Below is a list with tagged columns and company profiles.

Today's Headlines Oil

  • What Are the Biggest Oil & Gas Companies in Indonesia?

    What Are the Biggest Oil & Gas Companies in Indonesia?

    Indonesia's national crude oil output remains dominated by a select group of companies. The five biggest oil producers in Indonesia - who together account for 73.34 percent of the nation's total oil production - are Chevron Pacific Indonesia, ExxonMobil, Pertamina EP, Pertamina Hulu Mahakam, and the China National Offshore Oil Corporation (CNOOC).

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  • Oil & Gas Industry Indonesia: Investment in Exploration Needed

    Oil & Gas Industry Indonesia: Investment in Exploration Needed

    SKK Migas, the government's special taskforce for upstream oil and gas business activities in Indonesia, said direct investment in the country's upstream oil and gas sector reached USD $1.8 billion by the end of February 2018 (equivalent to around 13.84 percent of SKK Migas' full-year 2018 investment target in the country's oil and gas sector).

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  • Oil & Gas Sector: Indonesia to Revise Gross Split Scheme Soon

    Oil & Gas Sector: Indonesia to Revise Gross Split Scheme Soon

    Indonesia's Energy and Mineral Resources Ministry will revise Energy Regulation No. 8/2017 on the gross split scheme. It was decided to revise this relatively new regulation after an evaluation was conducted that included input from oil and gas contractors. Deputy Energy Minister Arcandra Tahar announced the revision earlier this week.

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  • Oil & Gas Indonesia: High Hopes for the Banyu Urip Field

    Oil & Gas Indonesia: High Hopes for the Banyu Urip Field

    Indonesian Energy and Mineral Resources Minister Ignatius Jonan hopes to see oil production at the Banyu Urip Field, part of the Cepu Block in East Java, rise to 300,000 barrels per day (bpd), a development that would also trigger the multiplier effect for the region, he added. The Banyu Urip Field is the key oil field in Indonesia as it accounts for about 25 percent of Indonesia's total crude oil output.

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  • Commodity Watch Indonesia: Coal & Crude Oil

    Commodity Watch Indonesia: Coal & Crude Oil

    The price of coal rose at the end of trading on Wednesday (26/07) in line with strengthening crude oil prices. Coal futures (January 2018 contracts, the most-active contract on the Rotterdam commodities exchange), finished 0.03 percent higher at USD $73.15 per metric ton. Hence, coal extended its rise after a 1.04 percent increase on the previous trading day (25/07).

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  • Commodity Watch Indonesia: Rubber & Crude Oil

    Commodity Watch Indonesia: Rubber & Crude Oil

    Rubber prices rose on Wednesday morning (26/07) as the Japanese yen weakened against the US dollar. The price of rubber (December 2017 delivery, the most-active contract on the Tokyo Commodity Exchange, or Tocom), had gained 1.04 percent, or 2.2 points, to 213.70 yen per kilogram (kg) by 10:26 am local Jakarta time, after opening sideways at the level of 211.50 yen per kg. Yesterday, rubber prices climbed 1.05 percent.

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  • Commodity Watch Indonesia: Natural Rubber in Demand as Oil Rises

    Commodity Watch Indonesia: Natural Rubber in Demand as Oil Rises

    The price of rubber rebounded on Tuesday morning (25/07), in line with the strengthening of crude oil prices. The rubber price (December 2017 delivery, the most-active contract on the Tokyo Commodity Exchange), had risen 2.05 percent to 213.60 yen per kilogram (kg) by 10:05 am local Jakarta time, while earlier this morning, rubber prices had in fact fallen 0.62 percent directly after the opening of trade.

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  • Commodity Watch Indonesia: Coal & Crude Oil

    Commodity Watch Indonesia: Coal & Crude Oil

    The coal price weakened at the end of trading on Monday (24/07). Coal futures (January 2018 contracts, the most active contract on the Rotterdam commodities exchange), fell 1.84 percent to USD $72.38 per metric ton on Monday, reversing from their performance on the preceding trading session (Friday 21/07) when coal prices rose 0.45 percent to USD $73.74 per metric ton.

