Indonesia grants oil and gas companies flexibility over production sharing contracts

first_imgHowever, while gross split schemes are no longer mandatory, the ministry still reserves the right to make the final decision under Article 2 (1) of the law, the ministry’s said in a statement.The ministry added that existing contracts would remain valid but companies using a cost recovery scheme may request a switch to a gross split scheme.The energy minister will also get to pick the scheme for oil and gas blocks assigned directly to state-owned oil giant Pertamina.Acting energy minister Arifin Tasrif first mentioned a plan to make contracts more flexible at a meeting with the House of Representatives in November last year, citing requests by companies to allow them to operate under different schemes that took into consideration the geographical conditions of each oil and gas field.“If the field is riskier and more remote, they will choose a cost recovery scheme,” he said. “If it’s gross split, they’ll be happier to use it for existing fields because the potential is clear and thus, the risks are lower.”Read also: Oil industry welcomes possible return of cost recovery schemeThe Indonesian Petroleum Association (IPA), whose members comprise oil and gas multinationals operating in the country, said the regulatory change gave companies more flexibility to maximize project economics.“Every oil and gas project has different characteristics. Whether we use gross split or cost recovery [schemes] very much depends on each project’s characteristics,” said IPA executive director Marjolijn Wajong in a statement on Monday.Meanwhile, the Oil and Gas Companies Association (Asper Migas), whose members are exclusively Indonesian businesses, said that investors were more deterred by Plan of Developments (POD) approval delays and hidden costs than by the limited choice of PSC schemes types.“Cost recovery and gross split [schemes] are essentially the same thing,” said Asper Migas chairman John Karamoy, also on Monday. “Investors want it such that their margins do not change no matter how regulations change. That’s legal certainty from an investor’s perspective.” Oil and gas companies in Indonesia may now choose to either use a cost recovery or gross split-based production sharing contract (PSC) thanks to a recently issued regulation.Energy and Mineral Resources (ESDM) Ministerial Regulation No. 12/2020, signed on July 15, revokes a rule that had made use of a gross split scheme mandatory for new or renewed PSCs over the past three years.In a cost recovery-based PSC, the government reimburses companies for upstream-related costs in exchange for a higher share – up to 85 percent – for each company’s earnings from exploiting domestic oil and gas blocks. Meanwhile, in the so-called gross split scheme, companies bear upstream costs themselves, but the government receives a smaller cut of the revenue – up to 57 percent – determined in advance.“These changes are to intended to provide legal certainty and improve investment in the oil and gas industry,” the ministry statement released on Saturday reads.The energy ministry made gross split schemes compulsory under regulation No. 8/2017 to cut reimbursement spending, which reached into the billions of US dollars. However, the decision received a lukewarm response from investors.Read also: Gross split scheme to stay — with slight improvementscenter_img Topics :last_img read more

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New Zealand Christian group in smacking ban warning

first_imgThe Scotsman 22 October 2017Family First Comment: Well, it’s our duty to warn them!www.protectgoodparents.nzCampaigners in New Zealand who organised to fight a ban on smacking introduced a decade ago claim it has had a “chilling” effect on parents.Family First NZ, a conservative Christian campaign group, called on Scots to oppose plans to introduce legislation at Holyrood which would ban smacking.The Scottish Government has said it will support a member’s bill brought forward by Green MSP John Finnie to scrap the legal defence of justifiable assault and add Scotland to the list of 52 countries worldwide where physical punishment of children is outlawed.The move has the support of all parties in the Scottish Parliament except the Conservatives, but has attracted criticism from some religious groups and parents’ rights campaigners in Scotland.Bob McCoskrie, the national director and co-founder of Family First NZ, claimed the move will criminalise good parents and harm children.“A decade on from the passing of the controversial anti-smacking law in New Zealand, the law has maintained its very high level of opposition, but most significantly the law has had a ‘chilling’ effect on parenting and rather than tackling rotten parents who are abusing their children, it has targeted well-functioning parents,” Mr McCoskrie said.Family First NZ quoted police statistics suggesting the law introduced in 2007 has had little wider cultural impact in New Zealand, with significant increases in reporting of child physical and sexual abuse since it was passed. A 2016 survey also found that two-thirds of parents in New Zealand say they would be willing to flout the law, while a 2011 study suggested a third of parents had been threatened by their children with being reported to the police if they were smacked.The earlier survey found one in four parents of young children reported feeling less confident dealing with ‘unacceptable behaviour’.“New Zealanders predicted all of this before the law was passed, but their concerns were ignored,” Mr McCoskrie added.“The politicians and anti-smacking lobby groups linked good parents who smacked their children with child abusers, a notion roundly rejected – and still rejected – by New Zealanders. We would warn Scottish parents that this law will harm and rip apart families..”The Scottish Government has said physical punishment can have “negative effects on children which can last long after the physical pain has died”.http://www.scotsman.com/news/politics/new-zealand-christian-group-in-smacking-ban-warning-1-4593686Video: the Scottish Government’s smacking ban explainedThe Scotsman 23 October 2017Famous in Scotlandlast_img read more

