Premier Oil has achieved first gas from the Bison, Iguana and Gajah Puteri project (BIG-P gas project) in the Natuna Sea Block A located offshore Indonesia. The UK-based oil and gas company said that the two-year Indonesian gas project was wrapped up on schedule and significantly under the budget. Premier Oil expects the recoverable reserves […]
Packaging industry news : Thai packaging company SCG Packaging, a subsidiary of Siam Cement (SCC), has signed a conditional sale and purchase agreement to acquire a 55% stake in Indonesian packaging paper company PT. Fajar Surya Wisesa Tbk for future growth opportunities in the packaging business. The transaction is valued at approximately $665 million, which […]
French tire manufacturer Michelin has completed its previously announced acquisition of a stake of 88% in Indonesian tire manufacturer Multistrada Arah Sarana for $480 million, after securing all the required approvals. The deal was announced by Michelin in late January in a move to gain competitive production capacity of over 180,000 tons and to bolster […]