Pertamina

Capital Product Partners L.P. Announces the Appointment of Director by Capital GP L.L.C.

Retrieved on: 
Monday, October 2, 2023
Partnership, Marketing, Business, Sojitz, General partnership, MBA, Keio University, General partner, Capital, CPLP, MSIA, Airline, Management, Pertamina, Economics, LNG

Mr. Kozuki served as Principal Project Developer and previously as General Manager for INPEX Corporation, in charge of LNG business development and marketing.

Key Points: 
  • Mr. Kozuki served as Principal Project Developer and previously as General Manager for INPEX Corporation, in charge of LNG business development and marketing.
  • Mr. Kozuki has more than 34 years of experience in LNG business development, including shipping.
  • From 1987 to 1990, he was part of the team that established an LNG Joint Venture with Pertamina.
  • Mr. Kozuki holds an MSIA and an MBA from the Carnegie Mellon University School of Business and a B.A.

Indonesia Energy to Present at H.C. Wainwright 25th Annual Global Investment Conference On Tuesday, September 12, 2023

Retrieved on: 
Friday, September 8, 2023
INDO, Island, K-28, Acquisition, Investment, K-21, Natural gas, IEC, Madison Avenue, Lotte New York Palace Hotel, Conference, NYSE, Pertamina

JAKARTA, INDONESIA AND DANVILLE, CA, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced its President, Frank Ingriselli, will be presenting at the H.C. Wainwright 25th Annual Global Investment Conference on Tuesday, September 12 at 12:00PM EST. The in-person venue for the event is the Lotte New York Palace Hotel in New York City. IEC will provide an update on its development plans for its Kruh Block and its Citarum Block and also the recent contract extension to it its Kruh Block as discussed further below.

Key Points: 
  • JAKARTA, INDONESIA AND DANVILLE, CA, Sept. 08, 2023 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced its President, Frank Ingriselli, will be presenting at the H.C. Wainwright 25th Annual Global Investment Conference on Tuesday, September 12 at 12:00PM EST.
  • The in-person venue for the event is the Lotte New York Palace Hotel in New York City.
  • Kruh Block covers approximately 63,000 acres and is located onshore on the Island of South Sumatra in Indonesia.
  • Additionally, a 3D seismic program at Kruh Block, including data acquisition, processing and interpretation will be conducted in early 2024.

Pertamina's Innovations Support Energy Transition in Indonesia

Retrieved on: 
Wednesday, August 23, 2023
Carbon, CCUS, Palm oil, Senior, Dumai, Hydrotreated vegetable oil, UCO, Sustainable Development Goal 7, HVO, Cilacap Regency, Sustainable Development Goals, RBDPO, COVID-19, Developed country, Natural gas, Biodiesel, Biophysical environment, CCS, ESG, Social, Morassa, CO2, National Medal of Technology and Innovation, Tourism, Pertamina, Green

New Delhi, India, Aug 23, 2023 - (ACN Newswire) - As a state-owned energy company, PT Pertamina (Persero) continues to develop technological innovations for operational decarbonization to support Indonesia's energy transition.

Key Points: 
  • New Delhi, India, Aug 23, 2023 - (ACN Newswire) - As a state-owned energy company, PT Pertamina (Persero) continues to develop technological innovations for operational decarbonization to support Indonesia's energy transition.
  • [Image: Pertamina]
    Oki Muraza explained that Pertamina's operational decarbonization is focused on Carbon Capture Utilization and Storage (CCUS/CCS) technology development and Biofuel.
  • Oki continued that in addition to carbon capture and utilization technology to support the energy transition, Pertamina is also committed to developing Bio Refineries or Green Refineries to produce more environmentally friendly fuels.
  • According to Oki, the Covid-19 pandemic and geopolitical tensions have significantly impact global energy price volatility, supply shortages, security issues, and economic uncertainties, causing a shift in the short-term focus of energy transition towards energy resilience.