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NPS to augment provision of security at Pumwani Hospital

first_imgThe Nairobi health workers have at the same time ended their go-slow after a return to work formula was agreed on by both parties.Get breaking news on your Mobile as-it-happens. SMS ‘NEWS’ to 20153 Dr Mbae in the statement also confirmed that the mother and child are both well and were discharged on 18th September 2020.Also Read  Govt moves to resolve land allocation dispute in East Mau“We take this opportunity to apologise to all Kenyans and our mothers in particular for this unfortunate incident,” the statement read in part.Also Read  Teachers to report back to school on MondayThe statement by NMS comes shortly after a video making rounds on social media appears to show a woman delivering right outside the Pumwani Hospital gate. The Nairobi Metropolitan Services has Saturday confirmed that officers from the National Police Service will augment the provision of security at the Pumwani Hospital, Mbagathi Hospital, Mama Lucy Hospital and Mutuini Hospital in Dagoretti to prevent disruption of services.The security team has also since been changed and a Customer Care desk set up after a mother delivered at the gates of Pumwani Hospital.Also Read  Relief for families as MOH revises Covid-19 burial protocolsThe Director of Health Services Dr Josephine Kibaru-Mbae through a statement said that NMS regrets the incident and commends the nurses who quickly came to assist the patient.last_img read more

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Police Blotter 4-26-2020

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Hart still confident about title

first_img He added: “We will always be in it, but unfortunately it’s a big gap, getting too big for our liking. You have to move forward, and that means we have to beat Southampton next week. We are nine points behind with 13 games to go, so we need the win.” City claimed a point from a pulsating match when Sergio Aguero sensationally rounded Jose Reina and chipped home from an outrageous angle 12 minutes from time. That cancelled out an equally stunning long-range strike from Liverpool captain Steven Gerrard which had put the Reds ahead five minutes earlier. Edin Dzeko and former City striker Daniel Sturridge, the latter in controversial circumstances, traded goals in the first half. City were unhappy Daniel Agger was not penalised for a foul on Dzeko, and that Liverpool did not put the ball out of play as the Bosnian lay injured in the build-up to Sturridge’s equaliser. Hart, 25, said: “It was a tough game. I thought Liverpool played really well. I imagine they’ll argue we were lucky to get a result in the end. That’s a shame but you have got to move forward. They are a good side and I think they have finally worked out what the manager wants from them. “They are a really tough side to play against. It is not the result we wanted but I think a draw is a fair result.” Goalkeeper Joe Hart insists heads will not drop in the Manchester City dressing room despite another setback in their quest to retain the title. Press Associationcenter_img The Barclays Premier League champions drew 2-2 with Liverpool at the Etihad Stadium on Sunday, their second draw in the space of five days. That meant another two points dropped and they now trail rivals Manchester United by nine at the top of the table, four more than a week ago. But manager Roberto Mancini was quick to insist the title race was not over and Hart maintains the players will remain confident, saying: “We have got to be. There is no point turning up otherwise. We have got to win every game and look not to drop any points. It is a good challenge for us.” last_img read more

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Davis Cup: Sumit Nagal routed by Cilic, India lose to Croatia 3-1

first_imgZagreb: India lost their Davis Cup qualifier 1-3 to Croatia after Sumit Nagal suffered a crushing defeat at the hands of Marin Cilic in Zagreb.India were kept in the tie by doubles pair Rohan Bopanna and Leander Paes, who beat Mate Pavic and Franko Skugor 6-3, 6-7, 7-5 in a match that lasted two hours and 21 minutes.However, Nagal was no match for World no 37 Cilic and won just one game in his entire match. Cilic ended up winning 6-0, 6-1 and the match lasted just under an hour.India will now have to compete in World Group I in September so as to get back to the qualifiers. The team has faltered at the same stage against formidable sides continuously over the past few years.46-year-old Paes has extended his Davis Cup doubles win record to 45 games. He had announced in January that he would be ending his nearly three-decade-long professional career at the end of the year. IANSAlso Read: Tata Open: Sumit Nagal loses to Vicktor Troicki in first roundAlso Watch: NDFB-S General Secretary B R Ferenga likely to join UPPL party soonlast_img read more

