The price of Newcastle's coal benchmark contract strengthened 0.31% to US $ 114.5 / Metric Ton (MT) at the close of trading on Wednesday (09/19/2018). The positive sentiment that supported coal prices yesterday came from the dragging coal supply from Indonesia and Australia. However, rising coal stocks in a number of power plants in China are holding back price strengthening.read more..
On Tuesday (09/18/18) Part of Singapore was hit by darkness due to the power blackout which lasted for about 38 minutes. The incident was called the worst in last 14 years. In total, there were 146,797 household consumers and affected business entities. In the initial investigation found, the incident was caused by the loss of some electricity supply in two generating units.read more..
The Ministry of Energy and Mineral Resources (ESDM) was asked to immediately issue regulations on roof or rooftop solar photovoltaic devices. The rule is important because it will be a legal umbrella for PLN customers in using electricity that is environmentally friendly. However, the regulation has not yet been issued even though it was planned more than three months ago.read more..
Director General of Oil and Gas (Oil and Gas) Ministry of Energy and Mineral Resources Djoko Siswanto explained that of the 3.6 million barrels that could be utilized as many as 600 thousand barrels from 70 cooperation contract contractors (KKKS). The untapped oil is in the bottom of the tank because it contains water or other material, so that the oil cannot be sold.read more..
The Cepu oil and gas block, Bojonegoro is the mainstay, to achieve the production target of ready to sell (lifting) oil which is stipulated in the draft 2018 State Budget Revenue (RAPBN) of 775 thousand barrels per day (bpd).read more..