Indonesia Today by Yosef Ardhi  
About Us
Contact Us
Terms of Access
The Contributors
Gogle Map
Member Area
Please Login
Create New Account


• Soeryadjaya's Lemang Block: Between Ramba & Sugih Energy Oil And Gas

Shares of Ramba Energy Ltd on Singapore Exchange gained by almost 40% in the period of January to early April 2014, but then retreated by almost 20% last week. On Sunday, April 13, Ramba Energy announced completion of independent evaluation of Lemang block, which expects high-case oil and gas peak production estimates of 57,000 barrels of oil per day and 101 MMSCFD of natural gas.

• Arsari Group & Prabowo's Oil-Gas Rhetorics Oil And Gas

Hashim Djojohadikusumo, owner of Arsari Group, used to control South Madura (East Java) and Rombebai oil and gas exploration blocks plus one block in Brunei. Hashim's Nations Petroleum injected these assets into ASX-listed AED Oil Ltd, but then offloaded them in the past few years. What oil and gas assets left at Hashim's Arsari Group?

• Oil & Gas Players in 2013: Medco & Surya Esa Perkasa Oil And Gas

Oil and gas player Medco Energi (MEDC), which had also expanded into coal business, posted net profit of US$36.48 million last year, grew slightly by 5.4% from 2012. Surya Esa Perkasa (ESSA), an LPG producer expanding into ammonia business, meanwhile, posted net profit of US$13.25 million, jumped by 77% from 2012. What's interesting from their financial statements?

• Short-Medium Pressures on PGN Oil And Gas

Shares of Perusahaan Gas Negara (PGAS) opened lower by 2.4% to Rp5175 this morning. While the stock has gained 25.6% from its bottom early this year, PGN is still way below (-20%) its peak last year, while other blue chip stocks have either recovered or surpassed last year's record high. Why PGN missed the train?

• Farm-In/Out of Indonesia Oil-Gas Blocks Oil And Gas

Hess Corporation has completed divestment of its assets in Indonesia to Perusahaan Gas Negara (PGAS) and a consortium of Pertamina & PTTEP. Santos Ltd, meanwhile, is now working on Ande-Ande Lumut field, where it invested A$188 million. Despite administrative issues and growing nationalism, the sector continues to provide some investment opportunities.

• Future of Sengkang Operations: EWC & Local Groups Oil And Gas

Sengkang is located in Wajo Regency, South Sulawesi province. This is where ASX-listed Energy World Corporation (EWC) operates 315-MW gas-fired power plants and is working on mini liquefied natural gas (LNG) project. They are all fed by Sengkang gas field within the Sengkang Contract Area, which is fully controlled by EWC.

• Benakat Integra & Elnusa Shares Oil And Gas

Elnusa (ELSA), an oil and gas supporting services company, booked net profit of Rp238 billion last year, jumped by 86% from 2012 despite 13.9% fall of revenues due to falling seismic activities. What happened with Benakat Integra's investments in Elnusa? What an aggressive investigation into various scandals surrounding SKKMigas and energy ministry means for the company?

• PGN: Performance & Overpriced Acquisitions? Oil And Gas

Gas distribution and transmission company PT Perusahaan Gas Negara (PGAS), which recently aggressive in acquiring oil and gas blocks, booked net profit of US$861 million last year, down slightly by 3.4% from 2012 even though its sales revenue increased by 16.4% to US$3 billion. Has the company paid overtly the acquired oil and gas assets?

• Chevron's IDD Project & SBY's Inner Circle Oil And Gas

Indonesia Deepwater Development (IDD), otherwise known IDD Project, is developed by Chevron and its partners through four production sharing contracts (PSCs): Ganal, Rapak, Makassar Strait, and Muara Bakau. There are five gas fields in the project. The most famous is Gendalo-Gehem. Investigation of various scandals at SKKMigas makes it even more popular. The multi-billion dollar project is not only target for EPC companies, but those looking an entry to become shareholders under the 'national interest' banner.

• Oil and Gas Journal No 03/2014: The Blocks Oil And Gas

Nymex crude oil stays above US$102 per barrel in Asian trading. While the commodity might not return to its peak, the sector is still interesting especially with growing energy consumption in Indonesia. In this issue, we will focus on Triangle's Pase Block, RH Petrogas' West Belida and Papua operations, and Oilex' West Kampar Block.

• Amendment of Oil and Gas Law Oil And Gas

Dito Ganinduto, lawmaker from Golkar Party, said early this week that the House of Representatives (DPR) will accomplish amendment of Law No 22/2001 about oil and gas before their term ends in the coming months. House Commission VII, overseeing energy and mining affairs, has reportedly completed discussion of the draft.

• Kreasindo Resources & People Behind Oil And Gas

PT Kreasindo Resources Indonesia and Iran-based Nakhle Barani Pardis have signed an agreement to build US$3 billion oil refinery in Indonesia, using imported crude oil from Iran as raw material. While we doubt the refinery can be eventually built, given more than 20 refinery projects announced in the past 20 years, but none is built, let's take a look at people behind Kreasindo.

     1  for  50  pages      Next
News Groups
Disputes & Bankruptcy
Stock Market
Company Profile