Today's Top 3 News: Pertamina Hulu Indonesia Exceeds Oil and Gas Output Targets in Q1

April 27, 2026 | 06:09 pm

TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Monday, April 27, 2026. Here are the highlights: Pertamina Hulu Indonesia Exceeds Oil and Gas Output Targets in Q1; Fitch Ratings Downgrades Outlook for Four Indonesian Banks; and Suckermouth Catfish Surge Signals Ecological Alarm in Jakarta's Rivers. 

The following is the list of the top 3 news on Tempo English today:

1. Pertamina Hulu Indonesia Exceeds Oil and Gas Output Targets in Q1

PT Pertamina Hulu Indonesia (PHI), a part of Pertamina's Upstream Subholding that manages upstream oil and gas assets in Kalimantan, recorded an oil and gas production performance above target throughout the first quarter of 2026.

"Throughout January to March 2026, the company recorded oil production of more than 120 percent of the target. Positive performance was also shown for gas production, reaching around 104 percent of the target," stated Senior Manager Relations, Handri Ramdhani, in a statement in Jakarta on Sunday, April 26, 2026, as reported by Antara.

PHI's production achievement was obtained together with its subsidiaries that manage upstream oil and gas operations in the Kalimantan region, namely PT Pertamina Hulu Mahakam, PT Pertamina Hulu Sanga Sanga, and PT Pertamina Hulu Kalimantan Timur. PHI also manages the assets of PT Pertamina EP and PHE in this region.

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2. Fitch Ratings Downgrades Outlook for Four Indonesian Banks

Credit rating agency Fitch Ratings has downgraded the credit outlook of four major Indonesian banks. The four banks are Bank Mandiri, Bank Rakyat Indonesia (BRI), Bank Central Asia (BCA), and Bank Negara Indonesia (BNI).

However, Fitch Ratings has maintained the credit ratings of these four banks at the BBB level. This outlook downgrade is in line with the revised Indonesia's debt outlook from stable to negative in March 2026.

Fitch stated that the revision of Indonesia's debt outlook reflects increasing policy uncertainty with potential implications for medium-term fiscal direction and external buffers. Additionally, Fitch mentioned that the prolonged Iran conflict also poses "downside risk if higher global energy prices weigh on borrowers' debt serviceability."

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3. Suckermouth Catfish Surge Signals Ecological Alarm in Jakarta's Rivers

The rapid spread of suckermouth catfish, locally known as sapu-sapu, in Indonesia’s urban rivers is less about the species itself and more about worsening water quality, according to an academic from Universitas Airlangga.

Veryl Hasan, an assistant professor of aquaculture at the university’s Faculty of Fisheries and Marine Sciences, said the fish, commonly found in heavily polluted waterways such as those in Jakarta, have become dominant because they can survive where most native species cannot.

“Sapu-sapu fish are highly tolerant of poor environmental conditions. When rivers become heavily polluted, many local fish die, while this species continues to survive and reproduce rapidly,” Veryl said in a written statement on Friday, April 24, 2026.

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