2015-01-23: WRTG: NYMEX Light Sweet Crude: $46.31 (-1.47)
2015-01-23: WRTG: ICE Brent: $48.52 (-0.51)
2015-01-23: WRTG: RBOB Gasoline NY Harbor: $1.3308 (0.0053)
2015-01-23: WRTG: Heating Oil NY Harbor: $1.6379 (-0.0085)
2015-01-23: WRTG: NYMEX Natural Gas: $2.835 (-0.139)
2015-01-22: OPEC: Daily Basket Price: $43.05
Jum'at, 30 Januari 2015

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ELECTRICITY

Government Extends PTFI Export Permit

MINGGU, 25 JANUARI 2015

Government Extends PTFI Export PermitJAKARTA - The Government of the Republic of Indonesia has extended the copper concentrate export permit for PT Freeport Indonesia (PTFI) for the next 6 months. The export permit will be evaluated and if PTFI willing to secure its export, the commitment as agreed on the Memorandum of Understanding (M...
 

OIL AND GAS

17 Oil and Gas Contracts Will Terminate up to 2019

RABU, 21 JANUARI 2015

JAKARTA –  There are 17 oil and gas contract of works will terminate from 2015 to 2019.  One block, Gebang Block will terminate in 2015 while the remaining, among others widely discussed Mahakam Block, will terminate in 2017. Government will first offer the terminated blocks to the  state owned...
 

GENERAL

Soft Launching a 2050 Calculator for Indonesia

RABU, 24 DESEMBER 2014

Soft Launching a 2050 Calculator for IndonesiaJAKARTA - The increasing emission of greenhouse gas will make  the earth in real trouble if no action is taken to mitigate the impact. Indonesia has a plan to reduce its GHG emission by 26% in 2020 from various activities such as forestry, peat, and energy sectors. In an effort to familiarize the d...
 

OIL AND GAS

Pertamina shall be ready to produce more RON 92 fuel

SENIN, 22 DESEMBER 2014

Pertamina shall be ready to produce more RON 92 fuelJAKARTA - Indonesia needs to gradually switch the use of subsidized RON 88 fuel to RON 92 fuel and for gasoil from 0.35% sulphur content to 0.25% sulphur content. RON 92 is relatively easy to be found in the regional market as there are  many suppliers when compared to RON 88 fuel.  The change to ...
 

ELECTRICITY

Electricity Crisis Mitigation Needs Collective Action

KAMIS, 18 DESEMBER 2014

Electricity Crisis Mitigation Needs Collective ActionJAKARTA - Indonesia experiences high electricity growth at around 7-8 percent in the last couple of years. The growth was attributable to the increasing population and the steady economic growth. At the same time, the generation capacity, transmission and distribution  expansion were far below the ...
 

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