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Oil Stays Below $92, Coal Shares Lost Steam

Oil Stays Below $92, Coal Shares Lost Steam 

JAKARTA, Indonesia Today - Coal-related shares retreated in the region this morning, after substantial rebound on Tuesday, as Nymex crude…

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CPO Slips, Dragging Down Plantation Shares

CPO Slips, Dragging Down Plantation Shares 

JAKARTA, Indonesia Today - Plantation shares slip again in the region this morning to tracking the downfall of crude palm…

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Royal Oak Seeking Rp500 Billion Loan

Royal Oak Seeking Rp500 Billion Loan 

JAKARTA, Indonesia Today - PT Royal Oak Development Asia Tbk (RODA) is now seeking bank loan amounting Rp500 billion for…

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Banyu Urip Field Starts Oil Production in May 2014

Banyu Urip Field Starts Oil Production in May 2014 

JAKARTA, Indonesia Today - The Upstream Oil and Gas Regulatory Body (BPMIGAS) is confident that Banyu Urip project in the…

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ENRG's Tonga Block Commences Oil Production

ENRG's Tonga Block Commences Oil Production  

JAKARTA, Indonesia Today - Tonga block PSC, controlled by Energi Mega Persada (ENRG), has commenced oil production at capacity of…

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Energi Mineral Langgeng Urged to Stop Exploration in Tanjung Village

Energi Mineral Langgeng Urged to Stop Exploration in Tanjung Village 

SUMENEP, Indonesia Today - Hundreds of Sumenep residents, East Java force PT Energi Mineral Langgeng (EML) to stop its exploration…

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State Officers Likely to Welcome Lady Gaga, FPI Threaten to Dissolve Concert

State Officers Likely to Welcome Lady Gaga, FPI Threaten to Dissolve Concert 

JAKARTA, Indonesia Today – State Officers are likelihood to welcome international superstar Lady Gaga to perform at Gelora Bung Karno…

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First Lady Downplays Ideas to Be 2014 President Candidate

First Lady Downplays Ideas to Be 2014 President Candidate 

JAKARTA, Indonesia Today – First Lady Ani Yudhoyono plays down the ideas of her presidential candidacy in 2014 Election currently…

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Multipolar Expands in Direct Broadcast Satellite Business

Multipolar Expands in Direct Broadcast Satellite Business 

JAKARTA, Indonesia Today - PT Multipolar Tbk has acquired 85% shares of PT Tecnoves International as part of its expansion…

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Delta Dunia Coal Output Down 2%

Delta Dunia Coal Output Down 2% 

JAKARTA, Indonesia Today - PT Bukit Makmur Mandiri Utama (BUMA), mining contractor unit of PT Delta Dunia Makmur Tbk (DOID),…

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UNTR Coal Sales Jumps 37%

UNTR Coal Sales Jumps 37% 

JAKARTA, Indonesia Today - PT United Tractors Tbk (UNTR)’s coal sales in the first four months of 2012 jumped 37.3%…

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Overseas Travel Ban Imposed on Dutasari Director in Hambalang Graft Case

Overseas Travel Ban Imposed on Dutasari Director in Hambalang Graft Case 

JAKARTA, Indonesia Today - The Corruption Eradication Commission (KPK) files an overseas travel ban to Immigration Directorate General against Mahfud…

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Latest News

BSM Q1 Profit Jumps 42.87%

  JAKARTA, Indonesia Today - PT Bank Syariah Mandiri (BSM) posted net profit of Rp192.72 billion in the first quarter (Q1) of ...

Banking | Wednesday, 23 May 2012

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OCBC NISP to Acquire Multifinance Company

  JAKARTA, Indonesia Today - PT Bank OCBC NISP Tbk (NISP) plans to acquire multifinance company, focusing on heavy equipment or aut...

