Boost for Indonesia as BP signs deep-water PSCs
In a boost for Indonesia, BP (LON:BP) has today signed the 30-year production sharing contracts (PSC) for Agung l and Agung ll deep-water oil and gas exploration blocks with the government of Indonesia. The areas are underexplored with significant potential for natural gas resources, close to expanding gas demand markets.
Indonesia offers 6 oil and gas blocks for bidding
JAKARTA: Indonesia is offering five exploration oil and gas working areas and on ..
TotalEnergies exits from Myanmar amid political turmoil
French energy major TotalEnergies has ‘definitively’ withdrawn from Myanmar, citing the deteriorating human rights situation in the country caused by last year’s military coup. In January this year, the French firm announced its decision to exit from the Yadana field and from the associated pipeline firm Moattama Gas Transportation Company (MGTC) in Myanmar, without seeking any financial […]
Gasoline prices cut by P5.00/liter, diesel by P2.00/liter
Consumers are up for another week of relief on their fuel budgets, as oil firms will reduce prices of gasoline products by P5.00 per liter, and diesel by P2.00 per liter effective Tuesday, July 19. The oil companies similarly advised on a price reduction of P0.70 per liter for kerosene products, which will take financial […]
Malaysia’s Petronas launches clean energy firm to lead carbon-free push
Malaysia’s Petronas (PETR.UL) on Thursday announced the establishment of a new clean energy solutions company, Gentari, as part of a global push by the state oil firm to produce clean energy.
Indonesia may miss oil-lifting target in 2022: SKK Migas
Indonesia may miss this year’s oil-output target due to project delays, an official at the Upstream Oil and Gas Special Regulatory Taskforce (SKK Migas) said. SKK Migas head Dwi Soetjipto projected that Indonesia would produce 640,000 barrels of oil per day (bopd) this year, which is 9 percent below the target of 703,000 bopd, as […]
Harbour Energy working to establish full potential of ‘play-opening well’ in Indonesia
UK oil and gas company Harbour Energy has completed the drilling of the Timpan-1 exploration well, located 150 kilometres offshore Indonesia, after finding a material gas accumulation. The work is now being done to establish the full potential of this play.
Indonesia Energy Commences Drilling of Second of Two Back-to-Back Production Wells at Kruh Block
Indonesia Energy Corporation Limited (NYSE American: INDO) (IEC), an oil and gas exploration and production company focused on Indonesia, today announced that the company commenced drilling operations at the second of its two back-to-back producing wells. This well is named the K-28 well. The first of these two back-to-back wells, the K-27 well was completed […]
