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2016-06-30 18:30:00

INDONESIA HAS CLAIMS

INDONESIA HAS CLAIMS

 

INDONESIA OIL GAS MAP

 

SOUTH CHINA SEA OIL GAS MAP

 

TOGY wrote, Indonesia will increase exploration work in the area surrounding the Natuna Islands, located in the contested waters of the South China Sea, the country's president said on Wednesday.

President Joko Widodo's announcement comes a week after a visit to the island chain aboard a navy vessel. Indonesia lays claim to the Natunas and the surrounding waters, which it intends to open up for oil exploration and commercial fishing. The Chinese, through a statement by the Foreign Ministry last Sunday, said the two countries "have overlapping claims for maritime rights and interest."

"Out of 16 blocks around Natuna, only five are producing," Widodo said, adding that the country was aiming to push for fast-track development "so that they enter [the] production stage sooner." The area's East Natuna gasfield is under development by Pertamina, along with partners ExxonMobil, Total and Thailand's PTT Exploration and Production. ConocoPhillips and Chevron are active in the South Natuna Sea Block B but are expected to withdraw from the field.

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Earlier:

Indonesia: 

WBG WANTS INDONESIA 

INDONESIA'S OIL DOWN 

INDONESIA SEEKS TO IRAN 

PERTAMINA NEED 51% 

ROSNEFT & PERTAMINA COOPERATION 

 

China: 

GAZPROM & CNPC ROUTES 

RUSSIAN-CHINESE PROJECT 

CHINEESE MONEY FOR RUSSIA 

CHINA'S OIL PRODUCTION DOWN 

CHINA'S GAS CONSUMPTION UP

 

 

Tags: INDONESIA, SOUTH, CHINA, SEA, OIL,

Chronicle:

INDONESIA HAS CLAIMS
November, 15, 15:25:00

OIL PRICE: ABOVE $61 AGAIN

REUTERS - Brent crude futures LCOc1 were down 72 cents at $61.49 per barrel at 1020 GMT, having fallen by 1.5 percent on Tuesday, its largest one-day drop in a month. U.S. West Texas Intermediate (WTI) crude CLc1 was at $55.12 per barrel, down 58 cents.

INDONESIA HAS CLAIMS
November, 15, 15:20:00

IEA COOLS THE MARKET

BLOOMBERG - Prices dropped during the session as the International Energy Agency said the recent recovery in oil prices, coupled with milder-than-normal winter weather, is slowing demand growth. The worsening outlook for consumption dampened some of the enthusiasm that OPEC and its allies will extend supply curbs.

INDONESIA HAS CLAIMS
November, 15, 15:15:00

IEA: GLOBAL ENERGY DEMAND UP BY 30%

Global energy needs rise more slowly than in the past but still expand by 30% between today and 2040. This is the equivalent of adding another China and India to today’s global demand.

INDONESIA HAS CLAIMS
November, 15, 15:10:00

RUSSIA'S OIL EXPORTS UP

Product exports have grown significantly over the past several years and are expected to continue to grow as Russian refineries add capacity to produce more high-quality products.

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