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Indonesia Oil & Gas

 

Eni Suspends SSV Catarina Offshore Drilling Rig

May 15, 2020

Italian oil and gas company Eni has suspended works carried out by the SSV Catarina semi-submersible drilling rig offshore Indonesia.This was revealed by Singapore-based KS Energy, which last year won the contract with Eni, as part of a joint venture with Universal Energy Resources.According to data by VesselsValue, which has yet to take into account the suspension, the ultra-deepwater rig, owned by Brazil's PetroServ…

Conrad: Mako Discovery One of 'Largest Ever' in West Natuna Basin

May 26, 2020

Conrad Petroleum, the operator of the Duyung offshore block in Indonesia containing the Mako gas field, has said that an independent resource audit has shown that  Mako is one of the largest gas fields ever discovered in West Natuna Basin.Following the drilling campaign completed in late 2019…

Indonesia OKs Coro's Duyung PSC Farm-In

May 22, 2020

Southeast Asian focused upstream oil and gas company Coro Energy has received all the necessary approvals by the Indonesian Government and has completed the acquisition of an interest in the Duyung offshore block, containing the Mako gas field…

Indonesia Weighing Subsidy Options for Biodiesel Program

May 13, 2020

The Indonesian government is considering alternate plans to increase subsidies for the country's ambitious biodiesel program after crude oil prices tumbled, a finance ministry official said on Wednesday.A historic crash in oil prices this year…

Indonesia's State Utility Cancels 2 LNG Cargoes from BP's Tangguh

Apr 28, 2020

Indonesia's upstream oil and gas regulator SKK Migas said state power company PT Perusahaan Listrik Negara (PLN) has canceled shipments of liquefied natural gas (LNG) from BP's Tangguh plant.PLN canceled two cargoes, or around 213 billion British thermal unit per day…

Indonesia: Oil and Gas Sector Seeks Travel Ban Exemption

Apr 24, 2020

Indonesia's upstream oil and gas regulator SKK Migas will ask the Transport Ministry to exempt the sector from its ban on air and sea travel to reduce disruptions to drilling operations, an official at the regulator said on Friday.To curb the…

Indonesia Cuts 2020 Oil, Gas Production Outlook

Apr 17, 2020

Indonesia's upstream oil and gas regulator SKK Migas has cut its full-year production outlook for the country, its chairman Dwi Soetjipto told reporters on Thursday, after reporting a drop in oil and gas output in the first quarter.The coronavirus…

Pertamina Buys NWS Condensate at 'Deep Discount'

Apr 08, 2020

Indonesia's state oil and gas company PT Pertamina has bought a cargo of Australian North West Shelf (NWS) condensate at a deep discount of $8 a barrel to dated Brent on a cost-and-freight (CFR) basis, three trade sources told Reuters on Wednesday…

KrisEnergy Sells Indonesia Block to BP

Apr 08, 2020

Southeast Asia-focused oil and gas companyKrisEnergy Ltd. an upstream oil and gas company, has sold its 30.0% interest in the Andaman II block offshore Indonesia to BP.KrisEnergy said that the previously proposed disposal of the block in the Malacca Strait was completed on Wednesday…

Pertamina Q1 Oil Output Slightly Below Target

Apr 06, 2020

Indonesia's state oil and gas company PT Pertamina produced 421,000 barrels of crude oil per day and 2,887 million cubic feet of gas per day (mmscfd) in the first quarter of 2020, it said in a statement on Monday.'Amid work and personnel adjustment due to the COVID-19 pandemic…

KS Drilling Slapped with $24M Claim, Contract Termination after Rig Incident

Mar 27, 2020

Singapore-based drilling contractor KS Drilling has seen its offshore rig contract cancelled, and has been slapped by a $23,5 million claim after its drilling rig in February was involved in an incident offshore Indonesia.The Java Star jack…

Oil Price Crash - Where Does Asia Go from Here?

Mar 17, 2020

Energy companies across the Asia Pacific responding to unprecedented challenges on multiple fronts 2020 has hit us like a fist. Coronavirus is already the most severe shock to hit the world economy since the financial crisis over a decade ago…

Husky Energy Delays Projects, Cuts Upstream Capex by $900M

Mar 13, 2020

Canadian oil and gas company has cut its CAPEX and production guidance for 2020 amid the volatile oil market environment. The cuts will be made in its upstream business with projects put on hold in China, Indonesia, and Canada.The company has slashed its 2020 capital program reduced by $900 million…

Fugro Hired for Abadi Field Survey

Mar 05, 2020

Dutch offshore survey firm Fugro has won what it says is 'a large marine survey contract' with Inpex offshore Indonesia.Fugro has been contracted to carry out geophysical and geotechnical surveys and the associated studies needed to support…

Indonesia's Oil & Gas Output Set for Drop

Feb 24, 2020

Indonesia's oil and gas output is expected to contract for a fourth consecutive year in 2020, as aging fields and delays to new projects keep production levels below government targets, analysts said.The output decline comes as Jakarta proposes…

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Conrad: Mako Discovery One of 'Largest Ever' in West Natuna Basin

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