Industry News

  • BP to develop Indonesia retail business 4/17/2017

    BP and AKR Corporindo, a local petroleum and chemicals company, have agreed to set up a joint venture to oeprate fuel retail stations in Indonesia.


  • Gazprom welcomes CNPC unit for plant 4/17/2017

    China Petroleum Engineering & Construction Corporation (CPECC) will be brought on board for work on the Amur gas-processing plant, Gazprom said on Tuesday. 

  • Sinopec piles pressure on teapot refiners 4/17/2017

    Sinopec, China's leading refiner, announced on Tuesday that it will begin centralising purchases of refined fuels through its Beijing office next month, a move that is expected to squeeze independent "teapot" refiners. 

  • Total to grow Texas petrochemicals footprint 4/17/2017

    Total aims to build an ethane steam cracker and polyethylene unit along the Gulf Coast with joint venture partners Borealis and Nova, the French major said on Monday.

  • Development of Oil and Natural Gas in Indonesia 4/17/2017

    Indonesia's oil and gas sector is governed by Law No. 22 of 2001 regarding Oil and Gas (the "Oil and Gas Law"). The state retains mineral rights throughout Indonesian territory and the Government holds the mining authority.

  • Kuwait enters downstream limbo 4/17/2017

    The transition under way in Kuwait's refining sector passed a symbolic milestone in early April with the permanent closure of the smallest of the country's three refineries. The move comes ahead of the commissioning of two long-delayed projects now being belatedly implemented by state-owned Kuwait National Petroleum Co. (KNPC) to expand and upgrade the country's oil products output.

  • Pertamina begins Balongan refinery upgrades 2/20/2017

    State-owned oil and gas firm Pertamina officially started construction on Thursday of a submarine pipe line and single-point mooring at the Balongan refinery in West Java, part of the company's grand plan to upgrade and construct several refineries across the nation.

  • Pertamina discharges president director 2/20/2017

    Jakarta (ANTARA News) - An extraordinary general meeitng of the shareholders of the state oil and gas company, Pertmania, decided on Firday to dismiss its president Dwi Soetjipto and vice president director Ahmad Bambang from their posts. 

  • Licensors for Cilacap, Tuban refineries to be selected in 1st half 2/20/2017

    State-owned energy firm Pertamina has started the licensor selection process for the development of the Cilacap refinery upgrade in Central Java and the new Tuban refinery in East Java, a company executive has said.

  • Workforce development requires shift in cultural thinking 7/29/2016

    “Petrochemicals really aren’t all that sexy. It’s kind of hard to compete with Google and that new Tesla plant that’s going to be pretty amazing. So what do you do?

    “If we don’t consciously talk about what parts of our culture we want to keep and what parts we want to change, it’s going to change anyway.”

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