Pertamina Company News

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Indonesia Confirms Pertamina CEO As State Firm Pressed To Curb Imports
Wednesday, August 29, 2018 Indonesia's government confirms Nicke Widyawati as the permanent chief executive of Pertamina.

Pertamina Discontinues LNG Terminal Project, Seen As Unfeasible
Monday, July 09, 2018 Pertamina has decided not to go ahead with what would have been the country's second land-based receiving terminal.

Bangladesh Signs Deal With Indonesia For LNG Imports
Monday, January 29, 2018 Bangladesh signs an agreement with Indonesia to open talks on imports of LNG.

Pertamina Signs JV Deal With Russia's Rosneft For New Tuban Refinery
Tuesday, November 28, 2017 Pertamina Signs JV Deal With Russia's Rosneft For New Tuban Refinery

Indonesia's Pertamina To Spend $700MM On Mahakam Oil, Gas Block Next Year
Thursday, November 02, 2017 Pertamina plans to spend $700 million on the upkeep of its offshore Mahakam oil and gas block next year to maintain production.

Pertamina: Indonesia To Become LNG Importer In 2020 As Population Grows
Wednesday, October 25, 2017 Indonesia is expected to become a net importer of liquefied natural gas in 2020 as its population grows.

ExxonMobil Says Will Drop Discussions Over Indonesia's East Natuna
Tuesday, July 18, 2017 Difficulties with the field, first discovered in the 1970s, have included contract disputes and remoteness.

Saudi Aramco Reaffirms Commitment to Pertamina JV as CEOs Meet
Friday, July 07, 2017 The Indonesia refinery upgrade will increase capacity to 400,000 from 348,000 barrels per day.

Indonesia's Pertamina To Delay Some Refinery Projects Over Financing
Tuesday, June 06, 2017 Pertamina plans to delay some refinery upgrades and a new project, including ventures involving Rosneft and Saudi Aramco.

New Pertamina Chief To Focus On Transparency, Energy Security
Thursday, March 16, 2017 The new head of Indonesian state energy firm Pertamina said he would focus on improving transparency and communications at the country's biggest company.

Aramco's Malaysia Deal Gives Saudis Upper Hand In Fight For Asia Oil Share
Tuesday, February 28, 2017 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.

Pertamina To Go Solo On Balongan Refinery
Monday, January 30, 2017 Pertamina will proceed with an upgrade of its Balongan refinery without a partner, company officials say.

Indonesia's Pertamina Targets 42% Increase in 2017 Crude Output
Tuesday, October 25, 2016 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.

Russia's Rosneft, Indonesia's Pertamina Agree on Refining, Upstream JVs
Wednesday, October 05, 2016 Russian state oil company Rosneft and Indonesia's Pertamina agree a refinery joint venture in the southeast Asian country.

Pertamina to Form Refinery Joint Ventures with Rosneft, Aramco
Monday, October 03, 2016 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.

Andalas, Pertamina Team-Up Could See Huge Employment Spin-Off in Indonesia
Friday, September 16, 2016 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.

Official: Indonesia's Pertamina Picks Shell to Process Iraqi Crude
Wednesday, June 29, 2016 Indonesia's Pertamina selects Shell to process a million barrels per month of Iraqi crude at a Singapore refinery.

Indonesia's Upstream Investment Appeal Fades
Monday, June 20, 2016 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.

Indonesia's Small-Scale LNG Plans Face Several Challenges
Friday, April 15, 2016 Some analysts say small-scale LNG could be best for Indonesia, but one observer says it's more sensible to reform the gas sector.

Indonesia's Pertamina Eyes 'At Least' 10% Stake in Inpex Gas Block
Monday, February 01, 2016 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.

Indonesia's Pertamina Looks to Cut Refining Costs more than 10% by 2019
Tuesday, December 15, 2015 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.

Indonesia's Pertamina Replaces 'Problematic People' Amid Graft Pro
Wednesday, November 25, 2015 Indonesia's Pertamina replaces 'problematic people' at its oil trade unit, according to the country's energy minister.

Indonesia's Pertamina Says To Only Need Fraction Of Planned Debt Financing
Tuesday, August 18, 2015 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.

Asian CBM Firms Proceed with Developments, Unfazed by Low Oil Prices
Friday, July 17, 2015 Some independent coalbed methane firms in Asia are proceeding with their development projects despite headwinds caused by lower oil prices.

Eni To Sell 1.4Mtpa Of LNG To Indonesia's Pertamina
Tuesday, June 30, 2015 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.

