Indonesian energy reform eyes public-private balance

2015 ◽  
Keyword(s):  
Oil And Gas ◽  
Local Level ◽  
National Level ◽  
Content Type ◽  
Resource Endowment ◽  
Gas Market ◽  
The Government ◽  
Private Investors ◽  
Energy Assets ◽  
Oil And Gas Sector

Subject Proposed reforms in the oil and gas sector. Significance In the face of strong resource nationalism, President Joko 'Jokowi' Widodo's government faces strong pressure to improve the balance between public control and private participation in the oil and gas sector. To that end, the government proposes to amend the 2001 oil and gas law. Its draft amendment proposes, most notably, that state enterprises should control all production operations, while private investors provide technology and capital. The government is also considering revisions to the upstream regime, which is currently based on production-sharing contracts (PSCs). These changes require parliamentary approval. Impacts Private firms, especially foreign ones, are likely to delay fresh investment in energy assets, given the oil and gas market glut. Indonesia's vast natural resource endowment will attract private interest, but regulatory uncertainty will be an abiding problem. Transparency in the extractive sector will continue to rise at the national level, but local level reforms will be slow.

Oil will drive record Guyana growth again in 2022

2021 ◽  
Keyword(s):  
Climate Change ◽  
Oil And Gas ◽  
National Development ◽  
Oil Industry ◽  
Medium Term ◽  
Content Type ◽  
Development Plans ◽  
The Government ◽  
Wage Increases ◽  
Oil And Gas Sector

Significance As in 2020 and 2021, this projected growth will be driven by the ongoing expansion of the oil and gas sector, and related investment and state revenues. These rising revenues will support the government’s ambitious national development plans, which include both increased social and infrastructure spending. Impacts The government will prioritise enhancing the oil and gas investment framework. Investment into joint oil and gas infrastructure with Suriname will benefit the growing oil industry in both countries. The expansionary fiscal policy may lead to a rise in inflation, leading to further calls for wage increases. In the medium term, strong growth in the oil and gas sector could lead to increased climate change activism in the country.

Persistent protests threaten Tunisian government

2017 ◽  
Keyword(s):  
Political Parties ◽  
Oil And Gas ◽  
Coalition Government ◽  
Content Type ◽  
The Government ◽  
Oil And Gas Sector

Significance Another field, Chouech Essaida, has been shut since February 28 because of labour unrest. Demonstrations extend beyond the oil and gas sector. Months of protests across Tunisia are beginning to exact a toll on the coalition government as demonstrators return to the streets of the capital to challenge the latest effort to pass a controversial ‘economic reconciliation’ bill that would in effect give amnesty to businessmen who engaged in corrupt practices under the former regime. Impacts The unity of the coalition government will come under further pressure as ministers struggle to respond to demonstrations. Political parties risk becoming more isolated from the electorate without major internal reforms. The government will be tempted to return to more authoritarian techniques of rule as protests deepen.

scholarly journals KENDALA PERLINDUNGAN HUKUM TERHADAP BURUH MIGRAN DI KABUPATEN CILACAP

2012 ◽  
Vol 12 (2) ◽  
Author(s):  
TriLisiani Prihatinah ◽  
Noor Asyik ◽  
Kartono Kartono
Keyword(s):  
Empirical Study ◽  
Foreign Exchange ◽  
Migrant Workers ◽  
Oil And Gas ◽  
National Level ◽  
Local Regulation ◽  
Sociological Approach ◽  
Poor Families ◽  
The Government ◽  
Oil And Gas Sector

In Cilacap, migrant workers are the second largest contributors of foreign exchange after oil and gas sector. It's just the contribution of migrant workers is not consistent with the protection provided by the government, seen by the increasing cases of abuse, sexual violence and trafficking. This research located in Cilacap District using normative-sociological approach to analyze the problems of migrant workers in the normative and empirical levels. The results showed that the normative provisions at the national level have not been able to reach the whole problematics of service and protection of migrant workers in the District. The normative problems include the overlapping of the regulation, duplication of regulation, and provision multiple interpretations that complicate its application. Legislation in general is also not reaching abuses of administration officials. While the results of an empirical study illustrate that the complaints of violence against migrant workers conducted largely by parents and migrant workers are mostly from poor families. Key words: migrant workers, protection, local regulation

Shell-BG deal to herald more energy M&A globally

2015 ◽  
Keyword(s):  
Oil And Gas ◽  
Energy Prices ◽  
Similar Magnitude ◽  
Content Type ◽  
Strong State ◽  
Asset Values ◽  
Recent Activity ◽  
Future Direction ◽  
Energy Assets ◽  
Oil And Gas Sector

Significance That deal marked the last of a series of large merger and acquisition (M&A) deals in the oil and gas sector in the late 1990s, sparked by a fall in energy prices of a similar magnitude to the price decline witnessed since June 2014. Further M&A activity in the energy sector is likely to follow. Impacts China's and other Asian NOCs, which enjoy strong state support, could take advantage of low asset values. The recent activity slowdown reflects uncertainty about the future direction of hydrocarbon prices. Potential buyers have been waiting for further valuation falls and for a 'buyers' market' for upstream energy assets to emerge.

