Oil and Gas Journal
Brent crude oil futures stayed above US$76 per barrel in Asian trading this morning following substantial hike on Tuesday (Jul 7) due to fresh geopolitical tensions in the Middle East. Indonesia, a net importer of oil, however, proceeds with development of two major gas projects to boost energy security.
Oil and Gas Journal
National media reported that state gas distribution and transmission company PT Perusahaan Gas Negara Tbk (PGAS) plans to start developing coal-bed methane (CBM) project in Tanjung Enim, South Sumatra province with estimated potential of 9.7 trillion cubic feet (TCF). Really?
Coal dynamics to watch
Indonesia generated US$13.18 billion of export revenues from coal in the first five months of 2026, inched up 0.23% only from the corresponding period last year despite substantial hike of price in international market.
Agrinas Palma, a giant in the making?
By late 2025, state-owned company PT Agrinas Palma Nusantara (APN) controlled 1.7 million hectares of area, including forest areas seized by Satgas PKH, a task force established by Prabowo administration. Big portion of the areas will be developed into palm oil plantation by cooperatives.
The relaxation window for coal and nickel
Nickel and coal miners are gearing up preparations to best use the window for revision of their work plan and budget (RKAB), which will officially open July 1st. Subject to approval, this will likely drag further down international price of both commodities.
Those continue to expand: Nickel Industries
Shares of Nickel Industries Ltd, which operates mines, RKEF, and HPAL nickel smelters in Indonesia, advanced 0.75% to A$0.94 on the Australia Stock Exchange (ASX) this morning as investors responded positively the company’s framework agreement for a long-term nickel ore mining and HPAL processing.
Ithaca’s acquisition of Vulcan coal mine
Indonesian miner PT Ithaca Resources, linked to President Prabowo Subianto’s six coal concessions in East Kalimantan province, has reportedly agreed to acquire the collapsed Australian coal miner Vitrinite for A$200 million. Vitrinite, which operated the Vulcan coal mine in the Bowen Basin, fell into administration, owing A$400 million to creditors.
Coal oversight won’t ease the cost-of-living crisis
Indonesia’s latest coal blending regulation may appear to be a technical adjustment aimed at improving oversight in the mining sector. Yet its timing raises broader questions about energy security, economic management and the growing pressures facing the country’s middle class.
Coal Journal
Golden Energy Mines (GEMS), subsidiary of Dian Swastatika Sentosa/DSSA (Sinarmas Group), booked net profit of US$79.75 million in the first quarter of 2026, dropped 29% from the corresponding period last year on lower coal sales volume.
Amran’s manoeuvre on palm oil
Minister of agriculture Andi Amran Sulaiman informed President Prabowo on Thursday (Jun 18) about his decision to file a police report against 274 palm oil producers, accusing them of manipulating the price of fresh fruit bunches (FFBs) produced by smallholders.