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BSM Q1 Profit Jumps 42.87%

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)…

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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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Latest News

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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Bank Sulselbar Books Rp68 Billion Profit in Q1

JAKARTA, Indonesia Today - Regional development bank PT Bank Sulawesi Selatan dan Barat (Sulselbar), formerly PT Bank Sulsel, posted consolidated pr...

Banking | Monday, 21 May 2012

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BCA Targets Rp4 Trillion Loan for Infrastructure

JAKARTA, Indonesia Today - PT Bank Central Asia (BCA) Tbk (BBCA) targets to loan Rp3-4 trillion for infrastructure sector in ...

Banking | Sunday, 20 May 2012

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BI Rules on Rewards Restriction and Individual Ownership in Banks

JAKARTA, Indonesia Today - Central bank Bank Indonesia (BI) releases policy direction for conventional banking this year, including the restriction ...

Banking | Sunday, 20 May 2012

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Latest News:

Resources

Kondur Petroleum SA, a subsidiary of Bakrie’s Energi Mega Persada, has signed gas purchase agreement with Joint Operated Company (JOB) PT Bumi Siak Pusako (BSP)- Pertamina Hulu Energi, Investor Daily reported on Thursday.
Manager Communication Kundir Dahrul Hidayat said that the purchase agreement includes gas sale from Kuat field in Malacca Strait to the exploration block owned by BSP-Pertamina Hulu Energi in Riau.
 
The gas planned to be distributed through pipes of 26km, where 6km between them lies beneath sea. At present, Malacca Strait Block is able to produce around 7,500 barrels of oil per day (bopd).
 
“The purchase agreement includes gas distribution of 9 million mmscfd or 1,500 BOEPD, starts from mid-2012 to 2020 with total gas of 25,000 billion british thermal unit (bbtu),” Dahrul said.
 
Dahrul said the gas will be used as fuel for power plant of 30 MW at Riau. The electricity will be used for electric motor resource which will power the pumps at BOB’s oil well.

More articles :

» Swiber & Kreuz Secure Indonesia-Related Oil-Gas Projects

Theindonesiatoday.com - Kreuz Holdings Limited, a sub-sea service provider for the oil and gas industry, has secured contract wins for various works to be performed in Indonesia and Thailand.

» KEPCO to Develop Indonesian Marginal Fields

Theindonesiatoday.com - South Korean energy company Korea Electric Power Corporation (KEPCO) has expressed its interest to develop marginal oil and gas fields in Indonesia.

» Gas to Replace Diesel for Tambak Lorok Power Plant in 2013

Theindonesiatoday.com - PT Perusahaan Listrik Negara (PLN) will start using natural gas to feed Tambak Lorok power plant in Central Java by 2013 replacing high-speed diesel (HSD) oil.

» TPPI to Settle $375 Million Debt to Pertamina Within 2 Months

Theindonesiatoday.com - Aromatics company PT Trans Pasific Petrochemical Indotama (TPPI) and state oil and gas company PT Pertamina had signed US$375 million debt settlement agreement. Based on the agreement, TPPI will settle the debt payment...

» Nazaruddin, Wife A No-Show for KPK Questioning

Theindonesiatoday.com - Former treasurer of Demokrat Party Muhammad Nazaruddin and his wife Neneng Sri Wahyuni didn't show up at the Corruption Eradication Commission (KPK) today.

» Huaneng Reports Strong Q1 Growth

Theindonesiatoday.com - Huaneng Power International Inc reported power generation of 75.43 billion kWh in the first quarter of 2011, representing an increase of 28.77% over the same period last year.

» Saratoga Acquires Medco Power for $112 Million

Theindonesiatoday.com - PT Saratoga Power has acquired 51% stake in PT Medco Power Indonesia (MPI), unit of Oil and gas producer, PT Medco Energi International Tbk (MEDC), for US$112 million, Bisnis.com reported.

» Ocean General Rig Moved to Tuna PSC

Theindonesiatoday.com - Premier Oil Plc said the Ocean General drilling rig moves to Indonesia to drill two exploration wells on the Tuna PSC.

» Oil Production Drops 14% Annually

Theindonesiatoday.com - Upstream Oil and Gas regulatory Body (BPMigas) stated Indonesian oil production drops 14% per annum due to natural decline of output from old wells.

» Govt Expects East Natuna PSC Completed This Month

Theindonesiatoday.com - Government expects production sharing contract (PSC) for East Natuna Block (previously Natuna D-Alpha) can be signed end of this month with Pertamina-led consortium. 

» IDX Opens Down Following Regional, Wall Street

Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) opened down 0.39% at 3,822.16 this morning in line with regional markets.

» Astra Agro CPO Production Grows 6.4% in January

JAKARTA, Indonesia Today - Palm oil producer PT Astra Agro Lestari Tbk (AALI) produced 98,042 tons of crude palm oil (CPO) in January 2012, increased 6.4% compared to 92.116 tons in the same period last year. 

» Oil Price Rises, Energy Stocks Gain

Theindonesiatoday.com - Energy prices advanced in the region. Nymex Crude Oil was at USD 91.80 per bbl in Asian trading Thursday, rose 1.60% from previous settlement, while the Natural Gas slipped 0.08% to USD 3.59 per MMBtu.

» IDX Turns to Flat at Morning Close

 Theindonesiatoday.com - Composite index of the Indonesia Stock Exchange (IDX) closed morning trade flat at 3,684.88 after falling at the opening. Most regional markets were in red zones but some regained grounds such as Singapora stock market.

» Huaneng Power Reports 0.97% Growth in Q1

HONG KONG, Indonesia Today - Huaneng Power International Inc, one of the largest power generation companies in China, reported 0.97% growth of power generation in China for the first quarter of 2012.

 

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