pertamina

Pertamina International Shipping (PIS) Secures Collaboration Agreements with Global Partners

indie 7 1 月

2 minutes

JAKARTA, Jan 7, 2023 - (ACN Newswire via SEAPRWire.com) - PT Pertamina International Shipping (PIS) has secured two collaboration agreements with global partners. The signings were held with the inauguration of the PIS branch office in Dubai, UAE (PIS ME) on December 23, 2022. PIS signs MoC with Elite Tankship, signed by the CEO of Elite Tankship, Mangish Kakodkar, and the Director of Operations of PIS, Brilian Perdana. Witnessed by CEO PIS, Yoki Firnandi, President Director Pertamina, Nicke Widyawati, President Commissioner Pertamina, Basuki Tjahaja Purnama, and H.E Ambassador of Indonesia for UAE, Husin Bagis.PIS signed a Heads of Agreement (HoA) with BGN International DMCC (BGN), and a Memorandum of Collaboration (MoC) with Elite Tankship Pte Ltd (Elite Tankship).The HoA with BGN was signed by the CEO of BGN Group, Ruya Bayegan, and the CEO of PIS, Yoki Firnandi. The agreement addresses a Joint Venture (JV) establishment by the two companies for the acquisition, maintenance, and operation of VLGC (Very Large Gas Carriers) vessels and/or other types of vessels.BGN, headquartered in the UAE, is one of the world's largest LPG (Liquified Petroleum Gas) trading companies and the larg...

Pertamina supports NZE realization through decarbonization initiatives

indie 16 11 月

4 minutes

JAKARTA, Nov 15, 2022 - (ACN Newswire via SEAPRWire.com) - State-owned energy company PT Pertamina committed to support the Indonesian government to achieve net zero emissions (NZE) by 2060 through the decarbonization initiatives program currently implemented by the company.Senior Vice President of Strategy and Investment of Pertamina Daniel Purba speaks at a discussion organized on the sidelines of COP27, at the Indonesian Pavilion in Sharm el-Sheikh, Egypt on Friday (November 11, 2022). (ANTARA/HO-PT Pertamina)Senior vice president of strategy and investment at Pertamina Daniel S Purba conveyed this information during an ASEAN Panel Discussion on the sidelines of COP27 in Sharm el-Sheikh, Egypt on Friday (November 11, 2022).At the discussion, Purba delivered a presentation on "Decarbonizing the ASEAN Way - Harnessing the Collective Actions of ASEAN Private Sectors Driving Net-Zero: Pertamina's Overarching Plan in Decarbonization".He explained that Pertamina as a state-owned energy company has the responsibility to provide energy needs in Indonesia - a country with a population of nearly 300 million people with high energy demand."At the same time, Indonesia has a strong commitmen...

COP27 inspires global community to tackle climate change: Pertamina

indie 14 11 月

3 minutes

JAKARTA, Nov 14, 2022 - (ACN Newswire via SEAPRWire.com) - The UN Climate Change Conference (COP27) 2022 can inspire the global community and all parties to increase contribution to tackling climate change, according to Senior Vice President of Strategy and Investment of Pertamina Daniel Purba.Senior Vice President of Strategy and Investment of Pertamina Daniel Purba speaks at a discussion organized on the sidelines of COP27, at the Indonesian Pavilion in Sharm el-Sheikh, Egypt on Friday (November 11, 2022). (ANTARA/HO-PT Pertamina)"Sometimes when we work only focusing on our own sector, we never think about a global point of view. So I'm sure this COP27 will inspire and encourage everyone to think globally in order to accelerate contributions in dealing with climate change through industries that we each work on," Purba said during a discussion organized on the sidelines of COP27, at the Indonesian Pavilion in Sharm el-Sheikh, Egypt on Friday (November 11) .Reducing carbon emissions is one of the ways to tackle climate change, Purba added.Through the COP27 event, he continued, all nations around the world are reminded that there is still a lot of work to do to save planet Earth fr...

