#oil production

Collection of oil production news, found 429 news.

Economic growth in draft state budget revision is 5.5 percent

Finance Minister Chatib Basri said the government will revise down the assumed economic growth rate in the draft ...

Cepu oil output predicted to reach 165,000 barrels per day

The upstream oil and gas regulator (SKK Migas) said it is optimistic the crude oil production target of 165,000 barrel ...

Pertamina`s net profit up 11 percent in 2013

Indonesias oil and gas company PT Pertaminas net profit rose by around 11 percent to reach US$3.07 billion in 2013, up ...

Oil lifting below target in 2013

The Upstream Oil and Gas Regulator (SKK Migas) said the countrys oil production in 2013, averaged 825,000 barrels per ...

Bad weather reduces RI`s oil output by 70 thousand BPD

Indonesias crude oil and condensate production fell 70 thousand barrels per day (bpd) to 745 thousand bpd due to bad ...

Govt to revise its oil lifting to 820,000 bpd

The government plans to revise its crude oil and condensate lifting in the Revised 2014 State Budget to 820 thousand ...

Chevron to increase investment by US$12 billion

Chevron Indonesia has made a commitment to increase its investment by US$12 billion in a deep sea gas field ...

SKK Migas sets higher investment target for 2014

The Upstream Oil and Gas Regulator (SKK Migas) predicted that investment in upstream oil and gas sector in 2014 would ...

UN reinforcements start arriving in S. Sudan

The first United Nations (UN) peacekeeping reinforcements arrived Friday in South Sudan, where the government is said ...

Fighting rages in South Sudan oil regions

Heavy fighting between government forces and rebels was raging Thursday in South Sudans key oil-producing north, ...

Pertamina, Thai company to acquire Hess oil and gas block

State energy company PT Pertamina and PTTEP, a Thai oil company, agreed to acquire oil and gas blocks of Hess ...

Pertamina acquires shares in West Qurna I in Iraq

Indonesias state-owned oil and gas company PT Pertamina is seeking to acquire 10 percent of the shares of ExxonMobil ...

Extreme weather to hurt Indonesia`s 2013 CPO production

Indonesias crude palm oil production is estimated to be lower-than-expected at only 26.2 million tons this year, owing ...

Indonesian govt supports development of palm oil industry

The government completely supports the development of the palm oil industry in the country, Secretary General of the ...

Basit Igtet Sets Out Plan To Restore Libya

- Basit Igtet, the Founder of the Independent Libya Foundation and a Special Envoy to the Libyan National Transitional ...