Coordinating Maritime Affairs Minister Luhut Pandjaitan says PT Chevron Pacific Indonesia (CPI), the local unit of the United States-based oil and gas giant Chevron Corp., has expressed interest in continuing its operation of the Rokan block in Riau, one of the most productive oil blocks in the country.
Energy and Mineral Resources Ministry oil and gas Director General Djoko Siswanto has said PT Chevron Pacific Indonesia has proposed a higher split from the oil extracted in Rokan Block if the company gets a contract extension.
A car belonging to mining company PT Freeport Indonesia employee Moren Francis Ras was shot up by an unidentified shooter at his house in the Hidden Valley housing complex at Mile 66 in Tembagapura, Mimika, in Papua on Friday morning, April 27th, police have reported. “The shooting damaged the car, but there were no injuries,” Mimika Police chief Adj. Sr. Comr. Agung Marlianto Basuki told The Jakarta Post.
Indonesian President Joko Widodo on Wednesday slammed state-owned oil firm Pertamina, saying it hadn't invested enough in exploration, while blasting red tape hobbling the industry and urging investors to report problematic rules to him directly.
Pertamina has signed agreements to take over the rights to eight expiring oil field blocks previously held by Chevron , CNOOC and Inpex, among others, an energy ministry official said on Friday. Pertamina also committed to spending $556.5 million on developing the fields over the next three years, including for drilling programs, exploration and workovers.
President Joko "Jokowi" Widodo has criticized state-owned energy company Pertamina for a lack of exploration. In its decades of existence, Pertamina had never been involved in exploring large oil blocks, the President said. "From the information I have, since the 1970s to date, [Pertamina] has never conducted any exploration on a large scale [...] What's up?" Jokowi said in his speech at the opening of the 42nd Indonesian Petroleum Association Convention and Exhibition in Jakarta on Wednesday.
The Fourth Industrial Revolution (Industry 4.0) and its advancements in technology with Industrial Internet of Things (IIoT) is enabling energy companies to run leaner, more efficient, sustainable and safer operations. It is critical for all energy and transportation stakeholders to be more digitized, flexible and dynamic to address the challenges of changing business models, ageing infrastructure, climate concerns, and the lack of global access to clean, reliable energy in many remote communities.
Indonesia's green ploy is a red flag. Freeport-McMoRan says "shocking" new environmental demands will further delay an already tricky deal with Jakarta over ownership of its Grasberg copper mine. Cleaning up is a good thing, but the last-minute changes smack of strong-arm tactics.
Indonesia is targeting annual production of 481 million tons of coal this year and next, a mining ministry official said on Monday, as producers of the fuel are struggling to get new heavy equipment and parts. That's up around 4 percent from the 461 million tons Indonesia produced in 2017. However, Indonesia's National Development Planning Board (BAPPENAS) has pushed for coal output to be capped at 400 million tons in 2019,