Pertamina striving to decarbonize business to tackle climate change

indie 13 11 月

3 minutes

JAKARTA, Nov 13, 2022 - (ACN Newswire via SEAPRWire.com) - Pertamina is making efforts to decarbonize its business and develop green businesses to support global climate change mitigation and the achievement of Indonesia's 2060 net-zero emissions target.(ANTARA News Sumsel/Nova Wahyudi/dol)"We have two main ways for dealing with climate change; first, we have to decarbonize our carbon assets and business," Senior Vice President of Strategy and Investment at Pertamina Daniel S. Purba said.He made the statement during a discussion at the Indonesian Pavilion on the sidelines of COP27 in Sharm el-Sheikh, Egypt, on Friday (November 11, 2022).To decarbonize its business, Pertamina has started to change its business portfolio by promoting low-carbon energy as well as new and renewable energy at its existing businesses and operations, Purba informed."Since it is still economically expensive to introduce the use of renewable energy, the market is not really ready for it. However, for Pertamina, we have started with our own businesses. We can't wait for the market to be ready immediately, but we have started with our own operations," he said.The company's second climate change mitigation eff...

Pertamina develops green business to support emission reduction

indie 9 11 月

3 minutes

JAKARTA, Nov 9, 2022 - (ACN Newswire via SEAPRWire.com) - State-owned energy company PT Pertamina develops a number of green business initiatives to support Indonesia's goal to achieve net zero emission by 2060.CEO of PT Pertamina Power Indonesia Dannif Danusaputro (ANTARA/HO-Humas PT Pertamina)The company has been investing in biofuels, renewable energy, carbon capture, utilization and storage, battery and electric vehicles, hydrogen as well as the carbon business."Pertamina is committed to supporting the Indonesia government's commitment to achieve net zero by 2060 or sooner. Therefore, our business strategy consists of two pillars, namely decarbonizing our core business and developing a green business," CEO of Pertamina Power Indonesia Dannif Danusaputro stated at the Indonesia Pavilion at COP27 in Sharm El Sheikh, Egypt, on Sunday (November 6).He explained that Pertamina committed to allocating 14 percent of the projected 2022-2060 capital expenditure of US$70-80 billion US for the development of clean, new and renewable energy (NRE).This commitment is in line with efforts to use domestic resources to supply domestic energy towards green development and decarbonization.Pertamin...

Pertamina supports Indonesia’s goal to reach net zero emissions by 2060

indie 7 11 月

3 minutes

JAKARTA, Nov 7, 2022 - (ACN Newswire via SEAPRWire.com) - State-owned energy company PT Pertamina (Persero) supports Indonesia's aspiration to reach net zero emissions by 2060.A screenshot of Pertamina's president director and CEO Nicke Widyawati during a panel discussion of UN Climate Change Conference (COP27) in Sharm El Sheikh, Egypt, on Sunday (6/11/2022). (ANTARA/Bayu)Indonesia has increased its greenhouse gas (GHG) emission reduction target to 31.89 percent, with its efforts, and 43.20 percent, with international assistance, through the Enhanced Nationally Determined Contribution (NDC) document."In terms of emission reduction, Pertamina has set a target of 30 percent emission reduction in 2030, versus our 2010 baseline," Pertamina's president director and CEO Nicke Widyawati said in a panel discussion of UN Climate Change Conference (COP27) in Sharm El Sheikh, Egypt, on Sunday.In 2021, Pertamina have succeeded in reducing GHG emissions by 7.4 million metric tons of carbon dioxide equivalents or 29.09 percent compared to the 2010 baseline.This emission reduction is achieved by reducing non-routine emissions from the process, which is utilized for own-use fuel and gas supply to...

Aggresive in Global Market Expansion, PIS Meets BP, Shell, and Exxon in Singapore

