Convex News

The Utilization of Natural Gas Has Not Been Widespread, Creating The Market Is A Must

JAKARTA. The government has prepared various incentives for the upstream oil and gas industry to ensure gas production running more smoothly from the supply side. However, immediate demand creation is a must to ensure that domestic needs can absorb the gas supply. The national gas balance shows that the gas demand in 2020 is 6.04...

To Reach the Carbon Emission Target, Increase Natural Gas Utilization

As one of the largest archipelagic countries, Indonesia has abundant energy sources, including natural gas. The country needs optimal utilization of natural gas to support its huge energy needs in various sectors, as well as for national development. Data from the Ministry of Energy and Mineral Resources, compiled from the Indonesia Natural Gas Balance 2018-2027,...

An Introduction Into The Geology of Indonesia

  We are honored to announce that an important geology book titled, “An Introduction into The Geology of Indonesia” has been compiled and ready to be presented to INDONESIA and the world. The book is a historic work that guides us to a deeper and more comprehensive understanding of Indonesia’s geology. The book is the...

The Energy Balance is Very Important for the National Energy Grand Strategy

JAKARTA. The government is currently preparing a National Energy Grand Strategy focusing on strengthening energy policies for the welfare of the people. Indonesia as a developing country requires enormous energy. Oil and gas are still the dominating energy sources in Indonesia, in addition to coal and renewable energy. Moreover, the government will develop natural gas...

Natural Gas, the Clean Energy of the Future

Natural gas is a vital component of the world’s energy supply. But unlike other fossil fuels, natural gas is one of the cleanest (with the lowest carbon intensity), safest and most useful of all energy sources. To achieve the 2030 oil and gas production target in tandem with the carbon emission reduction target, it is...

“Fiscal Policy Must Consider People’s Welfare”

MEET & GREET : Suahasil Nazara, Deputy Minister of the Ministry of Finance of the Republic of Indonesia   The COVID-19 pandemic that has lasted for 1.5 years has had hit the global economy. The oil and gas sector is no exception. The decline in production and demand is a challenge for the global oil...

45th Convex IPA Opening: Upstream Oil and Gas Contribution to Help Economic Recovery After Pandemic

Jakarta – The contribution of the national upstream oil and gas industry is still considered important in the government’s efforts to stimulate the post-COVID-19 economy. The oil and gas industry will continue to dominate energy sources in Indonesia today and in the future. “Oil and gas are the still the dominant energy sources in Indonesia,...

Covid-19 Dampens the Oil and Gas Industry’s Contribution to the Local Economy

The upstream oil and gas industry holds an important role as one of the economic drivers in Indonesia, especially for the local communities in the areas where the oil and gas operations are located. This industry creates multiplier effects for other business sectors but unfortunately, the Covid-19 pandemic has been affecting the industry and its...