Cempaka Business and Economy: Indonesia Losing Luster for Oil & Gas Investors: Survey

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Thursday, April 29, 2010

Indonesia Losing Luster for Oil & Gas Investors: Survey

Jakarta Globe, Yessar Rosendar, April 29, 2010

International oil and gas executives have growing reservations about investing in Indonesia, according to a survey by PWC. (Antara Photo)

The “shine” is wearing off of Indonesia as an investment destination for international energy companies, despite the global energy rush and the country’s massive reserves of oil and natural gas, according to a survey released by PricewaterhouseCoopers on Thursday.

According to PWC, executives from oil and gas companies cited rising concerns about uncertainty over cost-recovery legislation, corruption, interference by government agencies, the sanctity of contracts and the general regulatory structure of the upstream and downstream oil and gas industry. The executives said they were increasingly skeptical about the chances for positive change in these five areas in the near term, according to PWC.

“Indonesia still regarded as attractive. However, the shine seems to be wearing off,” said William Deertz, lead technical adviser for energy, utilities and mining practices at PWC Indonesia. “There is a shift of sentiment, survey participants seems less optimistic in near term improvement, which is not good for investment.”

PWC surveyed 317 executives from 76 foreign and domestic oil and gas companies. The findings come at a time when the government is struggling to find ways to reverse the gradual decline in national oil production.

Once a member of the Organization of Petroleum Exporting Countries, Indonesia is now a net importer of crude, and is struggling to reverse steadily declining output, targeted this year at 965,000 barrels a day.

The government provided some measure of relief and certainty to investors this week when it announced it would not proceed with a plan to limit the amount of expenses oil and gas companies could claim under the cost-recovery process.

The unsettled regulation and the issue of limits has been a major concern for investors.

“Cost-recovery that changed midway is unacceptable,” Deertz said.

Ron Aston, president of the Indonesian Petroleum Association, which represents almost all oil and gas producers in the country, said Indonesia was still attractive as long as the investment climate remained positive. Indonesia still has basins that contain large reserves, he said.

“The fundamental thing for the oil and gas industry across the world is geological prospectivity, so it’s certainly attractive,” Aston said.

However, the government needed to take steps to make the sector more attractive to international investors, he said.

Over the next few years energy companies are set to invest around $1 billion to explore the blocks around the Makassar Strait, even though it was uncertain whether oil was in the area, Aston said, adding that this highlighted the high level of risk involved.

“It’s a staggering fact that they invest billions of dollars just to see if something is there.”

The government should complete the cost-recovery regulation very soon, because it will enhance production activities in oil and gas, he said.

“There is a misconception. Cost recovery is not a reimbursement, it’s government investment so that production can increase,” Aston added.

Edy Hermantoro, director of upstream oil and gas at the Energy Ministry, said Indonesia still has enormous oil and gas potential. According to ministry data, in January 2009 the country had potential oil reserves of 3,695.39 million barrels of oil and proven reserves of 4.303.1 million barrels of oil.

Cempaka Business and Economy

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Thursday, April 29, 2010

Indonesia Losing Luster for Oil & Gas Investors: Survey

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The Jakarta Post: Review/Outlook 2010