indie 4 9 月

4 minutes

SINGAPORE, Sep 3, 2022 - (ACN Newswire via SEAPRWire.com) - Pertamina International Shipping (PIS) is increasingly targeting consumers in the international market. In addition to this expansion, PIS strives to continuously improve the quality and standard of service by exchanging knowledge and experiences with world energy companies.PT Pertamina International Shipping (PIS), in cooperation with PIS Pte Ltd (PIS PL), hosted a sharing session with BP Singapore Pte. Limited, Shell International Eastern Trading Co (SIETCO), and ExxonMobil Asia Pacific Pte Ltd. The meeting was held at the offices of each energy company on August 24-25, 2022, in Singapore.PIS, in cooperation with PIS Pte Ltd (PIS PL), hosted a sharing session with BP Singapore Pte. Limited, Shell International Eastern Trading Co (SIETCO), and ExxonMobil Asia Pacific Pte Ltd. The meeting was held at the offices of each energy company on August 24-25, 2022, in Singapore.During the sharing session, PIS discussed vetting, inspection, and vessel acceptance or vessel examination and inspection. The event was attended by PIS Director of Operations Arief Kurnia Risdianto, PIS PL Managing Director Brilian Perdana, Crude and Gas O...

Pertamina saves US$402.46 million amid rising global oil prices

indie 3 9 月

4 minutes

JAKARTA, Sep 3, 2022 - (ACN Newswire via SEAPRWire.com) - State-owned oil and gas company PT Pertamina succeeded in saving operational costs of around Rp6 trillion (US$402.46 million) until July 2022 through several efficiency programs amid rising world oil prices that increased fuel production costs.PT Pertamina head office building (ANTARA/HO-PT Pertamina)She explained that energy companies around the world are facing difficult situations as a result of disruption of the global energy supply chain due to the Russia-Ukraine conflict. The global trade mobility leading to post-pandemic recovery was jolted by limited supply that led to an energy crisis.The president director noted that the Indonesian government's policy of maintaining the people's purchasing power through fuel subsidies was the proper measure to accelerate economic recovery.According to Widyawati, the accuracy of the policy is reflected in the fuel consumption increase for community mobility and business activities.Pertamina President Director Nicke Widyawati stated that such a success could not be separated from strategic cost-saving measures taken by the company group since the start of this year.She explained that...

Pertamina’s rank in Fortune’s Global 500 jumps 64 spots

indie 11 8 月

5 minutes

JAKARTA, Aug 11, 2022 - (ACN Newswire via SEAPRWire.com) - Indonesian state-owned oil and gas company PT Pertamina has succeeded in re-establishing itself and made it to the 2022 Fortune Global 500 list, thereby being the only Indonesian company to be included on the list.The building of PT Pertamina. (ANTARA/HO-PT Pertamina)Pertamina is ranked 223rd on the list, climbing 64 places as compared to the 287th position in 2021, according to a release issued by the company on Wednesday.In 2022, the Fortune Global 500 list places 30 world oil and gas companies in the Petroleum Refining category. Pertamina was ranked 21st, which is above Japanese petroleum company Idemitsu and Spanish multinational energy company Repsol.State-Owned Enterprises (SOE) Minister Erick Thohir lauded Pertamina's success in re-entering the Fortune Global 500 list, with a significant improvement in ranking.Thohir said that Pertamina's ranking is testament to the fact that Indonesia's SOEs can compete with global companies."I highly laud the directors, commissioners, and all Pertamina personnel, who have worked hard in increasing the company's competitiveness in the international arena," he stated in Jakarta on Mo...

Strong ESG implementation gets Pertamina international recognition

indie 13 7 月

4 minutes

JAKARTA, Jul 13, 2022 - (ACN Newswire via SEAPRWire.com) - State-owned oil and natural gas corporation PT Pertamina has gained recognition from several international institutions over its strong implementation of the environmental, social, and governance (ESG) approach this year.Strong implementation of environmental, social, and governance (ESG) approach by Indonesian state-owned oil and natural gas corporation PT Pertamina this year gained recognition from a number of international institutions. (ANTARA/HO-PT Pertamina)Pertamina's ESG implementation, which is getting stronger, has attracted international interest, as seen from the acknowledgment from a number of institutions and international awards, the company stated in a release received here on Tuesday.The latest acknowledgment has come from JP Morgan, which included Pertamina in its ESG Emerging Market Bond Instrument (JESG EMBI) Index and assigned it a score of 44.2 in June 2022. The score is higher than the threshold of 20 set by JESG EMBI.It shows that Pertamina has succeeded in improving its business, especially in terms of environmental insight, sustainability, and aspects of good governance, the company said."With this...