Pertamina explores energy cooperation in Africa, supports President's visit

Retrieved on: 
Wednesday, August 23, 2023
Ministry of Foreign Affairs (Indonesia), National Oil Corporation, Directorate general for Maritime affairs, Fisheries and Aquaculture, Carbon, Sustainable Development Goal 7, GUMA, Foreign Affairs, Government, Sustainable Development Goals, Ministry, Republic, Spirit, Economic development, PGE, Memorandum of understanding, Geothermal energy, Coordinating Ministry for Maritime and Investments Affairs, ESG, Ministry of Energy and Mineral Resources, AGIL, PIEP, Investment, Conference, Mineral Resources Limited, TBK, Petroleum, Renewable energy, Drug, Pertamina

Kenya: Pertamina Geothermal Energy (PGE) Tbk, signed an MoU with Africa Geothermal International Limited (AGIL) on August 20, for technology development and resource utilization in geothermal.

Key Points: 
  • Kenya: Pertamina Geothermal Energy (PGE) Tbk, signed an MoU with Africa Geothermal International Limited (AGIL) on August 20, for technology development and resource utilization in geothermal.
  • [Image: Pertamina]
    In Kenya, Pertamina, through PT Pertamina Geothermal Energy (PGE) Tbk, signed a Memorandum of Understanding (MoU) with Africa Geothermal International Limited (AGIL) on Sunday, August 20, 2023, for technology development and resource utilization in geothermal.
  • This collaboration can strengthen cooperation between African countries and globally," President Director of Pertamina Nicke Widyawati said during her visit to Kenya, Africa, on Monday (21/8).
  • Meanwhile, Vice President of Pertamina, Fadjar Djoko Santoso, added that Pertamina had brought several sub-holdings to explore the potential for cooperation in Africa.

Pertamina International Shipping (PIS) Secures Collaboration Agreements with Global Partners

Retrieved on: 
Saturday, January 7, 2023
PIS, Commercial, MOC, Ammonia, BGN, CPP, Acquisition, LPG, DPP, Maintenance, VLGC, Joint venture, Liquefied petroleum gas, Private investigator, Airline, HOA, Pertamina

JAKARTA, Jan 7, 2023 - (ACN Newswire) - PT Pertamina International Shipping (PIS) has secured two collaboration agreements with global partners.

Key Points: 
  • JAKARTA, Jan 7, 2023 - (ACN Newswire) - PT Pertamina International Shipping (PIS) has secured two collaboration agreements with global partners.
  • PIS signs MoC with Elite Tankship, signed by the CEO of Elite Tankship, Mangish Kakodkar, and the Director of Operations of PIS, Brilian Perdana.
  • Witnessed by CEO PIS, Yoki Firnandi, President Director Pertamina, Nicke Widyawati, President Commissioner Pertamina, Basuki Tjahaja Purnama, and H.E Ambassador of Indonesia for UAE, Husin Bagis.
  • Elite Tankship, headquartered in Singapore, established collaboration with PIS in chartering the VLCC Pertamina Prime, the largest owned vessel and the company's pride, in May 2022 for a six-year contract period.

AM Best Revises Outlooks to Negative for PT Asuransi Tugu Pratama Indonesia Tbk

Retrieved on: 
Thursday, December 22, 2022
Professional Services, Insurance, Finance, Communication, AM Best, ALL, Aviation, Credit, News, AM, Insurance, Investment, Life, Risk management, Pertamina

The ratings also factor in a neutral impact from TUGU’s ultimate majority parent, PT Pertamina (Persero) (Pertamina), a state-owned energy company in Indonesia.

Key Points: 
  • The ratings also factor in a neutral impact from TUGU’s ultimate majority parent, PT Pertamina (Persero) (Pertamina), a state-owned energy company in Indonesia.
  • Profitable business from its parent group, PT Pertamina (Persero) (Pertamina), remains the key contributor to TUGU’s strong operating performance.
  • However, underwriting performance has deteriorated in the two most recent financial years, accompanied by an increasing trend of operating expense ratio, and underwriting losses at its reinsurance subsidiary, PT Tugu Reasuransi Indonesia (Tugu Re).
  • TUGU is a large insurance group in Indonesia, ranking number five by market share in 2021 in the domestic general insurance market, and additionally writes reinsurance through Tugu Re.

Pertamina to balance energy transition, security in net zero push

Retrieved on: 
Thursday, November 17, 2022
Energy, Government, Ministry of Maritime Affairs, Transport and Infrastructure, NZE, BNEF, Ontario Sustainable Energy Association, Clemson Energy Sustainability, Coordinating Ministry for Maritime and Investments Affairs (Indonesia), Biofuel, Carbon, Hydrogen, TF, Investment, Renewable energy, B20, Pertamina

When the energy transition process occurs, the demand for energy will also increase, she pointed out.

