Rumor from the Directorate General of Oil & Gas
There’s a rumor that the Director General for Oil & Gas I Gusti Nyoman (IGN) Wiratmaja Puja is going to be replaced. Words have it that the Minister of Energy and Mineral Resources (ESDM) Ignasius Jonan is going to make some changes after the Eid...Waiting for Improvements at State Plantations
PT Perkebunan Nusantara III, parent of state plantation companies, is one of the largest companies in Indonesia with total workforce of almost 140,000 people in late 2015. The holding entity controls 1.18 million hectares of plantation concession, of which 817,536...Central Omega Resources: Nickel Smelter & Export
Nickel retreated further to US$8793 per ton, reflecting only 5.83% gain year-on-year due to perception of higher supply, especially from new nickel pig iron (NPI) smelters in Indonesia and resumption of low-grade nickel ore export. What about Central Omega Resources...Revisiting Johan Lensa’s J Resources
Shares of PT J Resources Asia (PSAB) Tbk ended lower by almost 2% Wednesday (May 31) as investors responded negatively the Company’s performance in the quarter ended March 31, 2017, where the gold producer reported net profit of US$1.5 million, crashed by 78% from the...
Nursalim’s Business and KPK’s Investigation
Some people speculated whether tycoon Sjamsul Nursalim would sell some of his assets to settle once for all the long disputed obligations surrounding the closure of BDNI almost two decades ago, especially after the Corruption Eradication Commission (KPK) naming...Comments on the Newly-Appointed SKK Migas Deputy Chief Sukandar
Minister of Energy and Mineral Resources (ESDM) Ignasius Jonan made Sukandar the new deputy chief of the Special Task Force for Upstream Oil and Gas Business Activities on Friday May 26. Sukandar replaces M.I. Zikrullah. He was one of the candidates to replace the...