Coal Journal
Coal price in Newcastle, Australia for August delivery dropped further by 2.14% to US$86.85 per ton for the week ended July 13, 2012 despite almost 1% gain on Friday. In this report: Senamas-Agritrade deal, Shenhua Statistics, and REA Holding's coal in East...
The Race to Control Arun Gas
Arun LNG in Lhokseumawe, Aceh province is Indonesia's first LNG facility. Talking about Arun LNG's future is not only about the LNG plants, but the gas fields supporting the facility. These assets are now target of some business groups, including local administrations...
PSC Renewal: Business & Politics
Regional autonomy, which follows the downfall of Soeharto in 1998, has pushed existing oil and gas contractors (production sharing contracts/PSCs) to face a new reality. For others, this has paved the way for politically-connected farm-in scheme. The precedent was 10%...
Tiga Pilar + Ganda Sitorus =
PT Tiga Pilar Sejahtera Food (AISA) Tbk has just completed the acquisition of oil palm plantation and rice mill from Ganda Sitorus (brother of Martua Sitorus, Wilmar International shareholder) for a combined consideration of Rp1.1 trillion. Ganda will control 14%...
When Aceh Manages Its Own Oil-Gas
Aceh is one of resource-rich provinces in Indonesia, no doubt about that. Oil and gas resources might have depleted, but still big enough to attract investors. Soon, the province might be awarded authority to manage oil and gas resources there through the...
Pase PSC extended due to force majeure?
The Upstream Oil and Gas Regulatory Body (BPMigas) has extended the expiration date of Pase Block production sharing contract in Aceh (previously controlled by ExxonMobil) by 377 days due to implementation of force majeure provisions. How? Triangle Energy (Global)...
Business Groups & Power Plant Projects
Indonesia is set to auction some major coal-fired power plant projects in Java with combined capacity of more than 8,000 MW, despite concerns surrounding the delay in construction of 2×1000 MW project co-owned by Adaro Energy, Itochu, and J-Power. Other than these giant projects, some major business groups are competing in medium size power plant projects.
Selago to build biodiesel in Padang, Supra Mitra in Asahan
Palm oil plantation company PT Selago Makmur Plantation joins the biodiesel frenzy with its plan to build biodiesel plant in Padang, West Sumatra. Meanwhile PT Supra Mitra Abadi, also a palm oil plantation company, plans to build almost similar size of biodiesel plant...
Focus Group Discussion on Biodiesel
Indonesia Today attended a focus group discussion on biodiesel policy organized by Research Ministry on Tuesday with participants from Ministry of Finance, Ministry of Energy & Mineral Resources, Pertamina, and biofuel producers such as Sumi Asih, Indo Biofuels,...
Total extends Apexindo contract for US$146 million
PT Apexindo Pratama Duta Tbk has received a fax of order (FOO) from Total E&P Indonesie as a confirmation on long-term contract extension for Maera (Apexindo's submersible swamp barge offshore rig) for five years valued at US$146 million. Total is the largest gas...