#oil and gas

Collection of oil and gas news, found 441 news.

Indonesia`s exports register decline in April

Indonesias exports in April 2017 dropped 10.30 percent to US$13.17 billion, from $14.67 billion a month earlier, ...

April`s forex reserves amount to US$123.3 bln

The Indonesian central bank, Bank Indonesia (BI) recorded the countrys foreign exchange reserves (forex) in April 2017 ...

Arcandra defends gross split in oil production sharing system

Deputy Minister of Energy and Mineral Resources (ESDM) Arcandra Tahar defended the new system of gross split in oil ...

Minister Jonan inaugurates gas network in Surabaya

Energy and Mineral Resources Minister Ignasius Jonan inaugurated a gas network which connects 24 thousand household ...

EIG holds final closing of Global Private Debt Fund

- EIG Global Energy Partners (EIG) today announced the successful final close of Global Private Debt Fund (GPF IV), a ...

Minister surprised over high gas production cost

Minister of Energy and Mineral Resources (ESDM) Ignatius Jonan has said that he was surprised to see the rise in ...

Rp245 trillion in development fund unused in 2015

Home Affairs Minister Tjahjo Kumolo asked regional administrations to accelerate development to make up for slowdown ...

PetroChina to drill two oil wells in Jambi

The oil and gas company PetroChina will carry out drilling for two new wells in April 2016 in an effort to develop ...

Chevron not to seek extension for East Kalimantan Block contract

Chevron Indonesia Company said it will not seek extension of its production sharing contract for the East Kalimantan ...

Simon-Kucher study reveals the power of two percent

- In light of the recent establishment of the ASEAN economic community (AEC), it is becoming essential ...

Indonesia's imports down 19 percent in 2015: statistic agency

Indonesias imports last year fell by 19.89 percent to US$142.74 billion from US$178.17 billion the year before, ...

Indonesia`s exports down 14.62 percent, surplus $7.5 b

The Central Bureau of Statistics (BPS) said Indonesias exports were valued at US$150.25 billion in 2015 or 14.62 ...

Philippines offers eight bases to U.S. under new military deal

The Philippines has offered the United States eight bases where it can build facilities to store equipment and ...

Honeywell acquires remaining 30 percent interest in UOP Russell LLC

- Honeywell (NYSE: HON)announced that it has acquired the remaining 30 percent stake in UOP Russell LLC, which ...

Indonesia produced 792 thousand barrels of oil in 2015

Indonesia produced 792 thousand barrels of oil in 2015, which was below the set target of 825 thousand, according to ...