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Indonesia may form consortium to take Shell stake in Masela gas project

CNA – Indonesia may form a consortium to take over a 35-per-cent stake in the Masela gas project held by Shell after the company signaled its intention to withdraw, the Investment Minister said yesterday. Bahlil Lahadalia told Parliament Shell wanted to divest from the USD20 billion project, so a consortium of state-owned energy firm Pertamina, […] ....

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Indonesia raises fuel prices by 30 percent amidst surging subsidies

President Joko Widodo increased some fuel prices by 30 percent this week to curb growing government spending on energy subsidies in Indonesia ....

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Indonesia raises cost of popular fuel to 67 cents per litre, up 30%

President Joko Widodo increased some fuel prices by 30 percent this week to curb growing government spending on energy subsidies in Indonesia ....

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PT Pertamina: Pertamina saves US$402.46 million amid rising global oil prices

JAKARTA, Sept 3, 2022 - (ACN Newswire) - State-owned oil and gas company PT Pertamina succeeded in saving operational costs of around Rp6 trillion (US$402.46 million) until July 2022 through several efficiency ....

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Analysis: Ending the ExxonMobil Presence at West Qurna 1

By Ahmed Mousa Jiyad. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Ending ExxonMobil Presence in WQ1 Oilfield Legal-Contractual Discussion with Economic-Financial Analysis Information indicates that the Iraqi Ministry of Oil (MoO) proposed to acquire (buy) ExxonMobil's participation interest (PI) in the West Qurna ....

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