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Reliance Power set up a coal investment of U.S. $ 5 billion PDF Print E-mail
Tuesday, 24 August 2010 12:27
JAKARTA: Reliance Power Ltd, India's energy company, is ready to realize its investment worth U.S. $ 5 billion for projects to rail transport of coal and develop three regions
coal mine in South Sumatra.

Reliance Power target is able to produce coal with a capacity of 50 million tonnes per annum in the next five years in the three mining areas in South Sumatra.
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Korea Power drill coal mine in Indonesia PDF Print E-mail
Tuesday, 24 August 2010 08:48
JAKARTA: South Korean power company, Korea East-West Power Co. Ltd. (EWP), began to target the Indonesian coal mine land as a form of business expansion, as well as securing fuel supply such companies generating projects.

Executive Auditor EWP Lee Jung-Won revealed until now the company did not have a coal mine in Indonesia. In fact, approximately 40% of the total coal consumption of the company that reached about 64 million tons per year, comes from Indonesia.
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Bakrie Power and EWP viewfinder Bontang Power Plant PDF Print E-mail
Tuesday, 24 August 2010 08:41
JAKARTA: PT Bakrie Power plans to work with Korea East-West Power Co. Ltd. (EWP), the electric company from South Korea, aiming at the development of steam power plant project (power plant), Bontang, East Kalimantan, with a capacity of 2x100 megawatts (MW).

Initially, the two companies will build the Mine Mouth Power Plant 2x100 MW in Sangatta. However, because it must pass through protected forests and national parks Kutai, eventually transferred to the Bontang.
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AUGUST 2010 PRODUCTION YEAR 2003 surpasses PDF Print E-mail
Monday, 23 August 2010 12:47
Pekanbaru - the average production of oil and gas production in August 2010 totaled 2636 million barrels of oil equivalent per day. For oil, its realization as much as 965 thousand barrels per day, while for the gas, the average production reached 9386 million standard cubic feet per day

"This number is passed the total average production in 2003," said Chief Executive Agency for Upstream Oil and Gas (BPMIGAS), R. Priyono when breaking fast together in the office of Chevron Pacific Indonesia, Rumbai, Pekanbaru, Thursday (19 / 8) evening.
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Pavilion Kodeco ship strikes PDF Print E-mail
Saturday, 21 August 2010 14:32
 
  
Jakarta - Pavilion Energy 40th  Kodeco property located in the waters of the Java Sea, about 80 km north of the City of Gresik, East Java, was hit by a cargo ship, Wednesday (11 / 8), at 18:53 pm. As a result of the accident, the bridge is currently in a state leaning toward the southwest about 40 degrees. Damage occurred on the basis of berths and the stairs on the north side of the pavilion. Some equipment such as separators and hand rails too loose.

"Until now, the condition of the bridge in a safe condition. There were no fatalities, there were no oil spills, and there is no fire," said Deputy Operations Control, Executive Agency for Upstream Oil and Gas (BPMIGAS), Budi Indianto, in Jakarta , Saturday (14 / 8).
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WORKING VISIT OF THE BOARD MEMBERS OF THE ELEMENTS OF ENERGY NATIONAL STAKEHOLDERS PDF Print E-mail
Saturday, 21 August 2010 14:19
PRESS RELEASE

WORKING VISIT OF THE BOARD MEMBERS OF THE ELEMENTS OF ENERGY NATIONAL STAKEHOLDERS

TO PAPUA, West Sulawesi, North Maluku, Riau Islands, Bangka Belitung Island, WEST JAVA, SOUTH KALIMANTAN AND CENTRAL SULAWESI

DATE: 20 JULY S.D. 7 AUGUST 2010
 
In order to perform three tasks to the National Energy Board (DEN) is defining the steps to overcome the crisis and emergency energy, DEN Members of the Elements Stakeholders have made visits to some areas on July 20, sd August 7, 2010. Areas visited were Papua, West Sulawesi, North Maluku, Riau Islands, Bangka Belitung, West Java, South Kalimantan and Central Sulawesi.
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TH-40 bridge repair expected U.S. $ 20 million PDF Print E-mail
Friday, 20 August 2010 10:00
JAKARTA Kodeco Energy Co. Ltd. is estimated to require funding of U.S. $ 15 million-US $ 20 million for bridge repairs TH-40 West Madura block the last hit by a cargo vessel identified as MV Galaxy East.

Business Resources at BP Migas said that knowing such information to the airworthiness inspection work platforms, including the inspection of underwater structures and surface facilities TH-40 bridge has been completed.
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CNOOC profit jumped twice LTC PDF Print E-mail
Friday, 20 August 2010 09:30
HONG KONG: CNOOC Ltd., the largest offshore oil producer China, reported first half profit more than doubled to beat analyst predictions triggered a national economic growth rebounds to trigger demand and pushing up prices.

