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.

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.

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.

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.

Efficiency evaluation of Indian oil and gas sector: data envelopment analysis

2019 ◽  
Vol 14 (2) ◽  
pp. 362-378 ◽  
Author(s):  
Vikas Vikas ◽  
Rohit Bansal
Keyword(s):  
Data Envelopment Analysis ◽  
Technical Efficiency ◽  
Capital Investment ◽  
Oil And Gas ◽  
Stock Exchange ◽  
Scale Efficiency ◽  
Data Envelopment ◽  
Content Type ◽  
Indian Economy ◽  
Oil And Gas Sector

Purpose Data envelopment analysis (DEA), a non-parametric technique is used to assess the efficiency of decision-making units which are producing identical set of outputs using identical set of inputs. The purpose of this paper is to find the technical efficiency (TE), pure technical efficiency and scale efficiency (SE) levels of Indian oil and gas sector companies and to provide benchmark targets to the inefficient companies in order to achieve efficiency level. Design/methodology/approach In the present study, a group of 22 oil and gas companies which are listed on the National Stock Exchange for which the data were available for the period 2013–2017 has been considered. DEA has been performed to compare the efficiency levels of all companies. To measure efficiency, three input variables, namely, combined materials consumed and manufacturing expenses, employee benefit expenses and capital investment and two output variables – operating revenues and profit after tax (PAT) have been considered. On the basis of performance for the financial year ending 2017, benchmark targets based on DEA–CCR (Charnes, Cooper and Rhodes) model have been provided to the inefficient companies that should be focused upon by them to attain the efficiency level. The performance of the companies for the past five years has been examined to check the fluctuations in the various efficiency scores of the companies considered in the study over the years. Findings From the results obtained, it is observed that 59 percent, i.e. 13 out of 22 companies are technically efficient. By considering DEA BCC (Banker, Charnes and Cooper) model, 16 companies are observed to be pure technically efficient. In terms of SE, there are 14 such companies. The inefficient units need to improve in terms of input and output variables and for this motive, specified targets are assigned to them. Some of these companies need to upgrade significantly and the managers must take the concern earnestly. The study has also thrown light on the performance of the companies over last five years which shows Oil India Ltd, Gujarat State Petronet Ltd, Petronet LNG Ltd, IGL Ltd, Mahanagar Gas, Chennai Petroleum Corporation Ltd and BPCL Ltd as consistently efficient companies. Research limitations/implications The present study has made an attempt to evaluate the efficiency of Indian oil and gas sector. The results of the study have significant inferences for the policy makers and managers of the companies operating in the sector. The results of the study provide benchmark target level to the companies of Oil and Gas sector which can help the managers of the relatively less efficient companies to focus on the ways to improve efficiency. The improvement in efficiency of a company would not only benefit the shareholders, but also the investors and other stakeholders of the company. Originality/value In the context of Indian economy, very limited number of studies have focused to measure the efficiency of oil and gas sector in the context of Indian economy. The present study aims to provide the latest insight to the efficiency of the companies especially operating in the Indian oil and gas sector. Further, as per our knowledge, this study is distinctive in terms of analyzing the efficiency of Indian oil and gas sector for a period of five years. The longitudinal study of the sector efficiency provides a bird eye view of the average efficiency level and changes in the efficiency levels of the companies over the years.

scholarly journals ANALISIS PERHITUNGAN DAN PEMOTONGAN PPh PASAL 21 KARYAWAN TETAP PADA PT. TELAGA BAKTI PERSADA TERNATE

2018 ◽  
Vol 14 (1) ◽  
Author(s):  
Linath Masrinah ◽  
Jantje J. Tinangon ◽  
Natalia Y. T. Gerungai
Keyword(s):  
Income Tax ◽  
Oil And Gas ◽  
Vital Role ◽  
Tax Revenue ◽  
Tax Collection ◽  
Descriptive Research ◽  
Directorate General ◽  
The Government ◽  
Permanent Employees ◽  
Oil And Gas Sector

Taxes are an important component for the government in carrying out state activities in Indonesia, since the financing of routine expenditures as well as government development is largely derived from the tax sector. as it is known that tax revenue plays a vital role since the revenue from the oil and gas sector has decreased. The government in this case the Directorate General of Tax (DJP) always wanted to perform the task in terms of collecting tax revenue so that the nation's survival is maintained. Therefore, the Directorate General of Tax (DJP) is trying to get the tax collection in Indonesia on target by always trying to improve the service by updating the rules of tax collection that meet the requirements of justice, juridical, economic, financial and simple. This study aims to analyze the calculation and withholding of Article 21 Income Tax on the salary of PT. Telaga Bakti Persada Ternate whether it is in compliance with the provisions of the Taxation Law. No. 36 of 2008 Income Tax Income. This research uses Descriptive Research Method. The results of the research can be concluded that the calculation and withholding of income tax article 21 Income Tax on permanent employees of PT. Telaga Bakti Persada Ternate has done calculations and deductions in accordance with the provisions of the current law.Keywords: calculation and deduction of income tax PPh article 21, income tax, receipt income tax PPh article 21, accounting, income tax article 21, Tax Regulation.

