Eni plans to sell its US$1 billion assets in Australia. Medco Energi Internasional has reportedly submitted a bid.
Garuda Indonesia will terminate the contracts of around 700 employees on November 1, 2020. The financial pressure and the impact of the COVID-19 pandemic hit hard the state-owned airline.
Tokopedia has secured US$350 million worth of funding from Temasek Holding and Google, a perfect warm up for the initial public offering (IPO) plan in 2023.
Corporate performance has deteriorated due to pressure from the COVID-19 pandemic.
The regionalization process in Pertamina's Upstream Subholding has consequences of tax liabilities. Reportedly, the value reaches US$2 billion.
PT Pertamina has applied for higher split portions in several work areas they manage to increase oil and gas reserve potentials in the blocks.
Corporate performance in almost all sectors is still under pressure from the COVID-19 pandemic.
Freeport McMoRan Inc has suggested that Freeport Indonesia does not need to build a new smelter and instead, it is better to develop the existing smelter facility.
Repsol SA as the operator of Sakakemang Block can only produce 85 MMscfd of natural gas in the project’s first phase.
The Banyu Urip field, managed by ExxonMobil Cepu Limited, potentially faces a production cut, as PT Pertamina has not absorbed its crude oil.