The president went on to invite Exxon to invest in renewable energy and infrastructure, including for the new planned capital, Nusantara.
Once the partners reach a final investment decision (FID), it would take around three years to reach first gas.
Jokowi noted interest in investing in Kenya’s energy sector – and asked for support from the government to speed up the move.
The transaction will increase Maurel’s production to 67,800 boepd, it reported, of which 56,500 bpd will be in Gabon. The deal will also see Maurel take over a midstream network and the Gamba oil terminal.
"The decision to sell our participation in the Masela PSC is in line with our focus on disciplined capital allocation,” said Zoë Yujnovich, Shell’s Integrated Gas and Upstream Director.
The PSC was signed under the 2019 hydrocarbons law. Sonatrach has signed three other such deals, S&P Global has said, with Eni, Sinopec and a consortium of Occidental, Eni and TotalEnergies.
Five people were injured after an explosion at a refinery run by Indonesian state oil company Pertamina, the company’s third incident in recent weeks.
Spanish oil and gas company Repsol (BME:REP) is waiting for the issuance of an Indonesian presidential regulation and the derivative regulations to progress its proposed carbon capture and storage (CCS) project in Sakakemang block, onshore South Sumatra, in Indonesia.
Will 2023 see the majors, including ExxonMobil, Chevron, Shell, BP, ConocoPhillips, TotalEnergies, and Eni, divest upstream oil and gas assets in Southeast Asia?
One worker was killed in a work-related accident at the Rokan Block in Indonesia, operated by national oil company Pertamina. A subsidiary of the NOC, Pertamina Hulu Rokan (PHR), is aggressively trying to boost output at Indonesia’s second-largest oil producing block after taking over from previous operator Chevron in August 2021.
Indonesia has approved a revised plan of development for Eni’s (MIL:ENI) Merakes and Merakes East gas fields with a total investment of $3.35 billion.
Inpex, Japan's biggest oil and natural gas explorer, plans to accelerate its expansion of production and sales of liquefied natural gas (LNG) as it expects the LNG market will remain tight in the mid-term.
Indonesia’s state-backed energy company Pertamina aims to work with Japan’s Mitsui to undertake a joint study for carbon capture utilisation and storage (CCUS) technology at the firm’s upstream assets in central Sumatra.
Indonesia, home to the world’s largest geothermal energy potential, is opening tenders seeking investors to develop this giant resource, as it aims to expand the use of renewable energy to meet its net zero goals.
Indonesia’s state-backed energy company Pertamina has started official negotiations with Shell (LON:SHEL) to acquire the Anglo-Dutch supermajor’s 35% share of the undeveloped Abadi LNG project in the Masela Block offshore Indonesia.
Indonesia plans to launch initial public offerings (IPOs) for the upstream and geothermal units of state-backed energy company Pertamina next year to fund expansion, a senior government official told parliament on Wednesday.
Russia’s Zarubezhneft is interested to bid for the giant East Natuna gas Block offshore Indonesia, according to upstream regulator SKK Migas, when the area is auctioned next year.
The government of Indonesia is reviewing plans to again auction the giant East Natuna Block offshore Indonesia as carbon capture and storage (CCS) technology opens up the development potential of the carbon dioxide (CO2) intense field, according to Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif.
Indonesia’s Pertamina has reportedly successfully decommissioned the Southeast Asian country’s first offshore oil and gas platform in partnership with South Korean companies, according to upstream regulator SKK Migas.
Japanese trading house Mitsui is seeking carbon storage sites across Asia Pacific as it aims to sequester 15 million tonnes per year by 2035 for companies in Japan.
Malaysia’s Petronas is the latest company tipped to be interested in acquiring a stake in the proposed Abadi liquefied natural gas (LNG) project in the Masela Block offshore Indonesia that is led by Japan’s Inpex (TYO:1605)
Aramco and Indonesia’s Pertamina have announced they are exploring collaboration across the hydrogen and ammonia value chain in Southeast Asia's largest economy.
ExxonMobil and Pertamina, the state-owned energy company for Indonesia, have signed a heads of agreement at the G20 Summit in Bali to further progress their previously announced regional carbon capture and storage (CCS) hub for domestic and international carbon dioxide (CO2).
Three of East Asia’s leading energy and infrastructure groups have signed a new agreement to explore the development of green hydrogen and ammonia projects in Indonesia.
Indonesia is setting a three-year deadline for all state-owned companies to use only electric vehicles as part of its goal of reaching net zero emissions by 2060.