Pertamina’s largest share of 2021 profit from upstream sector

indie 23 6 月

2 minutes

JAKARTA, Jun 23, 2022 - (ACN Newswire via SEAPRWire.com) - The upstream sector accounted for the largest share of state-owned oil and gas firm PT Pertamina's (Persero's) net profit as Indonesian crude prices (ICP) soared in 2021.Pertamina Hulu Energi Offshore Southeast Sumatra (PHE OSES) well in Seribu Islands waters off North Jakarta's coast (ANTARA FOTO/M Risyal Hidayat/rwa)"The overall profit earned is a combination of the six sub-holdings and their subsidiaries, but the largest contribution to the net profit comes from the upstream sector due to the windfall from the increase in ICP prices," acting vice president of corporate communications at Pertamina, Heppy Wulansari, said in Jakarta on Tuesday.Reporting its 2021 fiscal year performance to the government, which is a shareholder in the company, Pertamina said it scored a net profit of Rp29.3 trillion.The majority of this profit was obtained from the upstream sector's revenue, which increased sharply. Meanwhile, the downstream sector experienced losses due to the increase in crude oil prices and as Pertamina's fuel prices remained below the market price.This was an advantage for Pertamina, which has an integrated business from...

Tracing Pertamina’s cost efficiency amid high global oil prices

indie 22 6 月

8 minutes

JAKARTA, Jun 22, 2022 - (ACN Newswire via SEAPRWire.com) - State-owned oil and gas firm PT Pertamina (Persero) succeeded in achieving cost optimization of US$2.21 billion in 2021 amid high global crude oil prices.Pertamina. gas station ANTARA/HO - PT. Pertamina Patra Niaga Regional Kalimantan."Through this business strategy, in 2021, Pertamina succeeded in cost optimization of US$2.21 billion, obtained from the cost savings program (cost-saving) of US$1.36 billion, cost avoidance of US$356 million, and additional revenue (revenue growth) of around US$495 million," director of finance of Pertamina, Emma Sri Martini, said in Jakarta on Tuesday.Martini explained that Pertamina has developed several policies and business strategies from the financial and operational perspective to face the increasing global oil price challenges.Pertamina is strengthening its financial strategy and operational efforts to improve efficiency across business lines, both holdings and sub-holdings and from upstream processing to downstream, amid increasing crude oil prices.From a financial perspective, Pertamina has implemented a cost optimization program across the Pertamina Group, including cost savings, c...

Pertamina posts record net profit of Rp29.3 trillion

indie 22 6 月

4 minutes

JAKARTA, Jun 22, 2022 - (ACN Newswire via SEAPRWire.com) - State-owned oil and gas firm PT Pertamina (Persero) posted a record net profit of Rp29.3 trillion in 2021 following a successful business transformation.President director of Pertamina, Nicke Widyawati, addressing an online press conference on Pertamina's participation in the Dubai Expo, which was accessed from Jakarta on March 18 (ANTARA/HO-Pertamina)The 2021 transformation helped push up its consolidated net profit (audited) to US$2.046 billion or around Rp29.3 trillion, president director of Pertamina, Nicke Widyawati, said in a statement issued in Jakarta on Tuesday.The figure was almost double compared to the 2020 net profit of Rp15.3 trillion and exceeded the 2021 Corporate Work Plan and Budget (RKAP) target by 154 percent.In 2021, Pertamina transformed its business by increasing efficiency and production, carrying out energy transition, developing oil and gas infrastructure, and implementing the Refinery Development Master Plan (RDMP) project.Widyawati said Pertamina's successful transformation in 2021 was owing to the formation of the oil and gas holding with six sub-holdings: upstream sub-holding, refining and petr...

