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Cnooc to Get 15 Indonesia LNG Cargoes in First Year |
| 2009-05-26 22:16:46 |
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| China National Offshore Oil Corp., the country’s third-biggest oil producer, said its liquefied natural gas terminal in Fujian will get 15 cargoes in the first 12 months of a 25-year contract, cutting the need for spot shipments. |
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Cepu block's early production of 20,000 bopd to last until 2011 |
| 2009-05-26 21:15:07 |
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| Indonesia's high hopes for a major contribution of oil from the massive Cepu block may take longer than expected as the block will only produce a maximum of 20,000 barrels oil per day (bopd) from 2010 to as early as the third quarter of 2011, the regulator says. |
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A Block Received the Priority for Contract Extension |
| 2009-05-22 04:22:51 |
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| A Block Field managed by Medco E&P, received the priority to have its contract extension processed soon, considering its contract period will end next 2011. |
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Second Echelon of DEN Inaugurated |
| 2009-05-20 02:03:40 |
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| Wednesday, 20 May 2009, 10:35:31 WIB
Jakarta, Minister of EMR, Purnomo Yusgiantoro, inaugurated and took the oath of second echelon functionaries of the Secretariat General of the National Energy Board (DEN) and Directorate General of Electricity and Energy Development at MEMR Auditorium, Wednesday (20/5). |
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CBM Related-Issues were Discussed |
| 2009-05-19 22:39:01 |
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| The development of coal bed methane (CBM) in Indonesia had just begun. Its different characteristic with oil and gas made CBM treated differently. The Government and stakeholders discussed the matter at Migas Building, Tuesday (19/5). |
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Indonesia and Vietnam to Increase Cooperation in Energy and Mineral Sector |
| 2009-05-18 22:17:14 |
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| Indonesia and Vietnam have agreed to increase cooperation in the Energy and Mineral Resources Sector, signed in a Memorandum of Understanding on Cooperation on Energy, Petroleum and Coal Mining. This signing was held at the 5th Joint Commission on Economic, Scientific and Technical Cooperation (JCESTC), held in Ho Chi Minh City, Vietnam on April 23-25. |
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Bontang LNG buyers allowed to trim orders by 15%: Govt |
| 2009-05-18 03:14:27 |
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| Buyers of liquefied natural gas (LNG) from Indonesia’s Bontang plant are allowed reduce purchases by as much 15 percent without penalty, the government said. |
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Oil and Gas Infrastructure Blueprint is Arranged |
| 2009-05-17 21:09:36 |
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| In order to support oil and gas industry development, the Government is arranging Oil and Gas Infrastructure Blueprint. |
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RI expects to ship first Tangguh LNG cargo in July |
| 2009-05-14 22:51:55 |
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| Jakarta: Indonesia expects to ship the first cargo of liquefied natural gas from Tangguh on July 1, said Purnomo Yusgiantoro, the energy and mineral resources minister. |
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Medco’s Aceh field to produce gas this year |
| 2009-05-14 22:49:45 |
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| Jakarta: PT Medco Energi Internasional may start producing natural gas in Indonesia’s Aceh province this year, regulator BPMigas said. |
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China to buy Aussie LNG for 20 years |
| 2009-05-14 01:49:00 |
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| China National Offshore Oil Corp. ( CNOOC ) agreed to buy liquefied natural gas (LNG) from BG Group Plc’s planned US$6 billion Australian project as demand for cleaner fuels rises in the second-largest energy-consuming nation. |
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National Oil and Gas Operatorship is Targeted to Reach 50% in 2025 |
| 2009-05-12 02:44:05 |
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| The current oil and gas industry development in Indonesia is still dominated by foreign contractors. The portion of national companies has only reached 25%. Therefore, national operatorship is targeted to reach 50% in 2025. |
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CBM New Regulation will be Arranged Soon |
| 2009-05-12 02:24:36 |
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| The Government will soon arrange new regulation about coal bed methane management. Next week, CBM stakeholders will be invited to discuss this matter. |
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2009 Oil and Gas Investment is Targeted to be US$ 16,6 Billion |
| 2009-05-07 20:55:18 |
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| The Government targets oil and gas sector investment to be US$ 16,6 billion this year. To reach it, the Government is committing to give interesting incentive package and tax for investors. |
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The President Views the Signing of 15 Oil and Gas PSC and 5 Domestic Gas Contracts |
| 2009-05-07 20:52:20 |
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| President Susilo Bambang Yudhoyono accompanied by the Minister of EMR, Purnomo Yusgiantoro, viewed the signing of 15 oil and gas PSC and 5 domestic gas contracts in the opening of the 33rd IPA Conference and Exhibition at the Jakarta Convention Centre, Tuesday (4/5). |
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LNG Sales Growth Slows on Project Delays |
| 2009-05-07 00:20:43 |
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| Global liquefied natural gas sales grew at the slowest pace since the beginning of the decade because of project delays, plant disruptions and cost increases, a trade group said. |
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The Government Wishes to Increase Refineries Since the 1990`s |
| 2009-05-06 01:22:26 |
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| Tuesday, 05 May 2009, 10:01:17 WIB
The Government`s wish to add new refineries has occurred since the 1990`s but never could been realized. Some incentives that had been given haven`t succeeded to attract investors to construct refineries. |
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Pertamina plans to invest $2b to boost upstream operations |
| 2009-05-04 20:29:00 |
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| After decades of monopoly, state oil and gas company PT Pertamina is trying to beat the rising competition by investing more in the upstream sector, where competition is scarce and returns are higher. |
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CBM Working Acreages will Produce Gas in 2011 |
| 2009-04-30 00:17:13 |
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| The Government is optimistic that in 2011, CBM working acreages will start to produce gas. |
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Exxon and Hess win oil and gas blocks |
| 2009-04-30 00:01:23 |
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| US-based oil giants ExxonMobil Corp. and Hess Corp. Wednesday won new oil and gas exploration rights in eastern Indonesia and pledged a total commitment of US$66 million to do so over the next three years. |
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PLN says it welcomes waste to energy projects |
| 2009-04-20 21:05:34 |
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| The state-owned electricity company PT PLN has welcomed the International Finance Croporation (IFC)-initiated biomass power plant projects using palm oil wastes and rice husks, an official says. |
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Oil, gas cost recovery rules changed |
| 2009-04-20 21:03:35 |
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| Oil and gas operators can no longer claim cost recovery expenses for gas delivery transmission pipelines and LNG terminals as a new cost recovery regulation will categorize these items as unrecoverable. |
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Large Oil Reserve Found in Ambalat |
| 2009-04-19 23:03:30 |
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| Good news for oil and gas sub sector. Based on the early indication, a quite large amount of reserve was found at Aster field, Ambalat block which is managed by ENI. The production is estimated to be around 30.000-40.000 barrel a day. |
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Japan buys LNG from RI at cheapest rate in 4 years |
| 2009-04-16 23:38:28 |
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| Japan, the world’s biggest buyer of liquefied natural gas, bought the fuel from Indonesia at the cheapest rate in four years because of slumping oil price.
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Total Indonesie may cut gas flow from Mahakam by 5% |
| 2009-04-13 23:47:54 |
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| Total E&P Indonesie, a unit of France’s oil and gas giant Total SA, may reduce gas production from its Mahakam block, offshore East Kalimantan, by 5 percent this year in anticipation of decreasing LNG demand from major Asian importers. |
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