Total, Inpex to Share 30% Stake in Indonesia's Mahakam Gas Block
Friday, June 19, 2015 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.

Indonesia's Pertamina to Halt Oil Contracts with Petral in June
Wednesday, May 27, 2015 Indonesia's Pertamina will halt all contracts with its oil trading arm, Petral, next month.

Working for Asian National Oil Companies - An Attractive Choice?
Wednesday, May 06, 2015 With job security a major preoccupation for most Asian employees in the current downturn, NOCs appear to be an attractive employment option.

OTC 2015: Pertamina Hulu Energi to Appoint New Head by May's End
Monday, May 04, 2015 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.

Otto Marine Delivers 4 OSVs, Including 2 AHTS, to Pertamina's Subsidiary
Thursday, April 16, 2015 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.

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

Energy Minister: Indonesia's Pertamina To Operate Mahakam Block From 2018
Friday, March 27, 2015 Indonesia's Pertamina will operate the Mahakam natural gas block offshore East Kalimantan, according to the country's energy minister.

Indonesian Government Tells Pertamina to Resubmit Mahakam Block Proposal
Friday, March 20, 2015 Indonesia's Ministry of Energy and Mineral Resources tells Pertamina to resubmit proposal on taking over operations at the Mahakam block offshore East Kalimantan.

Shell, Statoil, Petronas Gain Exploration Blocks in Indonesia Bid Round
Wednesday, March 18, 2015 Shell, Statoil, Petronas Carigali and Pertamina are among the successful firms in the latest bidding round for 11 oil and gas blocks in Indonesia.

Indonesia Says Fate of Total's Mahakam Gas Block in Pertamina's Hands
Friday, February 27, 2015 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.

RH Petrogas Gets Clearance to Develop North Klalin Field in West Papua
Monday, February 16, 2015 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.

Murphy Closes Sale of 30% of its Malaysian Oil, Gas Assets to Pertamina
Friday, January 30, 2015 Murphy closes the second phase of the sale of 30 percent of its Malaysian oil and gas assets to Pertamina.

Indonesia Plans to Produce 825,000 Bopd in 2015, Up 4% YOY
Thursday, January 29, 2015 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.

Pertamina Hulu Energi on Course for Expansion off Indonesia
Tuesday, January 13, 2015 Lower oil prices are unlikely to deter Pertamina Hulu Energi from developing upstream projects off Indonesia, but it plans to keep costs under control.

Indonesia's Pertamina Says Oil Drop Hits Profits, Growth Plans
Thursday, December 18, 2014 Indonesia state oil and gas firm Pertamina sees a more than 20-percent fall in its net profit for 2014.

Indonesian Government Appoints Dwi Soetjipto as Pertamina's CEO
Monday, December 01, 2014 Indonesia appoints Dwi Soetjipto to head Pertamina, replacing acting CEO Muhamed Husen.

Indonesia to Name One of Three Candidates for Top Post in Pertamina
Friday, November 28, 2014 Indonesia is set to appoint one of three shortlisted candidates to head Pertamina shortly.

Indonesia's Graft Watchdog Targets Energy Sector
Thursday, November 27, 2014 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.

Official: Indonesia Favors Pertamina to Operate Mahakam Block After 2017
Friday, November 21, 2014 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.

Pertamina Says May Double Output from Overseas Assets by End-2014
Tuesday, November 18, 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.

Pertamina Officially Appoints Muhamad Husen as Acting CEO
Friday, October 03, 2014 Pertamina appoints upstream director Muhamad Husen as the firm's acting president director & CEO to succeed Karen Agustiawan.

Official: Indonesia's Pertamina Seeks US LNG Supply, Shale Equity
Tuesday, September 30, 2014 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.

Murphy Oil To Sell Nearly A Third Of Malaysian Assets For $2B
Tuesday, September 30, 2014 Murphy Oil says it would sell 30% of its oil and gas assets in Malaysia for $2 billion in cash to Pertamina as it cuts overseas holdings to focus on an improving home market.

Indonesia Likely to Decide on Mahakam PSC Extension Next Year
Thursday, September 25, 2014 Indonesia is expected to make a decision on the extension of Mahakam production sharing contract offshore East Kalimantan next year, a Pertamina official says.

Indonesia's Widodo Unveils Energy Action Plan, to Halt Petral Oil Trading
Tuesday, September 23, 2014 Indonesian president-elect Joko Widodo plans to halt operations at Pertamina's energy trading unit Petral to allow for an audit of its operations as part of efforts to fight alleged fuel smuggling and corruption, a senior adviser to Widodo says.