Key Points: 
  • When the energy transition process occurs, the demand for energy will also increase, she pointed out.
  • Widyawati then described several strategies carried out by Pertamina to overcome the challenges faced in balancing efforts to realize the energy transition for sustainability, including net zero emissions, with measures to maintain energy security.
  • "To achieve net zero emission (NZE) aspirations while maintaining energy security in Indonesia, Pertamina has developed some comprehensive strategies that are delivered through two main pillars and three medium-term strategies," she informed.
  • Apart from the capital investment strategy, Pertamina is also collaborating with various parties to accelerate the achievement of green energy targets.

Pertamina, ExxonMobil agree to develop CCS for decarbonization

Retrieved on: 
Tuesday, November 15, 2022
Greenhouse, ESG, Climate change, Climate, CCS, Ministry of Maritime Affairs and Fisheries (Indonesia), ExxonMobil, Carbon, CO2, Biophysical environment, Carbon dioxide, Biodiversity, Coal, Renewable energy, Seaweed, Social, Pertamina

Pertamina and ExxonMobil have signed a cooperation agreement for developing carbon capture and storage (CCS) as part of efforts to reduce carbon emissions while supporting economic growth.

Key Points: 
  • Pertamina and ExxonMobil have signed a cooperation agreement for developing carbon capture and storage (CCS) as part of efforts to reduce carbon emissions while supporting economic growth.
  • The Indonesian government is working on developing regulations that support carbon capture and storage (CCS) and starting discussions with governments in other regions, he added.
  • The fastest way to ensure the transition to new renewable energy and decarbonization in Indonesia is through partnerships, she emphasized.
  • The discovery of the great potential of CO2 has become an opportunity for the development of the CCS business and decarbonization efforts in Indonesia.

PT Kilang Pertamina Internasional selects Univation's UNIPOL™ PE Process for Two Reactor Lines in Indonesia

Retrieved on: 
Monday, November 14, 2022
Dow Chemical Company, Univers, UCAT, EPC, XCAT, Investment, Technology, Pertamina, Pressure, HDPE, LLDPE, DBC, Tender, Thermoplastic, Dow

HOUSTON, Nov. 14, 2022 /PRNewswire/ -- PT Kilang Pertamina Internasional ("PT-KPI") has selected Univation's UNIPOL PE Process for two reactor lines.

Key Points: 
  • HOUSTON, Nov. 14, 2022 /PRNewswire/ -- PT Kilang Pertamina Internasional ("PT-KPI") has selected Univation's UNIPOL PE Process for two reactor lines.
  • PT-KPI will access the "full-density" flexibility of their two new UNIPOL PE Process lines to produce a broad array of both HDPE and LLDPE products to satisfy growing PE demand within the Indonesian region.
  • PT-KPI has also selected Univation's advanced process control platform PREMIER APC+ 3.0 to further enhance the overall operating performance of their two UNIPOL PE Process lines.
  • PT Kilang Pertamina Internasional (PT-KPI) is the refining & petrochemical subholding company of PT Pertamina (Persero) that acts as a strategic holding company.

Pertamina striving to decarbonize business to tackle climate change

Retrieved on: 
Sunday, November 13, 2022
Achievement, Carbon, Map, Income, Hydrogen, Biofuel, Purba, COP27, Senior, Climate change, Renewable energy, Oil, Pertamina

JAKARTA, Nov 13, 2022 - (ACN Newswire) - Pertamina is making efforts to decarbonize its business and develop green businesses to support global climate change mitigation and the achievement of Indonesia's 2060 net-zero emissions target.

Key Points: 
  • JAKARTA, Nov 13, 2022 - (ACN Newswire) - Pertamina is making efforts to decarbonize its business and develop green businesses to support global climate change mitigation and the achievement of Indonesia's 2060 net-zero emissions target.
  • "We have two main ways for dealing with climate change; first, we have to decarbonize our carbon assets and business," Senior Vice President of Strategy and Investment at Pertamina Daniel S. Purba said.
  • To decarbonize its business, Pertamina has started to change its business portfolio by promoting low-carbon energy as well as new and renewable energy at its existing businesses and operations, Purba informed.
  • Thus, the company's revenue will continue to flow even though the carbon business will be reduced and the company has started to decarbonize its business, Daniel explained.