Pertamina Sets Initiatives to Expedite Energy Transition

pandora 21 3 月

3 minutes

Becoming a Global Energy Champion JAKARTA, Mar 21, 2022 – (ACN Newswire) – PT Pertamina (Persaro), the state-owned energy company serving Indonesia as well as international markets, has set several initiatives to accelerate its energy transition toward the 2030 target energy mix and to reduce emissions, ensuring sustainability. The screenshot of Pertamina’s Senior Vice President of Investment Management Daniel Purba at the virtual Media Briefing Pertamina-Dubai Expo, Jakarta, Friday (3/19/2022). (ANTARA/Katriana) “Pertamina is fully committed to ensuring that we manage sustainability issues properly, aligned with international standards,” Pertamina’s Senior Vice President of Investment Management Daniel Purba stated during a virtual media briefing for Indonesia – Dubai Expo on Friday. Pertamina has set environmental targets including reducing 2030 emissions by 30 percent to address the climate change, reducing the environmental footprint by complying with water and waste management practices, and protecting biodiversity by providing a net positive biodiverse impact, as well as other sustainable targets. Pertamina’s strategies to drive green energy are executed through priority init...

Pertamina to expand geothermal capacity by implementing ESG

indie 13 11 月

3 minutes

GLASGOW, Scotland, Nov 13, 2021 - (ACN Newswire via SEAPRWire.com) - Pertamina Geothermal Energy (PGE) has planned to expand its installed geothermal power plant capacity in order to provide greater contribution to the reduction of greenhouse gas emissions in Indonesia, and support achieving the sustainable development goals (SDGs) on climate action, through implementing Environmental, Social, & Governance (ESG) based programs.PT Pertamina Geothermal Energy's (PGE's) geothermal power plant. [ANTARA/HO-PGE]"Our expansive plan will help Indonesia to achieve a net zero emissions target by 2060," said the Chief Financial Officer (CFO) of Pertamina Geothermal Energy, Nelwin Aldriansyah, during a discussion session at the UN Global Compact on responsible business conduct and climate ambition, held virtually on Wednesday, Nov 10.The UN Global Compact is a "voluntary initiative based on CEO commitments to implementing universal sustainability principles, and taking steps to supporting UN goals. Pertamina reiterates its commitment to achieving SDGs through the implementation of Environmental, Social, and Governance (ESG) based programs in their operational areas."According to Aldriansya...

Comitted to ESG, Pertamina develops climate village

indie 12 11 月

4 minutes

Glasgow, Scotland, Nov 12, 2021 - (ACN Newswire via SEAPRWire.com) - PT Pertamina (Persero) has been implementing four community programs, based on adaptation and mitigation approaches as its Environmental, Social, and Governance (ESG), to support the government's climate village program on reducing carbon emission."In conducting the climate village program, Pertamina facilitates multi-stakeholders and multilevel collaboration in implementing a concrete climate action at the local level, especially in each nearby village from our operation areas," the company's corporate secretary Brahmantya Satyamurti Poerwadi said during an online talk show held at the Indonesia Pavilion on the sidelines of the 26th UN Climate Change Conference (COP26) in Glasgow on Tuesday.The four approaches taken by Pertamina are greening to increase and maintain vegetation cover, waste management, utilization of new and renewable energy (NRE) as well as agricultural cultivation with low greenhouse gas emissions to prevent land and forest fires.By having planted more than 300,000 mangroves in collaboration with the community and local governments, Pertamina has succeeded in supporting economic independency thr...

Go Sustainability, Pertamina Successfully Increases ESG Rating To PROPER

pandora 10 11 月

3 minutes

Glasgow, Scotland, Nov 9, 2021 – (ACN Newswire) – PT Pertamina (Persero) is committed to create sustainable business processes to become a leading global energy company with a reputation for being environmentally friendly, socially responsible, and with good governance. To carry out this commitment, Pertamina implements the requirements of several standards that are applied in the world such as the International Organization for Standardization (ISO) ISO 14001:2015 related to Environmental Management, ISO 45001:2018, ISO 50001:2018 related to Social Responsibility, ISO 37001:2016 regarding Energy Management, ISO 27001:2013 Anti Bribery Management System, ISO 27001:2013 Information Security Management Systems, and ISO 26000:2010 Social Responsibility. Pertamina’s efforts to implement global standards have had positive impacts. From the environmental aspect, it has resulted in a reduction of 6.6 million tons greenhouse gas emissions of CO2 equivalent. Saved energy by 92.5 million GJ, reduced waste by 8.6 tons, 3R non-hazardous waste by 10,628 tons, 3R hazardous waste by 180 thousand tons, and saved water use of 29.6 million m3. This success has led Pertamina to receive 170 PROPER (Co...