Nigeria readies for far-reaching, complex oil reform

2015 ◽  
Keyword(s):  
Oil And Gas ◽  
Petroleum Industry ◽  
The United States ◽  
Structural Reforms ◽  
Content Type ◽  
Global Context ◽  
Vested Interests ◽  
The Government ◽  
Policy Direction ◽  
Oil And Gas Sector

Significance The announcement mirrors the structural reforms first envisaged in the long-delayed Petroleum Industry Bill (PIB). President Muhammadu Buhari's policy direction in the oil and gas sector will determine the economy's stability in a global context of declining oil prices, set the pace for other important economic reforms, and be indicative of the government's ability to rein in vested interests. Impacts Brent crude's latest price drop from early June reveals persistent downside demand pressures. Nigeria has partially offset the slowdown in exports to the United States; Indian refineries recently became the largest buyers. Economic vulnerabilities will persist so long as the government fails to diversify its base of foreign exchange receipts.

Equatorial Guinea’s Obiang will further stifle dissent

2020 ◽  
Keyword(s):  
Oil And Gas ◽  
Economic Hardship ◽  
Content Type ◽  
Capital Financing ◽  
The Government ◽  
Oil And Gas Sector

Significance While there is scepticism over the government’s figures, officially recorded deaths are low at 51. However, all sectors of the economy have been negatively impacted -- most notably the pivotal oil and gas sector. While President Teodoro Obiang’s government has pinpointed reforms to help the economy climb out of recession, political openings may be further restricted. Impacts The 78-year-old president is unlikely to hand over power before the 2023 polls. The government will seek closer relations with China for capital financing. Growing economic hardship could drive a rise in offshore piracy. The decision to halt construction of a border wall will ease tensions with neighbouring Cameroon.

Libyan unity government should ease economic pressures

2021 ◽  
Keyword(s):  
Oil And Gas ◽  
Prime Minister ◽  
Oil Production ◽  
Armed Forces ◽  
Content Type ◽  
Oil Sector ◽  
The Government ◽  
Oil And Gas Sector

Significance The economy has faced major challenges recently: recurring disruptions to the oil and gas sector, state fragmentation and war between the government in Tripoli and the armed forces led by eastern commander Khalifa Haftar. Following agreements last year between Tripoli and Haftar to lift a nine-month oil blockade, oil production recovered sharply in the last quarter of 2020, reaching 1.28 million barrels per day (b/d) in December. Impacts The government may make ambitious new pledges on public and infrastructure spending. Major new projects will still be slow to materialise, though the prime minister is likely to initiate rebuilding projects. Plans for reconstruction projects will probably accelerate, but implementation will lag. The oil sector will manage infrastructure upgrades efficiently.

Suriname's opposition will struggle to cement victory

2020 ◽  
Keyword(s):  
Democratic Party ◽  
Oil And Gas ◽  
Economic Impacts ◽  
Political Uncertainty ◽  
Content Type ◽  
The Government ◽  
Oil And Gas Sector

Significance This would displace the incumbent Nationale Democratische Partij (National Democratic Party, NDP) of President Desire ‘Desi’ Bouterse, which has been in power since 2010. Bouterse has challenged the results and called for a recount, indicating that any transfer of power will be fraught and vulnerable to political negotiations and potential unrest. Impacts Prolonged political uncertainty will exacerbate the negative economic impacts of the COVID-19 shutdown. Electoral protests could deter some investment, such as in the nascent oil and gas sector. A successful push by Bouterse to remain in power could embolden the government in neighbouring Guyana to do the same.

Portugal: 19 July 1987

1987 ◽  
Vol 22 (4) ◽  
pp. 444-451 ◽  
Author(s):  
Marcelo Rebelo de Sousa
Keyword(s):  
Party System ◽  
Local Level ◽  
National Level ◽  
Political Regime ◽  
Public Companies ◽  
Parliamentary Elections ◽  
Universal Suffrage ◽  
The Republic ◽  
The Government ◽  
Economic Regime

THE PORTUGUESE PARLIAMENTARY ELECTIONS OF 19 JULY 1987 initiated a profound change in the Portuguese party system and in the system of government. From 1974 onwards, Portugal had moved peacefully towards a democratic political system, enshrined in the 1976 Constitution. This evolution lasted about eight years and culminated in the revision of the Constitution in 1982. From 1982 onwards the present political regime has been a democratic one, coexisting with a capitalist economic regime attenuated by state monopoly in key sectors and by public companies which were nationalized between 1974 and 1976. It is also since 1982 that the system of government has been semi-presidential. There is pure representativeness as referendums do not exist at national level and have never been regulated at local level. But the government is semi-presidential in the sense that, owing to French influence, it attempts to balance Parliament with the election of the President of the Republic by direct and universal suffrage.

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