Indonesian state-owned oil and natural gas company PT Pertamina (Persero) has launched the distribution of its Pertamax Green 95 product at three public filling stations in the Central Java Region. The company said in a media release that with the new additions its Pertamax Green product line is now available at 119 gas stations across Jakarta, West Java, Banten, Central, and East Java. The company said it markets the product through Subholding Commercial and Trading PT Pertamina Patra Niaga. The product has a Research Octane Number (RON) content of 95 mixed with 5 percent bioethanol based on plants such as sugar cane, thus producing lower emissions and being more environmentally friendly, Pertamina said. Simon Aloysius Mantiri, President Director of Pertamina, stated that Pertamax Green 95 involves local farmers and the national bioenergy industry. “The effort to present Pertamax Green 95 is proof of Pertamina’s commitment to presenting clean and environmentally friendly fuel. This step reflects Pertamina’s strategy in encouraging renewable energy innovation, prioritizing cross-sector collaboration, and providing real solutions for the community”, Mantiri said. Acting President Director of Pertamina Patra Niaga, Mars Ega Legowo Putra, noted that Pertamax Green 95 was introduced to the Indonesian public July 2023. “We want to create a double impact, namely reducing carbon emissions and encouraging green economic growth. We are targeting Pertamax Green 95 to be present at 150 gas stations by the end of 2025,” said Ega. To contact the author, email [email protected] WHAT DO YOU THINK? Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed. MORE FROM THIS AUTHOR

NRG Energy Inc. is working on deals to power US data centers “all over the country” and will reveal details with second-quarter results, according to the top executive of the independent generator.  These are huge, complicated deals and it’s sensitive to figure out when to announce them, Chief Executive Officer Larry Coben said on Bloomberg TV.  Data centers are supercharging growth in electricity demand, and shares of power generators, long unloved by Wall Street, have rallied since early last year in this new paradigm. Investors are rewarding companies signing deals to supply power to tech giants. It’ll take all kinds of resources – including natural gas, nuclear, solar, wind, hydro and batteries – to meet needs for artificial intelligence, Coben said. Houston-based NRG will help meet this new demand thanks to turbine orders for natural gas plants and through its $12 billion deal with LS Power Equity Advisors LLC announced last month, he said.  “Every time there’s not a data center deal for a month, people wonder if they are real,” Coben said. “But now that we’ve seen the last two, they are clearly real.” WHAT DO YOU THINK? Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Dive Brief: State utility regulators and utilities such as American Electric Power and Southwestern Public Service Co. are urging the Federal Energy Regulatory Commission to approve the Southwest Power Pool’s fast-track interconnection proposal, according to filings at the agency on Thursday. However, NextEra Energy Resources, other independent power producers, clean energy trade groups and environmental groups asked FERC to reject the proposal, which they contend would give utilities and other “load-responsible entities” the sole ability to select projects for the process without state regulatory review. “We are concerned that [SPP’s Expedited Resource Adequacy Study] framework will undermine open access and enable preferential grid access for utility-affiliated generation, elevating the risk of uneconomic resources advancing through the queue, locking up transmission capacity, and raising costs for consumers,” the Clean Energy Buyers Association said in a filing. Dive Insight: Like some other grid operators, SPP is proposing to address near-term power supply needs by creating a temporary interconnection process that would run separately from its normal interconnection queue. SPP expects available capacity to drop below its reserve margins by 2027, according to its proposal, which it filed on May 22, a week after FERC rejected a similar proposal from the Midcontinent Independent System Operator. Under the proposal, load-responsible entities must verify whether a project can help close their resource adequacy deficiency, according to SPP. To enter the ERAS process, projects must meet readiness standards and other requirements. State oversight will help prevent utilities and other load-responsible entities from exercising undue preference, according to SPP. “LREs are subject to state regulation that mandates certain processes for resource selection and scrutinizes the prudence of the utility’s resource adequacy procurements, including ensuring cost-effective procurement to protect consumers,” the grid operator said in its proposal. The ERAS proposal was unanimously supported by the SPP Regional State Committee, which