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Update on the latest in sports:

first_img Associated Press — Former Olympic swimming champion Cameron van der Burgh of South Africa says he has contracted the coronavirus. Van der Burgh retired from competitive swimming but says he has been struggling for two weeks with the illness. He is also adding his voice to concerns for the well-being of current athletes if the Tokyo Olympics are held as scheduled in July and August.,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 March 23, 2020 Share This StoryFacebookTwitteremailPrintLinkedinRedditVIRUS OUTBREAK-TOKYO GAMESTOKYO (AP) — The Tokyo Olympics are probably going to happen, but almost surely in 2021 rather than in four months as planned. That seems clear after the International Olympic Committee said it was considering a postponement.Major Olympic nations like Canada and Australia are adding pressure by making it clear they will not go if the games are staged this year. The IOC says it will make a decision within four weeks and the Russian Olympic Committee endorsed that plan by calling for “complete support.”The ROC says “we view as unacceptable any attempts to bring pressure on the organizations in charge responsible of staging the games and to force them to take rash decisions.”Canada has said it will boycott the Tokyo Olympics unless they are postponed and Australia has called for athletes to prepare for a 2021 event.Russia was faced with sending a neutral team to the Tokyo Olympics under sanctions from the World Anti-Doping Agency. But those measures can’t be implemented until there’s a ruling from the Court of Arbitration for Sport, where hearings have been delayed by the coronavirus outbreak. It’s unclear whether CAS could still rule before the Tokyo Olympics are scheduled to start July 24.VIRUS OUTBREAK-SPORTScenter_img Update on the latest in sports: Spain to continue soccer suspensionMADRID (AP) — The Spanish soccer federation and the Spanish league say the suspension of professional soccer in the country will continue until government officials “consider that they can be resumed without creating any health risk.”The soccer competitions had been initially suspended for two weeks, but on Sunday the government said the country’s state of emergency would likely be extended, meaning the entire nation may have to remain in lockdown until at least April 11.In other sports-related developments stemming from the coronavirus:— The Azerbaijan Grand Prix has been postponed because of the coronavirus outbreak. The latest postponement means there will be no Formula One races until the middle of June at the earliest. The race at the Baku City Circuit was scheduled for June 7. The first seven races of the Formula One season had already either been postponed or canceled. IOC President Thomas Bach sent a letter to athletes explaining the decision and why it might take so long, while also acknowledging the extended timeline might not be popular. He said a final decision was likely to come in four weeks.Meanwhile, a group representing track and field athletes has called for the Tokyo Olympics to be postponed because of the coronavirus outbreak. The Athletics Association’s statement comes a day after the International Olympic Committee set itself a four-week deadline to decide on a delay.VIRUS OUTBREAK-RUSSIARussia backs slow approach on Tokyo gamesMOSCOW (AP) — Russia has backed the International Olympic Committee’s approach of taking time to consider postponing the Tokyo Games and condemned the body’s critics.last_img read more

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Unseeded Ostapenko Beats Bacsinszky to Reach Final

first_imgFRENCH OPEN 2017Latvia’s Jelena Ostapenko became the first unseeded woman to reach the French Open final in 34 years by beating Timea Bacsinszky.The 20-year-old defeated the Swiss 7-6 (7-4) 3-6 6-3 yesterday to stay on course for a first WTA title.Mimi Jausovec was the last unseeded player to reach the French Open final in 1983, losing to Chris Evert. Ostapenko will play either Czech world number three Karolina Pliskova or Romania’s Simona Halep on Saturday.World number 47 Ostapenko, who turned 20 on the day of her victory, edged a first-set tiebreak but looked to have lost her way in the second set when she lost four games in a row.Bacsinszky was knocked out of the tournament at the semi-final stage at Roland Garros in 2015 and appeared determined to avoid the same fate as she comfortably closed out the second set.But Ostapenko turned on the style in the decisive set, edging ahead at 4-3 with the 15th break of the match before holding for 5-3.Ostapenko then hit a winning forehand to secure her place in the final, prompting the crowd to sing “happy birthday” as she celebrated the biggest win of her career so far.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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Miami-Dade Commission announces locations for Guatemala volcano donations

