ENI has reported a significant offshore gas discovery in Indonesia’s Kutei Basin, reinforcing the region’s role as a key growth hub. The find supports ongoing upstream investments and could accelerate production through existing infrastructure, strengthening Southeast Asia’s long-term gas supply outlook.
TotalEnergies and Masdar have agreed to combine their onshore renewable assets across Asia into a USD 2.2 billion joint venture, creating a scaled platform to capture rising electricity demand and accelerate project deployment across multiple high-growth markets.
2 months ago • Azerbaijan;Indonesia;Japan;Kazakhstan;Korea (South);Malaysia;Philippines;Singapore;Uzbekistan
Maire’s Nextchem subsidiary KT Tech has been awarded an early engineering and equipment supply contract for a 60,000-tonnes-per-year SAF plant in North Sumatra. The facility will process palm oil mill effluent and used cooking oil using proprietary NX PTU™ and NX SAF™ BIO technologies.
2 months ago • Indonesia
The U.S. Trade and Development Agency is funding a pilot project to extract lithium from geothermal brine in Indonesia, deploying U.S. technology at a state-owned geothermal site. The initiative aims to diversify global critical mineral supply, support Indonesia’s battery ambitions, and create potential commercial opportunities for U.S. lithium buyers.
3 months ago • Indonesia
Eni has confirmed a sizeable gas discovery at the Konta-1 exploration well in Indonesia’s Kutei Basin, with an estimated 600 Bcf of gas in place and upside beyond 1 TCF. The find strengthens Southeast Asia supply prospects and supports planned regional investments with PETRONAS.
3 months ago • IndonesiaIsrael-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.
UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.
Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.
Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.