Committed to Expanding NRE, Pertamina Prepares US$8.3 Billion Capex

pandora 9 11 月

2 minutes

Glasgow, Scotland, Nov 8, 2021 – (ACN Newswire) – PT Pertamina (Persero) increases its contribution to Indonesia’s energy mix by encouraging the growth of new and renewable energy (NRE). The commitment is shown in the company’s total capital expenditure of USD 92 billion for 2020-2024, of which 9 percent, or USD 8.3 billion will be allocated for NRE. Iman Rachman, Director of Strategy, Portfolio, and Business Development of Pertamina, during a talk show on the sidelines of the 26th United Nations Climate Change Conference (COP26) in Glasgow, Scotland, Wednesday (3/11). “For energy mix, our NRE program from 2019 of 13 percent will increase to 17 percent in 2030,” said Iman Rachman, Director of Strategy, Portfolio and Business Development at Pertamina, during a talk show on the 26th United Nations Climate Change Conference (COP26) in Glasgow, Scotland. Iman added, to expand the NRE portfolio, Pertamina has developed eight strategic initiatives. It includes optimizing the potential and increasing geothermal energy capacity, utilizing green hydrogen, which will use electricity from the company’s geothermal field with a total potential of 8,600 kilograms of hydrogen per day. Pertamina i...

Supporting Government to Reduce Emissions, Pertamina Cooperates with ExxonMobil to Develop Low Carbon Technology

pandora 4 11 月

4 minutes

JAKARTA, Nov 2, 2021 – (ACN Newswire) – In line with President Joko Widodo’s direction to transform businesses towards a green economy, Pertamina is pursuing the Government’s target of reducing 29% Greenhouse Gas (GHG) emissions by 2030 with its own efforts and 41% with international assistance. President Director of Pertamina, Nicke Widyawati, and President of ExxonMobil Indonesia, Irtiza H. Sayyed, signed a MoU witnessed by the Coordinating Minister for Maritime Affairs and Investment of the Republic of Indonesia, Luhut Binsar Panjaitan, Coordinating Minister for Economic Affairs Airlangga Hartarto, Minister of SOEs Erick Thohir, and Deputy Minister SOE, Pahala N. Mansury, and Minister of Energy and Mineral Resources, Arifin Tasrif. With that spirit, the Ministry of SOEs has also introduced a sustainable policy, namely “Eco Lifestyle,” The policy aims to create a better place for the future generation of Indonesia through green energy initiatives. To support this step, the Ministry of SOEs encourages Pertamina to collaborate with various parties. It includes global companies in the development of Carbon Capture and Utilization and Storage/CCUS technology. “This CCUS collaboration...

Indonesian SOE Minister Erick Thohir Inaugurates PERTAMINA PRIDE

indie 18 4 月

4 minutes

LAMPUNG, Indonesia, Apr 18, 2021 - (ACN Newswire via SEAPRWire.com) - State-Owned Enterprises (SOE) Minister Erick Thohir was at the Port of Semangka Bay, Kota Agung, Tanggamus Regency to inaugurate the PERTAMINA PRIDE, the Very Large Crude Carrier (VLCC) commissioned by Pertamina International Shipping (PIS), the shipping sub-holding of PT Pertamina.Handover of PERTAMINA PRIDE VLCC model replica to SOE Minister Erick Thohir with PT Pertamina President Director Nicke Widyawati and Board of Directors of Pertamina and Pertamina International Shipping (PIS) at the inauguration, Semangka Bay, Lampung (4/15).The ceremony was held onboard, the Minister joined by Pertamina President Director Nicke Widyawati and Director of Logistics and Infrastructure Mulyono, PIS President Director Erry Widiastono and PIS President Commissioner A. Junaedy Ganieand, and representatives of Pertamina management in Lampung.Minister Erick said state-owned enterprises must contribute to maintaining Indonesia's energy security, with its natural wealth and natural products, while Pertamina was expected to help transform its units amid rapid ongoing changes, such as the impact of the COVID-19 pandemic. "Pertamina...

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