CNOOC reported net income rose to 25.99 billion yuan (U.S. $ 3.8 billion) or 0.58 yuan per share, from 12.4 billion yuan or 0.28 yuan a year earlier. Figures residence is more than the median estimate of six analysts surveyed is 23 billion yuan.
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Required Power Supply 3000 MW per year for the National Electrical PDF Print E-mail
Thursday, 19 August 2010 11:39
JAKARTA. To meet the needs of the national electricity supply is needed about 3,000 Mw electricity per year. Therefore, according to Minister of Energy and the investment required for improvement or maintenance of electricity distribution networks, due to PLN's financial capabilities and the limited state budget, the need for such investment needs to be borne along especially to the people who can afford.

"Our government will be very careful in formulating the Electricity Basic Tariff adjustment (TDL), which meant in their time", said the Minister after conducting a ceremony in commemoration of the 65th Anniversary of RI, Tuesday (17 / 8).
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Polemic continues raising 15% TDL PDF Print E-mail
Thursday, 19 August 2010 09:06
JAKARTA: The discourse of raising basic electricity tariff (TDL) equal to 15% next year, in line with efforts to decrease the amount of electricity subsidy of Rp14, 10 trillion from Rp55, 10 trillion to Rp41 trillion in 2010-continues to reap the polemic.

Members of the National Energy Board (DEN) Herman Darnel Ibrahim said the increase in TDL discourse relating to security of electricity supply and is triggered by the reduction of subsidies. He considered the practice of subsidies had been done to electricity is not appropriate.
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Pertamina Exploration drilling success ratio increased to 84.6 Percent EP PDF Print E-mail
Monday, 23 August 2010 00:54
JAKARTA. PT Pertamina EP managed to increase the success ratio of exploratory drilling in the period from January to August 2010 to 84.6 percent. Of the 12 wells drilled have been closed until August 2010 and a re-entry wells, 11 wells otherwise successful and the two wells are deemed to be successful.

Exploration drilling success ratio of January to August 2010 period was higher than the same period in the previous two years. Of the eight wildcat wells, seven of them otherwise successful and produce oil and gas, "thus affirmed the Director of Exploration and Development of Natural Syamsu. Sunday (22 / 8).
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Government Optimistic Lifting Year 2011 Target achieved PDF Print E-mail
Saturday, 21 August 2010 14:29
Jakarta - The government says the oil lifting target in the draft state budget (Budget) in 2011 amounted to 970 000 barrels per day can be achieved. According to the Minister of Energy and Mineral Resources (ESDM), Darwin Zahedy Saleh, the target is a realistic figure is optimistic.

"The government will strive to achieve it," Darwin said after the ceremony to the 65th Anniversary of RI in the Ministry of Energy and Mineral Resources, Jakarta (17 / 8).
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Oil prices slumped following the U.S. economic condition PDF Print E-mail
Friday, 20 August 2010 10:07
Oil prices slumped following the U.S. economic condition

NEW YORK Crude oil traded at around six months after the lowest point had plummeted due to increased unemployment in the U.S. and the contraction in the manufacturing sector added concern that economic recovery in the country's largest oil consumer is being slowed.

Oil, which this week was down 1.3%, fell back yesterday after the U.S. Labor Department said the unemployment rate climbed to its highest level since November. General economic index from the Federal Reserve Bank of Philadelphia fell to the lowest reading since July 2009. Total U.S. fuel inventories reached the highest point in at least 20 years, according to a report from the Department of Energy.
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est in order to involve other fuel samples Lemigas' PDF Print E-mail
Friday, 20 August 2010 09:37
JAKARTA: Test samples of fuel oil (BBM) of premium to find the cause of damage to the vehicle fuel tank (fuel pump) is proposed not only done by Lemigas, but also involves other agencies.

This is related with the sample test results by Lemigas premium taken from the gas tank (fuel pump) one of the taxis found containing gum and high sulfur and contain several types of metal.
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Policy domain power of government PDF Print E-mail
Friday, 20 August 2010 09:25
JAKARTA: PT State Electricity Company (PLN) handed over entirely to the government policy in the electricity sector, including plans to increase the electricity basic tariff (TDL) of 15% in early 2011.

Director of Business and Risk Management PLN Murtaqi Shamsuddin said basically the power company red plates are just following whatever the government policy, especially about the cost of supplying goods (BPP), tariffs, subsidies and the quantities of electricity.
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BKPM pursue negotiations Pertamina-KPC PDF Print E-mail
Thursday, 19 August 2010 09:10
JAKARTA: Indonesia Investment Coordinating Board (BKPM) to pursue settlement negotiations refinery plant project in Balongan, West Java and the construction of fertilizer plant in Iran, as government efforts to spur industrial growth and investment.

"Yes you tonight [tonight] I flew to Kuwait, Iran and Dubai. In Kuwait to follow up discussions and dialogue between PT Pertamina and KPC [Kuwait Petroleum Corporation] for the construction of refineries in
Balongan. God willing, there'll be a meeting point and later to Iran for dialogue and discussion between the parties for the benefit of NPC Pusri and urea plant construction there, "said Gita Wirjawan Head of BKPM.
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