Indonesia

South Korean and Indonesian officials have announced a US$3.5bn economic cooperation agreement, which was sealed during South Korea's ongoing three day visit to Indonesia on May

Indonesia's state-owned oil and gas company Pertamina has announced that it is looking for partners to develop 20 oil and gas blocks.

An Indonesian official has stated that the government is to decide whether it will change the current crude oil price formula for international buyers in May or June this year.

A company spokesman for Indonesia's state-owned oil firm, Pertamina has stated that the company's upstream investment will rise to IDR10trn (US$1.1bn) in 2007.

Indonesia's state-controlled Pertamina has signed a Memorandum of Understanding (MoU) with Norway's Statoil covering joint oil and gas exploration in the south Maluku islands,... 2007-04-02

French major Total has been awarded the South East Mahakam exploration block in Indonesia as part of the country's 2006 licensing round. The block, located in the Mahakam Delta... 2007-03-13

Faced with declining oil reserves and production, a growing crude import bill, and the possibility of being relegated to observer status in the Organisation of the Petroleum Exporting... 2007-03-05

Korea National Oil Company (KNOC) has announced the discovery of a major oil field in the Wakam Block offshore Papua province in Indonesia. The field, which KNOC has said contains... 2007-02-15

The chief executive of Indonesia's state-owned oil and gas company Pertamina has discussed his plans to seek a market listing by the end of 2008, according to a report in the Financial... 2007-01-26

Indonesia has signed a series of new production-sharing contracts (PSCs) with US major ConocoPhillips , China National Offshore Oil Corporation (CNC) and UK-based Premier Oil... 2007-01-16