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  • Commodity Price Watch Indonesia: Rubber, Crude Oil & Coal

    Commodity Price Watch Indonesia: Rubber, Crude Oil & Coal

    Rubber prices tumbled about 2 percent in early trading on Friday (21/07) after surging 4 percent in the previous trading session. The price of rubber for December 2017 delivery, the most active contract on the Tokyo Commodity Exchange (Tocom), tumbled 1.99 percent (or 4.30 points) to 211.90 yen per kilogram at 07:40 am local Jakarta time. Ahead of this tumble, there occurred a rubber price rally as most farmers held back their rubber stock sales following expectations of higher prices.

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  • Oil & Gas Sector Indonesia: What Explains Weak Oil & Gas Exploration?

    Oil & Gas Sector Indonesia: What Explains Weak Oil & Gas Exploration?

    The upstream oil and gas industry of Indonesia is plagued by companies' lack of interest in exploration amid low crude oil prices, their eagerness to focus on efficiency strategies, and Indonesia's difficult investment climate. At the 41st Indonesian Petroleum Association Convention and Exhibition in the Jakarta Convention Center on Wednesday (17/05) Christina Verchere, President Director of the Indonesia Petroleum Association (IPA), said low oil prices have been the main reason for reduced investment in oil and gas exploration since 2014.

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Latest Columns Oil

  • Indonesian Government Prepares Seven Incentives to Spur Investments

    The government of Indonesia is busy preparing seven tax incentives to boost investment flows in 2014. Investments currently account for approximately 32 percent of the country's gross domestic product (GDP). Only domestic consumption owns a larger stake towards the economy with 55 percent. The regulatory framework related to the seven incentives is expected to be finalized by the end of this year. The incentives consist of five new ones and the relaxation of two older incentives, namely the tax holiday and tax allowance.

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  • Weakening Rupiah due to Indonesia's Fundamentals and Profit Taking

    Weakening Indonesian Rupiah IDR Indonesia Investments

    The Indonesian rupiah (IDR) is experiencing one of its worst losing streaks in a decade. On Friday (19/07), the currency weakened to IDR 10,070 against the US dollar, which implies a devaluation of 4.14% in 2013 so far. The central bank of Indonesia, Bank Indonesia, does all it can to support the currency: the country's lender of last resort supplies dollars to the market triggering the reduction of foreign reserves from USD $105 million at end-May to $98 million at end-June, and raised its benchmark interest rate (BI Rate) by 50 bps to 6.50%.

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  • Indonesia Plagued by Capital Outflows as Investors Leave Emerging Markets

    After several years of significant foreign capital inflows into Indonesia, a sharp contrast has been visible in recent weeks. Global panic that followed in the days after Ben Bernanke announced that the Federal Reserve intends to withdraw its quantitative easing program in 2014 (if economic recovery of the USA continues), hit Indonesia hard. It triggered a massive capital outflow from the country's stock exchange (IDX) as well as from government securities (Surat Berharga Negara, or SBN).

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  • The Ongoing Quest for the Reduction in Indonesia's Fuel Subsidy

    Fuel Price Hike Indonesia - Indonesia Investments - Richard van der Schaar

    The heavily subsidized fuel price of Indonesia is likely to be raised next month according to Indonesian media sources. Various high officials, including Economic minister Hatta Rajasa, discussed the possibility to raise the fuel price from IDR 4,500 (USD $0.46) to IDR 6,500 (USD $0.67) per liter starting from May. This increase will only apply to private passenger cars, and not to motorcycles and public transportation. However, president Susilo Bambang Yudhoyono has not made up his mind yet.

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  • Fiscal Incentives to Stimulate Investments in Indonesia's Oil and Gas Exploration

    Fiscal Incentives to Stimulate Investments in Indonesia's Oil and Gas Exploration

    The Indonesian government - through its Energy and Mineral Resources Ministry - has stated to provide fiscal incentives to encourage oil and gas exploration in Indonesia. Indonesia, a former OPEC member, has recorded a declining oil production since the 1990s due to a lack of exploration and investments in this sector. To reverse this situation, the government will provide a number of tax exemptions.

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  • No Pain, No Gain; Will Indonesia's Oil Production Be Back on Track?

    Oil and Gas Production in Indonesia - Indonesia Investments

    This year, Indonesia will have to face declining production numbers in its oil and gas sector. Gas output is assumed to decline by 14.77 percent compared to last year, while oil output will reach similar levels as in 2012, provided that there are no disruptions due to bad weather and leakages (a prerequisite that will be hard to meet).

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