Oil and Gas News Update

Targeted oil production too high: BPMigas

Indonesia’s targeted 2011 production of 970,000 barrels of oil per day (bpd) seems further from reach following oil and gas regulator BPMigas’ announcement that, as of Monday, the production rate was only 916,000 bpd. more..

Non-subsidized fuel prices reach Rp 10,000 per litter

In a bid to adjust to rising global oil prices, state oil and gas firm PT Pertamina and Shell Indonesia have raised prices of non-subsidized fuels to between Rp 9,000 to Rp 10,000 per liter as the rise in crude oil prices in the international market continued. more..

Chinese firm to build coal-fired power plant in W. Kalimantan

PT Praba Indopersada, a subsidiary of general contractor firm Praba Group of Indonesia and Chinese firm Gezhouba Group, won a bid to build state-owned electricity company PLN’s coal-fired power plant in Bengkayang, West Kalimantan. more..

Rp 311 trillion ‘lost to forest misuse’ in Kalimantan: Govt

“Non-procedural” forest use in three provinces of Kalimantan has cost the state Rp 311.4 trillion (US$36.38 billion) in losses, according to a government report. more..

NZ to aid geothermal push in several provinces

The New Zealand government says it will give billions of dollars to aid geothermal energy development in West Java and several other Indonesian provinces. more..

Indian Company Eying Indonesian Coal

National Aluminium, seeking to build a smelter and a power plant in Indonesia, is in talks with two coal companies to buy a stake of as much as 24 percent in one of their mines, the Indian company’s chairman B.L. Bagra said. more..

Inflation Slowing, but Core Prices Continue to Heat Up

Inflation eased in April for a third-straight month as the harvest drove down food costs, and analysts said that this would allow the central bank to keep rates steady, although a hike is expected later this year as core prices accelerate. more..

PLN Plans 18 CBM Plants for Sumatra, Kalimantan

State utility Perusahaan Listrik Negara plans to bring more electricity at a lower price to Sumatra and Kalimantan by building 18 coal-bed methane-fueled power plants at a total cost of $250 million, bringing 101 megawatts online. more..

Penghapusan Premium Naikkan Inflasi

JAKARTA--MICOM: Kepala Badan Pusat Statistik Rusman Heriawan menyebutkan penghapusan premium akan berdampak signifikan terhadap laju inflasi karena BBM memiliki bobot 3% terhadap total inflasi. Jika benar-benar dihapus, ia memprediksi akan ada lonjakan inflasi 1,6-1,75%. Selengkapnya..

Selisih Ideal BBM Subsidi dan Non Subsidi Rp2.500 per Liter

JAKARTA--MICOM: Ketua Umum Himpunan Wiraswasta Nasional Minyak dan Gas Bumi (Hiswana Migas) Eri Purnomohadi menilai selisih harga bahan bakar minyak (BBM) subsidi dengan BBM non subsidi idealnya sekitar Rp2.000-Rp2.500 per liter. Selengkapnya..

China Investasikan Rp22 Trilun di Sulbar

MAMUJU--MICOM: Provinsi Sulawesi Barat menerima dana investasi dari China sekitar Rp22 triliun untuk pembangunan sejumlah proyek infrastruktur. Selengkapnya.