Pertamina wins $114m arbitration case against local company

Pertamina wins $114m arbitration case against local company

State oil and gas company Pertamina has won an arbitration case against local petrochemical company PT Trans Pacific Petrochemical Indotama (TPPI). more..

US govt asks for legal certainty in oil industry

The US Department of Energy called on the Indonesian government to ensure the certainty of energy sector contracts and regulations to attract more investment from US companies. more..

500 firms to join industry expo

JAKARTA: Around 500 local and multinational firms in the metalworking and machine tool industry will participate in the fifth International Metalworking Technology and Machine Tools (MTT) Expo 2011 to be held at the Jakarta International Expo in Kemayoran, Jakarta, this month. more..

Medco to start Tunisia oil production

JAKARTA: Medco Tunisia Anaguid, a subsidiary of Indonesia’s largest private oil and gas firm, PT Medco Energi Internasional (MEI), says it has targeted to produce around 3,000 barrels of oil a day (bpd) at the Durra field in Tunisia. more..

Govt promises incentives for investors in energy sector

Energy and Mineral Resources Minister Darwin Zahedy Saleh has promised to consider providing fiscal incentives and more attractive production-sharing arrangements for potential investors in the energy sector. more..

Government Plans Talks on Possible Premium Price Rise

The administration and the House of Representatives will meet at the end of this month to discuss a possible increase in the price of subsidized fuel, a government official said. more..

Pertamina Bids $3.5 Billion for Exxon’s Angola Stake, WSJ Says

PT Pertamina bid about $3.5 billion for Exxon Mobil Corp.’s 25 percent stake in an Angolan oil block, surpassing an offer from a Chinese rival, the Wall Street Journal reported, citing a person familiar with the matter.

NTB Still Chasing Stake in Newmont

If nothing else, West Nusa Tenggara’s tenacity in the pursuit of the last batch of divested shares in Newmont Nusa Tenggara is worthy of respect. more..

TPPI Tanda Tangani Pembayaran Utang ke Pertamina

JAKARTA--MICOM: PT Trans Pacific Petrochemical Indotama menandatangani perjanjian pembayaran utang ke PT Pertamina (Persero) senilai US$375 juta. Selengkapnya..

Divestasi Newmont

NTB Minta Pusat Pertimbangkan Kepentingan Daerah

JAKARTA--MICOM: Setelah menghadap Menteri Keuangan, Pemprov Nusa Tenggara Barat didampingi DPRD tetap berharap divestasi PT Newmont Nusa Tenggara (Newmont) ditunggu sampai dengan batas akhir yang telah ditetapkan yakni 18 Mei nanti. Selengkapnya..

Datangi Menkeu, NTB tetap Minta Jatah 7 Persen Saham Newmont

JAKARTA--MICOM: Pemerintah Daerah Nusa Tenggara Barat (NTB) mendatangi Menteri Keuangan untuk meminta jatah divestasi 7% saham PT Newmont Nusa Tenggara (NNT) meskipun pemerintah pusat melalui Pusat Investasi Pemerintah (PIP) telah resmi membelinya. Selengkapnya..