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Press Releases from Center for Energy Sustainability and Economics (2 total)

10-fold increase in regulatory penalties, Macondo oil spill and greener base oil …

SINGAPORE (8 February 2011) – The time is ripe for an industry dialogue as Asian governments push to reduce environmental impacts caused by oil and gas exploitation amidst rising world energy demand and increasing exploration in highly difficult environments. In the wake of the Gulf of Mexico disaster, oil and gas companies expect wide regulatory changes, affecting companies’ operational strategy, especially as safety and environment compatibility records will become a

Indonesia speeds up licensing process to seize billion dollar O&G projects

Indonesia seeks to speed up licensing process for companies developing oil and gas projects, according to a decree issued by the energy minister and obtained by Reuters on Wednesday. The decree aims to boost production of oil or gas given the potential unexploited resources in Southeast Asia's biggest economy. The decree said that, "Oil and gas contractors must accelerate proposals for development plans after (oil or gas) finds” and added

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