Latest Indonesia Energy Sector News

Lion Energy has locked in a drilling rig for its high-stakes Bula Karang-1 well in Indonesia, while significantly scaling back its green hydrogen ambitions amid challenging market conditions and limited near-term demand.

Triangle Energy has secured joint funding with Tetragon and Winchester Energy to undertake a strategic exploration study in Indonesia, potentially paving the way for a new production sharing contract.

Triangle Energy has embarked on a joint study agreement to explore an offshore area in Indonesia, aiming to secure priority rights for a future production sharing contract. The six to eight-month study signals the company’s strategic push into under-explored regions with promising oil and gas potential.