Banking | Wednesday, 23 May 2012

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Samudera Indonesia Proposes Rp292 Billion Debt Extension

  JAKARTA, Indonesia Today - PT Samudera Indonesia Tbk (SMDR) proposes to extend the payment of debt totaling Rp292.05 billion, Bisnis Ind...

Transportation | Wednesday, 23 May 2012

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Bank Papua Q1 Profit Rp101.79 Billion

JAKARTA, Indonesia Today - PT Bank Pembangunan Daerah Papua (Bank Papua) booked profit after tax of Rp101.79 billion in the ...

Banking | Wednesday, 23 May 2012

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Naga Selatan-1 Drilling Reaches 84% Total Depth

MELBOURNE, Indonesia Today - Cue Energy Resources Ltd says the drilling in the Naga Selatan-1, East Kalimantan well has reached 84...

Energy | Wednesday, 23 May 2012

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SGX offers MSCI Indonesia Futures from 11 June

SINGAPORE, Indonesia Today - Singapore Exchange’s (SGX) MSCI Indonesia Index Futures will begin trading from 11 June ...

Stocks | Tuesday, 22 May 2012

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Bank Permata Sets Bond Coupon at 8.5-9.5%

JAKARTA, Indonesia Today - PT Bank Permata Tbk (BNLI) has set indicative coupon of between 8.50% to 9.50% for its ...

Bonds | Tuesday, 22 May 2012

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Three Trucks of PTPN II Burnt Down Following Clash with Local People

DELI SERDANG,  Indonesia Today - Local people have burnt down three unit trucks of State plantation company PT Perkebunan Nusantara ...

Dispute | Tuesday, 22 May 2012

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Multipolar Controls 10.59% Stake in Bank Nobu

JAKARTA, Indonesia Today - Lippo Group’s service and trading company, PT Multipolar Tbk (MLPL) invests Rp43.73 billion in PT Nationalnobu ...

Banking | Tuesday, 22 May 2012

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IDX Gains 1.19% on Regional and Wall Street Rebounds

JAKARTA, Indonesia Today - Composite index of the Indonesia Stock Exchange (IDX) gained 1.19% to 3,986.90 this morning following the re...

Stocks | Tuesday, 22 May 2012

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Fitch Affirms Bank Riau Kepri at 'A(idn)'

JAKARTA, Indonesia Today - Fitch Ratings has affirmed PT Bank Pembangunan Daerah Riau Kepri's (Bank Riau Kepri) National Long-Term Rating at...

Banking | Monday, 21 May 2012

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Fitch Upgrades BPD Maluku to 'A(idn)'

JAKARTA, Indonesia Today - Fitch Ratings has today upgraded PT Bank Pembangunan Daerah Maluku's (Bank Maluku) National Long-Term Rating and se...

Banking | Monday, 21 May 2012

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Astra Sedaya Financing Likely to Go Up to $200 Million

JAKARTA, Indonesia Today - The US$120 million three-year term loan for Astra Sedaya Finance is oversubscribed and may be increased to...

Banking | Monday, 21 May 2012

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Templeton's Investment in Indonesia Declines to 5% in April

FLORIDA, Indonesia Today - Templeton Global Income Fund invested 5% of its total net assets in Indonesia as of April 30...

Stocks | Monday, 21 May 2012

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Pratt & Whitney Canada Signs 5-Year Service Agreement with Pacific Royale Airways

MINNESOTA, Indonesia Today - Pratt & Whitney Canada SEA (P&WC SEA), located in Singapore, has signed a five-year Maintenance, Repair an...

Transportation | Monday, 21 May 2012

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Nomura Research Establishes Representative Office in Jakarta

TOKYO, Indonesia Today - Nomura Research Institute Ltd. (NRI), a leading provider of consulting services and system solutions, today announces th...

Internet | Monday, 21 May 2012

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Omedia Again Extends Megapower Acquisition

KUALA LUMPUR, Indonesia Today - Oriented Media Group Berhad (Omedia) extends its proposed acquisition of 85% equity interest in PT Me...

