Topic
indonesia
Logistics Miner Paragon seals $50m move into Indonesian shipping with DPAL acquisition
Jakarta-listed mining and energy support company Paragon Karya Perkasa has completed a Rp890bn ($50m) takeover of PT Deli Pratama Angkutan Laut (DPAL), gaining a controlling stake in a domestic coal shipping platform with 34 vessels. The acquisition is part of a restructuring driven by changes to Indonesia's shipping laws, aimed at placing DPAL under an Indonesian operating platform without foreign ownership restrictions.
Commodities Nickel's Fortunes Hinge on Indonesia's Mining Quota Policy as Prices Rebound
Nickel prices have rebounded from six-month lows to $16,950/tonne, but the direction for H2 2026 hinges on Indonesia's mining quota policy. Indonesia is considering raising its RKAB quota to 360 million tonnes, which could shift global supply dynamics. Forecasts from BMI, AOCE, and ING Think indicate potential price moderation, with market surplus or deficit depending on policy decisions.
Logistics Petronas Extends Indonesian FPSO Charter to 2036, Ensuring Long-Term Offshore Production
Petronas Carigali has negotiated a 10-year extension for the Ratu Nusantara FPSO on the Bukit Tua oilfield offshore Indonesia, keeping the vessel in operation until 2036. The floating production unit, owned by Sabah International Petroleum and PT M3 Ketapang Sejahtera, has a processing capacity of 25,000 bbl of oil and 60m cf of gas per day. The extension follows over 11 years of consistent performance and strengthens the partnership between Malaysia and Indonesia.
Trade IIM Bangalore Campus, UPI, AI & Critical Minerals: India-Indonesia Enter 'Golden Chapter' Under PM Modi-Prabowo Talks
Prime Minister Narendra Modi and Indonesian President Prabowo Subianto held talks in Jakarta on Tuesday, heralding a 'golden chapter' in bilateral ties. The visit yielded eight agreements covering defence, maritime security, trade, critical minerals, steel, digital payments (UPI integration), AI, and an IIM Bangalore campus in Indonesia.
Commodities Saipem Wins $2 Billion FPSO Contract for Eni's Kutei North Hub in Indonesia
Italian energy contractor Saipem, in a joint venture with PT Tripatra Engineers and Constructors, has been awarded a $2 billion contract for the engineering, procurement, construction and installation of an FPSO for Eni's Kutei North Hub Field Development Project in Indonesia. The contract was awarded by Eni North Ganal, a company controlled by the Eni-Petronas joint venture Searah. The project includes subsea development, a new FPSO, and a gas export pipeline to the Bontang LNG Plant.
Commodities Eni Extends Ventura Offshore Rig Contract in Indonesia, Adding $25.1 Million to Backlog
Italian energy giant Eni has exercised an option to extend the contract for Ventura Offshore's semisubmersible rig SSV Catarina in Indonesia. The extension adds approximately $25.1 million to the company's firm backlog and keeps the rig utilized into the fourth quarter of 2026.
Logistics Indonesian Owners Give Older LNG Carriers a Second Life Amid Sliding Values
Indonesian owners have bought six large LNG carriers in 2026, half of which were laid up, as vessel values continue a four-year decline. Sillo Maritime Perdana and Soechi Lines each purchased a 158,000 cu m MISC vessel for about $65m, while Buana Lautan Line bought a 138,000 cu m steam turbine carrier for $14.9m. The reactivation of idle tonnage affects LNG shipping supply, while one older vessel is being scrapped.
Commodities Caspian Offshore Construction expands fleet with newbuild AHTS
Kazakhstan-based offshore marine service provider Caspian Offshore Construction (COC) has acquired a new anchor handling tug supply (AHTS) vessel, the Caspian Yili, from Sinopacific Engineering & Contracting. The vessel, featuring 90 tonnes of bollard pull and DP2 capability, is the company's largest and is expected to join the fleet in Q4 2026. The acquisition supports COC's strategy to expand in international offshore markets.
Trade India, Indonesia Strengthen Trade Ties Amid Strategic Talks
India and Indonesia are enhancing their bilateral trade and defense cooperation following the 8th Joint Commission Meeting. Key discussions included maritime trade, investments, and security, building on the Comprehensive Strategic Partnership established in 2018.
Commodities Conrad Secures Jackup Rig for Indonesian Gas Field Development
Conrad Asia Energy has secured a jackup drilling rig from Pertamina Drilling for the Mako Gas Field in Indonesia. This move marks a significant step in the development of the Duyung PSC, with drilling expected to commence in 2027.