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The central statistics agency, Statistics Indonesia or BPS, recorded August 2019's trade balance at a surplus of US$85.1 million.
SKK Migas deputy operation, Fatar Yani Abdurrahman, said that Pertamina could start the oil exploration in Rokan Block in early 2020.
The June 2019 trade balance surplus of US$196.0 million has improved the trade balance deficit in January-June 2019.
Masela Block's contractor, Inpex Corporation, is still looking for buyers of liquefied natural gas (LNG) from the Abadi gas field.
Coordinating Minister Luhut said that the government had taken measures to reduce the deficit on the oil and gas sector criticized by Jokowi.
BPS reported that Indonesia's export throughout May of this year increased 12.42 percent valued at USD 14.74 billion compared to April.
The Energy and Mineral Resources Ministry had auctioned off two of the five auctions for conventional oil and gas working areas to two operators
Pertamina and Malaysia's Petronas have signed a memorandum of understanding to develop the oil and gas business.
Norwegian court will rule on whether European Union fishing boats need permits from Oslo to catch snow crabs off Arctic islands north of Norway.
State-owned gas and oil company Pertamina said it is preparing to produce fuel in a package that would be ready for delivery service.
PT Chevron Pacific Indonesia (CPI) committed to recovering the land contaminated by crude oil before the end of the contract in Rokan Block, Riau in 2021
State-owned oil and gas company Pertamina recorded the country's oil and gas productions throughout 2018 increased to 768,000 barrels.
Pertamina turning crude palm oil (CPO) into green fuel types like green gasoline or green diesel.
Coordinating Minister Luhut Binsar Pandjaitan claims to have prepared several strategies to reduce Indonesia's oil and gas imports.
The Indonesian government will dispatch five representatives to attend Montara oil spill trial in Sydney, Australia.
PLN signs a 19-year contract with BP Berau to obtain 420 cargos of LNG.
Iran is using Indonesian ports in Batam to maintain oil export to China
The rise of LPG price would trigger public expectation of inflation since it coincides with the fuel price increase plan.
Six Greenpeace activists climbed the Shard building in London, protesting against Shell and other oil companies.
Total E&P spokesman stated that Indika Energy should contact the government regarding Mahakam block management issues.