scholarly journals Sistem Informasi Pariwisata Berbasis Website Pada Taman Nasional Gunung Ciremai Jawa Barat

2020 ◽  
Vol 6 (1) ◽  
pp. 19-32
Author(s):  
Sagita Utarki ◽  
Eva Argarini Pratama ◽  
Corie Mei Hellyana
Keyword(s):  
Oil And Gas ◽  
Tourist Attractions ◽  
Interview Method ◽  
Tourism Sector ◽  
Technological Developments ◽  
Computer Based ◽  
The Government ◽  
Oil And Gas Sector ◽  
Collection Methods ◽  
New System

Abstract: Tourism sector in the country is one of the mainstay of foreign exchange earners for the country, especially in the non oil and gas sector, all efforts to attract tourists both archipelago and overseas continue to be done. One of the government's efforts to increase the flow of domestic and foreign tourists is to make improvements and arrangement of tourist attractions. In addition, by promoting. Therefore required a system that can facilitate the management of tourism in data processing, and facilitate members or tourists in obtaining information. Technological developments are increasing, then from the problems proposed a change in the old system into a new system with computer-based website technology. The method used in the development of this software uses Model Waterfall. Data collection methods that the authors use to collect the data needed in the writing of this research are: observation, interview method, and literature method. Through a computer connected to the internet network users can search and get various information, anywhere and anytime by accessing the website. With this system, is expected to overcome the various needs of users to obtain information and help the government to increase local revenue.Keywords: Information Systems, Tourism, Website, WaterfallAbstrak: Sektor pariwisata di tanah air merupakan salah satu andalan penghasil devisa bagi negara khususnya pada sektor non migas, segala upaya untuk menarik wisatawan baik nusantara maupun mancanegara terus dilakukan. Salah satu upaya pemerintah untuk meningkatkan arus wisatawan nusantara dan mancanegara adalah dengan melakukan pembenahan dan penataan objek wisata. Selain itu juga dengan melakukan promosi. Maka dari itu dibutuhkan sistem yang dapat mempermudah pengelola wisata dalam mengolah data, serta mempermudah anggota atau wisatawan dalam memperoleh informasi. Perkembangan teknologi yang semakin meningkat, maka dari permasalahan tersebut diusulkan adanya perubahan sistem lama kedalam sistem yang baru dengan teknologi komputer berbasis website. Metode yang digunakan pada pengembangan perangkat lunak ini menggunakan Model Waterfall. Metode pengumpulan data yang digunakan untuk mengumpulkan data-data yang diperlukan dalam penelitian ini yaitu: observasi, metode wawancara, dan metode pustaka. Melalui komputer yang terkoneksi dengan jaringan internet user dapat mencari dan mendapatkan berbagai informasi, dimana saja dan kapan saja dengan mengakses website. Dengan adanya sistem ini, diharapkan mampu mengatasi berbagai kebutuhan user untuk memperoleh informasi serta membantu pemerintah meningkatkan pendapatan daerah.Kata kunci: Sistem Informasi, Pariwisata, Website, Waterfall

scholarly journals Analisis Curse Theory pada Sumber Daya Alam Migas Bagi Warga Madura

2018 ◽  
Vol 14 (1) ◽  
pp. 12
Author(s):  
Mohammad Hidayaturrahman
Keyword(s):  
Oil And Gas ◽  
Gas Production ◽  
Community Empowerment ◽  
Government Programs ◽  
Oil And Gas Production ◽  
Oil And Gas Exploration ◽  
Exploration And Production ◽  
State Income ◽  
The Government ◽  
Oil And Gas Sector

Government policies in natural resource management, especially in the oil and gas sector face a lot of problems. However, the government also has a responsibility to improve the life of people affected from oil and gas exploration and production activities. This research was aimed at investigating how the implementation of policies run by the central and local government toward the oil and gas management and community empowerment, especially the community located closely  to oil and gas exploration and production activity in Madura, East Java. This research method is phenomenological research using descriptive qualitative approach. Therefore, this study is conducted through direct observation on the object during the research time. The data collection is done through observation and interview. The results of this study revealed that it is needed an integrated step done by the government, vertically, whether central, provincial, district, and village to synchronize oil and gas management and community empowerment programs. By doing so, the ideas and desires to improve the welfare and increase the state income will be realized, especially in focusing corporate and government programs improving citizen’ economic and education, whose area becomes the location of oil and gas production.

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