Elridge Energy launches RM203mil IPO

Elridge Energy Holdings Bhd has today launched its prospectus for its listing on Bursa Malaysia’s ACE Market that will raise up to RM203 million.

Indonesia aims to produce 100,000 oil barrels a day by 2028

Indonesia is trying to increase its oil production that has been dropping since 2020, reversing the declining production trend by exploiting old oil fields and try to find new oil fields, with an aim of producing 100,000 barrels a day by 2028.