Energy | Monday, 21 May 2012

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Interra's Goldpetrol Commences Drilling in Myanmar

SINGAPORE, Indonesia Today - Interra Resources Limited, a company controlled by Indonesian tycoon Edwin Soeryadjaya, announces today that its jointly co...

Energy | Monday, 21 May 2012

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JSW Steel Production Grows 10% in April

SINGAPORE, Indonesia Today - JSW Steel Limited reported monthly crude steel production of 7.15 lacs tons for April 2012, with a ...

Steel | Monday, 21 May 2012

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Tunas Ridean to Acquire Izusu Distributor

JAKARTA, Indonesia Today - Car distributor and dealer PT Tunas Ridean Tbk (TURI) and its unit PT Tunas Mobilindo Parama pl...

Automotive | Monday, 21 May 2012

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Surya Toto to Build Sanitary Factory This Year

JAKARTA, Indonesia Today - Sanitary and plumbing company PT Surya Toto Indonesia Tbk (TOTO) intends to build new sanitary factory in...

Stocks | Monday, 21 May 2012

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Zebra NUsantara to Acquire CNG Distributor

  JAKARTA, Indonesia Today - Transportation company PT Zebra Nusantara Tbk (ZBRA) plans to acquire a company, distributor of compressed natural gas...

Transportation | Monday, 21 May 2012

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Mother of Hidayat Nur Wahid Passes Away

JAKARTA, Indonesia Today – Siti Rahayu, mother of Hidayat Nur Wahid, Jakarta governor candidate from the Prosperous Justice Party (PKS), ha...

People | Monday, 21 May 2012

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Bank Riau Kepri Books Rp64 Billion Profit in Q1

JAKARTA, Indonesia Today - Regional development bank PT Bank Riau Kepri reported profit after tax of Rp63.89 billion in the fi...

Banking | Monday, 21 May 2012

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Local Fishermen Claim Pacific Explorer Used Guns to Scare Them Off

Theindonesiatoday.com - Crew of MV Pacific Explorer, a vessel hired by MEO Australia Ltd to commence seismic activity at the Seruway PSC, has reportedly used guns to force Kuala Bugak fishermen away from the seismic activity area.

Quoting reports from local newspaper Sumut Pos, around four fishermen's vessels, namely KM Rahmat, KM Ulee Keude, KM Hikmat, and KM Tunas Baru, were intended to go fishing on Eastern Aceh Sea. When putting their trawls, the MV Pacific Explorer crews approached them and asked them not to go on fishing in the area and take their trawl back.

When taking the trawl back, which costs time a bit, the crews reportedly got impatient and shot three times to the air. After the shots, the MV Pacific vessel approached the fishermen and gave several brochures stating the vessel was conducting seismic survey and asked the fishermen not to get close.

The fishermen, which came from Eastern Aceh area, said they are traumatic following the shots and were scared to go fishing. They consider the seismic vessel has disturbed their economic activity and intend to ask for loss compensation.

MEO Australia Ltd, an Australian company which controls the Seruway PSC, has commenced the acquisition of 705km2 3D seismic data over the Ibu Horst area of the Seruway PSC, North Sumatera.

The seismic vessel MV Pacific Explorer, owned by PT PGS Nusantara, has completed the safe deployment of 8 streamers and has commenced field data acquisition. The program is expected to be completed in 30 days.

The acquisition of this survey will fulfill the 2011 work program commitment and is expected to generate several drillable prospects as potential candidates for the commitment well due by the end of 2012.

The Seruway PSC currently covers an area of 3.635 Km and contains two significant gas discoveries in Gurame and Kuala Langsa together with a number additional exploration and appraisal opportunities. (bintang@theindonesiatoday.com)

 


More articles :

» Horas Deposits Boost Martabe Project

Theindonesiatoday.com - G-Resources Group Limited reports additional JORC compliant resource for the Horas Deposit on Martabe Project, North Sumatera, containing an estimated 400,000 ounces of gold and 880,000 ounces of silver.

