ExxonMobil is focusing on developing a carbon capture and storage (CCS) business in Southeast Asia. Meanwhile, the Indonesian government has mapped six locations suitable for CCS and carbon capture, utilization, and storage (CCUS) projects.
To encourage natural gas development, the government is offering easier business processes and supporting facilities for investors, ranging from regulations, permits, to fiscal incentives.
As of October 14, Indonesia’s COVID-19 tally in the last 24 hours went up by 1,053 to 4,232,099 cases.
Aquadrill has reached an agreement to provide a drillship for Premier Oil Andaman Limited and Repsol Andaman B.V., operators of Andaman II and Andaman III blocks.
Several corporations recorded excellent performances this year through the third quarter.
The Capital City Bill states that the capital city relocation to East Kalimantan will take place in the first half of 2024.
President Joko Widodo inaugurates the Wae Kelambu Multipurpose Terminal at Labuan Bajo Port, integrating logistics and tourist centers.
Property giant Agung Sedayu is expected to target capital market liquidity after acquiring an 80 percent stake in PT Pratama Abadi Nusa Industri Tbk (PANI).
Capital Financial Group business entity, Capital Life Syariah, bought a 5.3 percent stake in PT Bank Aladin. Bank Capital-Bank Aladin consolidation may attract strategic investors.
The government shortened the quarantine period for people from abroad to five days, increasing risks amid the threat of third COVID-19 pandemic waves.