With new law, Indonesia gives miners more power and fewer obligations
JAKARTA — Indonesia’s parliament has passed a controversial bill that effectively gives miners bigger concessions and longer contracts, with fewer environmental obligations. Activists have slammed the May 12 passage of the bill, saying it will lead to unbridled exploitation by a mining industry that has already laid waste to large swaths of forest, polluted waterways, and disenfranchised local communities.
Energy conservation and cost-cutting measures
As the majority of the population opts to stay home during the pandemic, the domestic demand for energy has been running high. Data from the Mines and Energy Ministry stated as of last year, around 2.68 million households, or approximately 75 percent of the country’s households, are receiving electricity – all of which are expected […]
Hit by oil crash, Indonesia set to delay B40 biodiesel, stay with B30 for now
JAKARTA: Indonesia is likely to delay plans to raise bio-content in palm oil-based biodiesel to 40%, and keep going with an already ambitious 30% content, a senior official said, amid speculation that low crude prices could force a government re-think. The biodiesel programme is a key part of the government’s strategy to soak up excess supplies […]
First Gen watches ‘very low’ LNG prices as PHL prepares to import
THE current low prices of liquefied natural gas (LNG) in the world market are favorable for the Philippines as a future buyer of the imported fuel, an official of Lopez-led First Gen Corp. said. “International LNG and oil prices are now at very low levels which bodes well for the Philippines as a potential new importer […]
KrisEnergy reviewing commerciality of oilfield operations offshore Thailand
KrisEnergy has implemented health and safety measures in all its offices and field locations across Southeast Asia, as mandated by host government authorities. The company has taken steps to remove all non-essential personnel from field operations and lengthen shift rotations at its operated Wassana oil field in the G10/48 concession in the Gulf of Thailand.
Gas prices seen higher, diesel down
MANILA, Philippines — Oil companies are expected to reduce diesel prices but raise gasoline rates this week. Unioil Philippines said there would be a rollback for diesel while gasoline will have a price increase. “Diesel should go down by P0.20. Gasoline should increase by P0.60 to P0.70,” it said.
Refusing to Lower Fuel Prices, Govt: Global Prices Not Stable Yet
TEMPO.CO, Jakarta – Energy and Mineral Resources (ESDM) Minister Arifin Tasrif confirmed that the government had not yet reduced fuel prices due to various considerations, including fluctuating prices of global crude oil lately. “The government still maintains the prices because global oil prices and the exchange rates are still unstable and may drop,” said Arifin during a meeting with the House of Representatives […]
Philippines’ Duterte hikes tariffs on imported oil, refined petroleum
MANILA: Philippines President Rodrigo Duterte on Monday temporarily increased tariffs on imported crude oil and refined petroleum products to fund measures aimed at mitigating the economic impact of the Coronavirus outbreak. In an executive order, Duterte imposed 10 per cent additional duties on imported crude oil and refined petroleum products. Proceeds from higher tariffs would fund measures to address the outbreak, including cash dole-outs, the […]