» Geopower Indonesia Eyes 3 Geothermal Projects

Theindonesiatoday.com - PT Geopower Indonesia, a subsidiary of ASX-listed Greenearth Energy Ltd (GER), is considering three geothermal project opportunities.

» DPR Seeking Palace Support for Newmont Buyout

Theindonesiatoday.com - Commission XI of House of Representatives (DPR) will send letter to president demanding ministry of finance to obey the audit result of Supreme Audit Board (BPK) on investment in PT Newmont Nusa Tenggara.

» Oil Hovers Around $101, Coal Stocks Under Pressure

Theindonesiatoday.com - Coal stocks are mostly under pressures worldwide even though Nymex crude oil returned to above US$101 per barrel.

» BII to Raise Capital Next Year

Theindonesiatoday.com - PT Bank Internasional Indonesia Tbk (BNII) plans to seriously study to raise capital next year for maintaining the level of its adequacy capital ratio (CAR), Investor Daily reported this morning.

» Madura's ENC-1 Well Construction Kicked Off

MADURA, Indonesia Today - PT Energi Mineral Langgeng (EML), a company controlled by Luhut B Pandjaitan, kicks off the ENC-1 well construction & drilling in the South East Madura Block, Sumenep Regency, Madura.

» Asian Stocks Mostly Return to Red Zone

Theindonesiatoday.com - Asian stock markets opened mostly in red this morning, but in narrow range.

» Retailers Not Affected by Market Volatility

Theindonesiatoday.com - Financial crisis brings no significant impact on the performance of Indonesian retailers, Juliana Samudro, Director of Corporate Services of PT Trikomsel Oke Tbk (TRIO) claimed.

» Reignwood Pledges More ENRG Shares to Siam Bank

Theindonesiatoday.com - Reignwood International Investment (Group) Company Ltd has pledged additional 28 million shares of PT Energi Mega Persada (ENRG) Tbk to The Siam Commercial Bank Plc, Hong Kong branch.

» Bank Danamon Reports Flat Profit Growth in H1

Theindonesiatoday.com - PT Bank Danamon Indonesia Tbk (BDMN) posted profit after tax of Rp1.47 trillion in the first half (H1) of 2011, increased 3% compared to Rp1.43 trillion in the corresponding period of 2010.

» Prudential Indonesia Books Rp2.34 Trillion Profit in 2010

Theindonesiatoday.com - PT Prudential Life Assurance (Prudential Indonesia) posted profit after tax of Rp2.34 trillion last year, increased 45% from Rp1.61 trillion in previous year.

» Summarecon Expects 20% Growth in Revenue This Year

Theindonesiatoday.com - Property developer PT Summarecon Agung Tbk (SMRA) expects revenue to grow 20% to Rp2.4 trillion this year, compared to Rp2 trillion targeted for last year, Bisnis Indonesia reported this morning.

» COSCO Secures $25.85 Million Contract

Theindonesiatoday.com - COSCO Corporation announces today that its subsidiary COSCO (Zhoushan) Shipyard Co. Ltd. has secured a contract valued at US$25.85 million from a South East Asian company to build one (1) Semi-Submersible Barge.

» Adaro Acquires Servo Meda for Rp200 Billion

Theindonesiatoday.com - PT Alam Tri Abadi (ATA), a subsidiary of Adaro Energy (ADRO), has on October 10 signed a deed of transfer shares to acquire a 35% interest in PT Servo Meda Sejahtera (SMS) for Rp200 billion from PT Servo Infrastruktur (SI).

» IDX Drops Almost 5% to Below 4,000 Point

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange dropped 4.82% at 3,926.06 at the opening this morning, the biggest steep fall among regional markets.

 

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