first_imgMiami-Dade County Commissioner Jose “Pepe” Diaz and the mayors of municipalities located in Miami-Dade District 12 are joining forces to collect donations and provide relief for victims of the devastating volcano eruption in Guatemala. The District 12 leaders have established eight drop-off locations for donations of various goods needed to aid in the recovery. “We need to do our part to help our brothers and sisters in Guatemala recover from the deadly Fuego volcano, which has taken such a terrible toll on the country,” said Commissioner Diaz, who with the help of  Mayor Carlos Gimenez, his colleagues and Miami-Dade Fire Department Chief Downey and Metro-Dade Firefighters Local 1403 has already collected firefighter equipment and is working on legislation along with Commissioner Javier Souto to provide humanitarian relief to further the relief efforts. Requested items include masks, canned food, juices, antibiotics, disinfectants, alcohol, hydrogen peroxide, infant and adult diapers, medicines for respiratory infections, laundry detergent, feminine hygiene products, brushes, toothpaste, first aid kits and painkillers.The drop-off locations are:Miami-Dade County Commissioner Jose “Pepe” Diaz office8345 NW 12th Street in DoralFrom Monday-Friday 9 a.m. to 5 p.m.This Saturday from 10 a.m. to 1 p.m.Sunday from 2 p.m. to 5 p.m.City of Doral8401 NW 53rd Terrace, Doral, FL, 33166Monday-Friday9 a.m. – 5 p.m.Morgan Levy Park5300 NW 102nd AvenueDoral, FL 33178Saturday 8 a.m. to 9 p.m.Sunday 8 a.m. to 6 p.m.City of HialeahGoodlet Park4200 West 8th Ave.Hialeah, FL, 33012Monday-Friday1:30 – 9:30 p.m.Saturday 9 a.m. to noonSunday 2 to 5 p.m.City of Hialeah GardensWestland Gardens Park13501 NW 107th Ave.Hialeah Gardens, FL, 33018Monday-Friday9 a.m. – 5 p.m.Town of Medley7777 NW 72nd Ave.Medley, FL, 33166Monday-Friday9 a.m. – 4 p.m.Saturday and Sunday noon to 4pmCity of SweetwaterJorge Mas Canosa Park250 SW 114th Ave.Sweetwater, FL, 33174Monday-Friday8 a.m. – 5 p.m.Village of Virginia Gardens6498 NW 38th TerraceVirginia Gardens, FL, 33166Monday-Sunday9 a.m. – 4 p.m.last_img read more

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Montrezl Harrell gives Clippers a jolt of energy in reserve role

first_img Newsroom GuidelinesNews TipsContact UsReport an Error “Man, he’s done a lot for us this season,” Clippers center DeAndre Jordan said of Harrell, a power forward in his third NBA season and his first with the Clippers after joining the team in the multi-player offseason trade that sent Chris Paul to the Houston Rockets.“He’s started for us, he’s come off the bench and given us a lot of energy, and he’s a force down in the post,” Jordan said, referring to Harrell’s first career consecutive 20-point games, in a loss Tuesday to New Orleans and a win Friday over Cleveland. “He scores easily and we’re featuring him down there.”At first glance, and maybe at second and third looks, too, Harrell seemed to be a throw-in player in the Paul deal. Patrick Beverley and Lou Williams were considered the key players the Clippers received in return for the future Hall of Fame point guard.Rivers has started Harrell three times this season, preferring to harness that energy and production in a reserve role. Harrell gives the Clippers a different look than Jordan, a 6-foot-11 defensive specialist who doesn’t look for his shot as much as his teammate.Harrell also plays a more physical role than any of the other Clippers’ forwards. LOS ANGELES — Who is Montrezl Harrell and what is he doing helping the Clippers win games?For starters, he’s a 6-foot-8, 240-pound bundle of energy who doesn’t start.He plays a reserve role and he plays it well.So well, in fact, that he was averaging 10.3 points, 4 rebounds and 0.8 assists in 16.2 minutes in 58 games before the Clippers played host to the Orlando Magic on Saturday night at Staples Center. He’s on pace to set career highs in games, points and rebounds.center_img “When we got him, we looked at him as an energy guy and a guy who can defend,” Coach Doc Rivers said. “That is what he did everywhere he’s been and then every practice he gets in he keeps scoring and scoring. We start to think, ‘Maybe he can score a little bit.’”EVANS UPDATERookie guard Jawun Evans was scoreless with one rebound and two assists in 9:22 in the Clippers’ victory over the Cavaliers on Friday, his first game after sitting out for 18 consecutive because of a lower abdominal injury. He suffered no setbacks and was in the lineup again Saturday.“Jawun looked great,” Rivers said of Evans, who was expected to play a similar backup role in the Clippers’ game against the Magic. “He felt great. I thought he had an impact. I thought he played the right amount of minutes, not to push him too far.”ALOHA, CLIPPERSThe Clippers will return to the University of Hawaii for training camp next September, the team announced Saturday. The Clippers held camp there last season for the first time and played two exhibition games against the Toronto Raptors at Stan Sheriff Center.“That’s great,” Rivers said. “Hawaii was great. That was really good. I just thought it was a great team-building trip for us, going out in the water and doing all those (outrigger canoe) races and all that stuff. I thought it wasn’t a distraction. It was really good.”Further details of the trip will be announced at a later date.last_img read more

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