Oil surged the most in more than three years after Israel carried out airstrikes against Iran, raising fears of a wider war in a region that accounts for a third of global crude production. West Texas Intermediate crude futures advanced more than 7% to settle near $73 a barrel, the biggest one-day jump since March 2022. The price of European natural gas — also a major Middle Eastern export — rallied, and haven demand pushed gold closer to a record. US President Donald Trump urged Tehran to make a deal “before it is too late,” in a post on Truth Social. The next attacks already being planned will be “even more brutal,” he said. The attack marks the most dramatic escalation yet in a conflict that has loomed in the background of the oil market for about 20 months, but had yet to result in a significant loss of barrels. A broader regional clash in the Middle East threatens a major rerouting of global oil flows by restricting supplies through the Strait of Hormuz in addition to the possible reduction of Iranian exports, with JPMorgan Chase & Co. pegging the potential impact at more than 2.1 million barrels a day.  Israel launched another round of attacks on several locations in Iran, including the Natanz nuclear site and Tabriz. Israeli Prime Minister Benjamin Netanyahu earlier said strikes targeted Iran’s nuclear and ballistic missile programs and that the operation would continue until the threat was removed.  Hours after the first Israeli strikes, Tehran launched more than 100 drones, Israel Defence Forces said. Israel expects Iran to respond with missiles and further drone attacks, according to a military official. The Qatari Ministry of Foreign Affairs said in a post on X that it will work with regional and international partners to urgently stop the aggression on Iran, taking

US President Donald Trump urged Iran to accept a nuclear deal to avoid further attacks, hours after Israel bombed the Islamic Republic’s atomic facilities and killed some of its top commanders. “There is still time to make this slaughter, with the next already planned attacks being even more brutal, come to an end,” Trump said on Truth Social. Tehran must make a deal “before it is too late,” he said. Israel said it struck around 100 targets across Iranian cities on Friday morning, using 200 planes. The attacks, which Israel has said will likely continue over the coming days, caused oil to surge as much as 13 percent, though it later pared its gains, and investors to buy havens such as gold and US Treasuries. Iran quickly responded by sending a wave of drones toward Israel, though it was unclear if they caused any damage. Some were intercepted over Jordan. Still, Israel expects Iran to retaliate with more drone strikes and also by firing ballistic missiles, according to a military official speaking on condition of anonymity. Explosions were heard across Tehran, Natanz – home to a key atomic site – and other cities, according to local and social media. Israeli Prime Minister Benjamin Netanyahu said Israel “struck at the heart of Iran’s nuclear-enrichment program.”  The head of the Islamic Revolutionary Guard Corps, Hossein Salami, and the military’s chief of staff, Mohammad Bagheri, were both killed, according to Iranian media. At least two other senior IRGC members also died. The United Nations’ atomic watchdog said there were no indications of increased radiation levels at Iran’s main uranium-enrichment site of Natanz, an early sign the strikes haven’t penetrated the layers of steel and concrete protecting the Islamic Republic’s nuclear stockpile. Still, Netanyahu said the strikes “will continue for as many days as it takes

Spain’s largest renewable fund Qualitas Energy is the frontrunner to acquire clean-energy company Cubico Sustainable Investments, according to people with knowledge of the matter. Qualitas has emerged as the leading bidder for the business after interest from KKR & Co.’s ContourGlobal, the other remaining suitor, has cooled, the people said, asking not to be identified as the information is private. London-based Cubico is owned by Ontario Teachers’ Pension Plan and PSP Investments. The Canadian pension funds have been working with Bank of America Corp. on the potential deal, seeking a valuation of about EUR 7 billion ($7.9 billion), Bloomberg News reported last year. A sale of Cubico could rank as one of the largest renewable energy deals this year globally and comes at a time the US administration’s refocus on boosting oil and gas supplies has reduced investor appetite for such assets. Qualitas may consider bringing in partners to help fund the acquisition or seek to divest some of Cubico’s assets shortly after a deal is completed, one of the people said. There’s no certainty the deliberations will lead to a transaction, and ContourGlobal’s interest could still be rekindled, the people said.  Representatives for Qualitas, KKR, OTPP and PSP declined to comment. Cubico was launched in 2015 by its current owners alongside Spain’s largest lender, Banco Santander SA, which sold its stake a year later. The company’s portfolio includes onshore wind and solar assets as well as battery energy storage systems and transmission lines, according to its website. It has a total installed capacity of 2.8 gigawatts, as well as 450 megawatts under construction and a development pipeline of more than 17 gigawatts. The firm has more than 500 employees globally. Qualitas chiefly invests in energy transition and sustainability-related assets. It has raised EUR 4.6 billion since its inception in 2006,