In Africa, the twin challenges of the coronavirus pandemic and subsequent drop in oil prices are affecting countries in different ways: net energy exporters are braced for headwinds, but net importers have some relief from current account pressures.
The Covid-19 pandemic has proved a unique challenge for the global economy, and in particular the energy industry, which has witnessed a severe fall in demand in response to lockdown measures around the world. Despite this, major developments in the Gulf suggest that players are pursuing a business-as-usual attitude as they push ahead with major investment plans.
Articles & Analysis | How will data sharing boost oil output in Indonesia? from The Report: Indonesia 2020
Oil production has been in steady decline for much of the past two decades in Indonesia, but the state aims to reverse this trend and achieve a production target of 1m barrels per day (bpd) by 2030. This will require investment from both domestic and foreign players, with policymakers searching for the right mix of state control and commercial...
Interviews & Viewpoints | Hilmi Panigoro, President Director, MedcoEnergi: Interview from The Report: Indonesia 2020
What are your expectations for growth in the upstream oil and gas segment for the medium term?
Articles & Analysis | How Indonesia supports upstream activity in energy sector from The Report: Indonesia 2020
Indonesia has long been a key supplier to global energy markets, with the first oil discovery made in North Sumatra in 1885. Energy production has grown since then to include gas, coal and renewables, but the industry’s role within the country has evolved as oil fields have matured and the population has continued to grow. The focus has...