BADAN PELAKSANA KEGIATAN USAHA

"Badan Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi" (abbreviated as BP Migas) was an Indonesian government agency responsible for managing the upstream oil and gas activities in the country. Established under the Law No. 22 of 2001 concerning Oil and Gas, BP Migas aimed to ensure that exploration, production, and investment in the oil and gas sector were conducted efficiently and in a way that maximized benefits for the state and its people.

BP Migas was tasked with overseeing and regulating the activities of oil and gas companies operating in Indonesia, which included granting licenses, ensuring compliance with regulations and contracts, and facilitating investment in the sector. The agency played a pivotal role in managing the extraction of Indonesia's rich natural resources, and it worked closely with various national and international oil companies.

However, in 2012, the Constitutional Court of Indonesia ruled that BP Migas was unconstitutional, leading to its dissolution. Following this decision, the responsibilities and functions previously held by BP Migas were transferred to a new entity, SKK Migas (Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi). SKK Migas continues to operate as the regulatory body overseeing upstream oil and gas activities in Indonesia, ensuring the sector contributes effectively to the nation's economy.

Ships

ANOA NATUNA

Ship Type Unit | Flag: Republic of Indonesia | Port: Jakarta

Maritime News

Crewmember Goes Missing From Canadian Coast Guard Vessel

27 minutes ago

The Canadian Coast Guard has called off a search for a crewmember believed to have gone overboard from one of its icebreaker vessels off Newfoundland's northeast coast. The CCGS Vincent Massey crewmember, who was reportedly last seen aboard the ship on Sunday evening, was reported missing at 8:15 a.m. on Monday when the vessel arrived in St. John's.An "extensive" search involving Canadian Coast Guard vessels, aircraft and vessels from other federal sources was launched but proved unsuccessful. The decision to end the search was made Tuesday afternoon"We are devastated to confirm that one of our own employees has been lost at sea.

Red Sea Insurance Costs Skyrocket Amid Rising Houthi Shipping Threats

13 hours ago

The cost of insuring a ship through the Red Sea has more than doubled since the start of September and some underwriters are pausing cover as the risk of attack from Yemen's Houthis on commercial vessels increases, industry sources said.The Iran-backed Houthis first launched aerial drone and missile strikes on the waterway in November. They say they are acting in solidarity with Palestinians under assault in Israel's war on Gaza. In more than 70 attacks, the Houthis have sunk two vessels, seized another and killed at least three seafarers.

Fairbanks Morse Defense to Acquire Rolls-Royce Naval Propulsors & Handling Business

13 hours ago

Fairbanks Morse Defense (FMD) on Thursday announced it has struck a deal with Rolls-Royce to acquire its naval propulsors and handling business. The acquisition will include a range of propellers and waterjets for naval applications, as well as marine handling systems, which enable the deployment and recovery of manned and unmanned craft, and other cargo, from naval vessels.“When you look at the 150-year history of Fairbanks Morse Defense, you will find a handful of distinctive moments that completely transformed this company.

McDermott, BW Offshore Team Up for Blue Ammonia Production on FPSOs

17 hours ago

McDermott and BW Offshore have entered into a collaboration to advance the technical and commercial viability of offshore blue ammonia production aboard a floating production storage and offloading (FPSO) facility.The strategic partnership aims to enable a viable pathway for offshore blue ammonia production, contributing to the global transition to low-carbon energy sources, and reinforcing both companies' commitment to sustainable energy practices.The collaboration will leverage the combined expertise of McDermott and BW Offshore to advance the development of low carbon ammonia production aboard FPSOs, which have the potential to unlock multiple benefits for ammonia production

Cargo Volumes Soar to Record Heights at Port of Los Angeles

yesterday

The Port of Los Angeles reported handling nearly 960,600 Twenty-Foot Equivalent Units (TEUs) in August, marking a remarkable 16% increase compared to the same month last year. This figure represents the busiest month for the port since before the pandemic.With eight months of 2024 complete, the Port of Los Angeles is already 17% ahead of its total container volume from 2023, having processed nearly 1 million additional containers year-to-date.“The American consumer continues to spend and that’s helping to power our economy,” Port of Los Angeles Executive Director Gene Seroka said at a media briefing.