#oil and gas

Collection of oil and gas news, found 450 news.

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 ...

Target overshot in state budget deficit, 2.8 percent of GDP

Finance Minister said the target was overshot for the state budget deficit in 2015 reaching Rp318.5 trillion or 2.8 ...

Policy implementation to maintain rupiah stability

The year 2015 has been marked with a long arduous struggle to shore up rupiah to regain some of its lost value ...

President not keen to take hasty decision on Masela project

President Joko Widodo (Jokowi) expressed that he would not hurry in arriving at a decision on the development of the ...

Some small enterprises seem gloomy over ASEAN free trade

Wahab an Nasaru is one of many gemstone artisans who ironically have had to close their businesses while their ...

Indonesia government lowers premium gasoline, diesel oil prices

In a move to usher in the new year on a positive note, the government has significantly lowered the prices of premium ...

It is time to drop fuel prices: Minister

Coordinating Minister of Maritime Affairs Rizal Ramli has said it was time to reduce the price of fuel even as the ...