbed in the first quarter to about 835,000 barrels per day, an energy ministry official says, as a result of a long-awaited production increase at Exxon Mobil Corp.'s Cepu block.

Indonesia Not Decided on Abadi Dev. Scheme Despite Minister's Claim
Wednesday, February 24, 2016Indonesia has yet to decide on the development scheme for the Abadi project in the Arafura Sea despite a claim by a minister that President Joko Widodo has opted for the onshore proposal.

Indonesia Can Return to OPEC But Can't Escape Aging Oil Fields
Friday, December 04, 2015For the first time in seven years, OPEC's newest member will increase crude production. It will likely be just a blip.

Indonesia Expects Study on Abadi LNG Project to Complete by Year-End
Monday, November 16, 2015Indonesia expects Poten and Partners to complete a study on the development plan for the Abadi gas project by year-end, a senior official of the Ministry of Energy and Mineral Resources says.

Indonesia Invites Bids for 3 Non-Conventional Blocks in Java, Kalimantan
Wednesday, November 04, 2015Indonesia invites bids for three non-conventional oil and gas blocks in Java and Kalimantan.

Indonesia to Decide on Abadi LNG Project Development Option Early Next Year
Wednesday, October 28, 2015Indonesia will decide early next year on the development option for the Abadi gas project in the Masela Block in the Arafura Sea, eastern Indonesia after evaluating results of an independent study.

East Kalimantan Govt Formally Takes a 10% Stake in Offshore Mahakam Block
Wednesday, October 07, 2015Indonesia formally hands over a 10 percent stake in the offshore Mahakam Block to East Kalimantan Governor, with the interest to take effect in January 2018.

Differences Surface in Indonesian Government on Abadi Gas Project Concept
Monday, September 28, 2015Differences surface within the Indonesian government on the development concept for the Abadi gas project in Arafura Sea, eastern Indonesia, according to a local daily.

Indonesia Plans to Offer 21 Oil, Gas Blocks for Tender in 2016
Thursday, September 03, 2015Indonesia plans to offer 21 conventional and unconventional oil and gas blocks in a tender in 2016.

Indonesia to Offer 11 Blocks in Coming Tender, Works on New Contract Scheme
Wednesday, August 05, 2015Indonesia plans to offer 11 exploration oil and gas blocks in an upcoming tender, with awards set for November, local media quoted a Ministry of Energy and Mineral Resources official as saying.

Indonesia Plans to Offer More Oil, Gas Blocks for Bidding This Year
Monday, May 25, 2015Indonesia plans to offer more oil and gas blocks for bidding in a new round planned later this year, according to a local daily.

Indonesia to Fill Top Posts in Ministry of Energy & Mineral Resources Soon
Tuesday, March 31, 2015Indonesia'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.

Indonesia Considers Turning SKK Migas into State-Owned Enterprise
Friday, March 06, 2015Indonesia considers turning the country's upstream oil and gas regulator SKK Migas into a state-owned enterprise.

Indonesia Plans to Offer 8 Oil, Gas Exploration Blocks in 2015
Thursday, January 22, 2015Indonesia plans to offer eight oil and gas exploration blocks this year through direct negotiation and regular tender, according to an official of the energy and mineral resources ministry.

Indonesia Invites Bids for 18 Onshore, Offshore Oil and Gas Blocks
Tuesday, September 17, 2013Indonesia's Ministry of Energy and Resources invites companies to bid for 18 onshore and offshore oil and gas blocks in the country.

Indonesia Sees 2010 Gas Balance Sheet Deficit
Wednesday, March 10, 2010The Energy and Mineral Resources Minister said under the 2010-2025 Indonesian Gas Balance Sheet, this year booked a deficit of 2,544 MMSCFD.

Talisman Picks Up Andaman III License Offshore Indonesia
Monday, December 07, 2009Talisman has announced that its wholly owned subsidiary, Talisman Andaman BV., has been awarded the highly prospective Andaman III License Block in Indonesia.

Marathon Bags Interest in Bone Bay Block Offshore Indonesia
Wednesday, October 22, 2008Marathon announced that its subsidiary, Marathon Indonesia New Ventures Limited, has been awarded a 49% interest and operatorship in the Bone Bay Block offshore Indonesia.

Serica Snags East Seruway PSC Offshore Indonesia
Tuesday, October 21, 2008Serica Energy has been awarded the East Seruway Production Sharing Contract offshore north Sumatra, Indonesia.

Niko, Partners Nab 4 Offshore Indonesian Blocks
Friday, October 17, 2008The Indonesian government has provisionally awarded Niko Resources and its partners four blocks covering almost 20,000 square kilometers.

Indonesia Awards 22 Oil, Gas Blocks to Boost Exploration, Output
Friday, October 17, 2008The Indonesian government Friday awarded 22 new oil and gas blocks to investors, out of the 25 it offered for bids, the Ministry of Energy and Mineral Resources said.

Indonesia May Hold Back New Oil Blocks Offer
Thursday, August 07, 2008Indonesia is likely to suspend a round of bidding for new oil and gas blocks scheduled for October due to poor uptake in the previous round, a senior official at the Ministry of Energy and Mineral Resources said Thursday.

OPEC: Indonesia's Still a Member
Wednesday, May 23, 2007The Organization of Petroleum Exploration Countries affirmed that Indonesia remains a member of the cartel, Indonesian oil and gas regulator BP Migas reported.