Reaching profitability, Alfa Energi bagged IDR 18.45 billion in H1 2024
06 Aug 2024 10:00
PT Alfa Energi Tbk (FIRE), a coal mining company, booked net profit of IDR 18.4 billion in the first half (H1) of 2024.
Medco Energi to divest in Area 47 Libya, transferring it to NOC
28 May 2024 09:05
PT Medco Energi Internasional Tbk (MEDC) has reportedly divested its shares in Area 47 contract located in Libya and transferred them to Libya National Oil Corporation (NOC).
Energi Mega Persada grants subsidiary a loan of USD 22.8 million
14 May 2024 07:23
PT Energi Mega Persada Tbk (ENRG) has channelled a loan facility to one of its subsidiaries, PT Pema Global Energi (PGE), worth a total of USD 22.8 million.
Weak coal industry, TEBE readies diversification
08 May 2024 14:03
PT Dana Brata Luhur Tbk (TEBE) recorded a significant decline in revenue in Q1 2024 by up to 42.3% year-on-year (yoy) due to slowing-down of coal industry.
DSNG secured profit of IDR 229 billion
30 Apr 2024 14:06
As of Q1 2024, PT Dharma Satya Nusantara Tbk (DSNG) managed to score IDR 229 billion of net profit, while sales clocked up to IDR 2.23 trillion.
TOBA and PLN NP’s subsidiaries to form a JV
30 Apr 2024 13:00
PT Batam Tirta Surya (BTS) and PT PLN Nusantara Renewables (PLN NR) will form a joint venture engaged in the renewable energy sector.
Medco Energi sets up IDR 200 billion for shares buyback
19 Apr 2024 19:58
PT Medco Energi Internasional Tbk (MEDC) is scheduling a shares buyback with a budget set to IDR 200 billion or equal to USD 12.5 million.
Strengthening renewable energy business, TOBA to pair up with PLN for JV
17 Apr 2024 09:01
PT TBS Energi Utama Tbk (TOBA), a coal mining company, now transforming to renewable energy, has established a joint venture (JV) with PT PLN Nusantara Renewables (PLN NR).
Enhancing power plant business, ITMA to acquire 3 PLTU
02 Apr 2024 14:09
PT Sumber Energi Andalan Tbk (ITMA), a mining and energy company, previously known as Itama Ranoraya, has acquired 25% of PT Oksigen Natural Esa (ONE) from 1st Finansial Company Limited (FFCL).
Energi Mega Persada to conclude acquisition 2 active blocks in Riau
26 Mar 2024 17:49
PT Energi Mega Persada Tbk (ENRG), an oil and gas company under Bakrie Group, has completed the acquisition of 2 active oil assets with ongoing production in Riau.
