The Indonesian government intends to ban exports of several mineral commodities, such as tin, bauxite, and copper, in November 2022.
The government needs to review the low industrial gas prices policy by up US$6 per MMBTU for certain industries, as each gas field project has a different economic value.
Freeport Indonesia has allocated an extra US$20 billion for mining development and copper downstream efforts in 2021-2041.
Nestle will focus on coffee plantation investments, particularly in major coffee bean-supplying countries like Indonesia.
Barclays estimates that mergers and acquisitions in the infrastructure sector will continue, particularly in Southeast Asia’s telecommunications sector.
SKK Migas reveals that the US$1.4 billion figure is the amount of money Shell Upstream Overseas Ltd spent in the Masela Block.
SKK Migas has received Petronas' interest in developing East Natuna Block and will immediately bridge talks with Pertamina as the operator.
SKK Migas reveals that the total oil and gas reserve potential of five exploration wells in Indonesia could reach 334 barrels of oil equivalent. One of these wells is Anambas-2x in the Anambas Block, managed by Kufpec.
The total realized investment in the upstream oil and gas sector as of the third quarter of 2022 is US$6.8 billion, or only 51.5 percent of this year's target of US$13.2 billion.
The Ministry of Energy and Mineral Resources determined PT Bumi Pratiwi Hulu Energi the winner of the Bawean Block auction. Bumi Pratiwi Hulu Energi is committed to starting production in the contract's first year.