Indonesia Archives - The American Energy News

Indonesia, Philippine groups acquire Chevron geothermal assets for $3 billion

Chevron geothermal assets sold as company cuts spending, jobs to handle weak oil prices By Enrico Dela Cruz MANILA, Dec 23 (Reuters) – Philippine property to banking conglomerate Ayala Corp said on Friday two groups of companies in which its energy unit has stakes will acquire Chevron geothermal assets in Indonesia and the Philippines, earlier valued […]

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Tidal power developers bet on sea change in Indonesia renewables sector

Innovation

Indonesian tidal power potential significant By Fergus Jensen and Wilda Asmarini JAKARTA, Nov 20 (Reuters) – A well-connected Indonesian marine renewable energy company and OpenHydro, a unit of French state-owned naval defence company DCNS, aim to be the first to plug into the vast untapped tidal power potential of the world’s biggest archipelago. Renewables have so

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Rosneft, Indonesia’s Pertamina agree on refining, upstream JVs

News

Rosneft expanding into fast-growing markets MOSCOW, Oct 5 (Reuters) – Russian state oil company Rosneft and Indonesian state energy company Pertamina have agreed a refinery joint venture in the Southeast Asian country, which may also get stakes in upstream projects in Russia, Rosneft said on Wednesday. Pertamina is seeking overseas producing energy assets as

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Indonesian oil exploration taxes ended in bid to revive investment

News

Indonesian oil exploration taxes, cost recovery plans and low oil prices hard hits on country’s oil industry By Wilda Asmarini and Bernadette Christina Munthe JAKARTA, Sept 22 (Reuters) – Indonesia said on Thursday it will eliminate taxes on oil and gas exploration this week in an effort to bolster investment in the country’s flagging oil and

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Saudi Aramco could reduce stake in $5.5B Indonesia refinery project

News

Saudi Aramco stake reduction could be setback for Indonesian energy industry By Wilda Asmarini JAKARTA, Aug 24 (Reuters) – Oil and gas giant Saudi Aramco may reduce its stake in a proposed $5.5 billion refinery project in Indonesia, the country’s energy minister said on Wednesday. Aramco has asked to cut its share of the project to

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BP to go ahead with $8B Indonesia LNG project expansion

News

Indonesia LNG project expansion will boost facility’s production by 50 per cent By Osamu Tsukimori and Wilda Asmarini TOKYO/JAKARTA, July 1 (Reuters) – BP gained final investment approval to an $8 billion expansion of the Tangguh liquefied natural gas (LNG) project in Indonesia on Friday, clearing the way for a third train to start operations

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Indonesia rejoining OPEC despite being a net importer of petroleum

News

Indonesia produced about 790,000 b/d of crude oil, condensates in 2014, third-lowest level among OPEC countries The Organization of the Petroleum Exporting Countries (OPEC) notified Indonesia that it plans to accept the country’s request to reactivate its membership at the next OPEC meeting in December, according to the US Energy Information Administration. Once it rejoins,

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