scholarly journals STATEOWNED ENTERPRISE AND PUBLIC SERVICE OBLIGATION IN THE SECTOR OF OIL AND GAS

2018 ◽  
Vol 29 (3) ◽  
pp. 515
Author(s):  
Muhammad Insa Ansari
Keyword(s):  
Natural Gas ◽  
Public Service ◽  
Oil And Gas ◽  
For Profit ◽  
Oil And Natural Gas ◽  
The Republic ◽  
The Government ◽  
Oil And Gas Sector ◽  
Energy Law ◽  
Public Service Obligation

AbstractThe 1945 Constitution of the Republic of Indonesia regulates natural recources in its particular article. Then, the Energy Law and the Oil and Gas Law regulate the state’s control of oil and natural gas. In the sectoral regulations of oil and gas, there is a public service obligation (PSO) which must be assumed by the Government and State Owned Enterprises (SOE). Meanwhile, in the SOE Law introduced entity Perum and Persero. Where in Perum entities carrying out public service, while the Persero entity to assume the role for profit. But in practice found a PSO on the oil and gas sector carried by state-run entities Persero. IntisariDalam Undang-Undang Dasar Negara Republik Indonesia 1945 diatur penguasaan negara terhadap sumber daya alam. Kemudian UU Enegi dan UU Minyak dan Gas Bumi mengatur penguasaan negara terhadap minyak dan gas bumi. Dalam pengaturan sektoral di bidang tersebut juga mengatur kewajiban pelayanan umum yang harus diemban oleh pemerintah dan BUMN. Sementara itu dalam UU BUMN diperkenalkan  entitas Perusahaan Umum (Perum) dan Perseroan Terbatas (Persero). Dimana entitas Perum mengemban peran pelayanan umum (public service), sementara entitas Persero mengemban peran mencari keuntungan (profit oriented). Namun dalam praktek ditemukan kewajiban pelayanan umum pada sektor minyak dan gas bumi diemban oleh BUMN dengan entitas Persero. 

LEGAL MECHANISMS FOR STIMULATING THE DEVELOPMENT OF THE OIL AND GAS SECTOR OF THE RUSSIAN ECONOMY

2021 ◽  
Author(s):  
Viacheslav Olegovich Mosalygin ◽  
Keyword(s):  
Natural Gas ◽  
Russian Federation ◽  
Oil And Gas ◽  
Significant Part ◽  
Tax Revenues ◽  
Russian Economy ◽  
Oil And Natural Gas ◽  
The Russian Federation ◽  
The Government ◽  
Oil And Gas Sector

For more than 15 years, a significant part of the budget revenues of the Russian Federation have been tax revenues from the sale of hydrocarbons, in particular oil and natural gas. Despite the desire of our government to minimize its dependence on oil and gas revenues, the government continues to implement measures to encourage both small and large companies by providing some tax-related benefits, thereby encouraging the fields to further develop and expand.

Pre Disinvestment & Post Disinvestment Financial Analysis of Oil and Gas Company in India”

2016 ◽  
Vol 12 (3) ◽  
pp. 205-214
Author(s):  
Sumeet Gupta ◽  
Sharad Srivastava
Keyword(s):  
Public Sector ◽  
Natural Gas ◽  
Financial Performance ◽  
Oil And Gas ◽  
Financial Analysis ◽  
Operating Performance ◽  
Fiscal Deficit ◽  
Efficiency Ratio ◽  
Oil And Natural Gas ◽  
The Government

Disinvestment of minority share of PSU have become one of the important medium of raising revenue for the government. The government wanted to reduce its fiscal deficit by doing disinvestment of public sector enterprise. It is believed that operating performance and efficiency of Public sector enterprise gets improved after the post disinvestment period. There are many public sector enterprise whose financial performance got improved after the disinvestment.The prime focus of the study is to examine:Why there is a need for disinvestment of public sector enterprise      such as ONGC and IOCL.The impact of disinvestment on the financial and operating      performance on pre disinvestment as well as on post disinvestment period. In this study financial performance will be measured e.g.  Profitability ratio, efficiency ratio, liquidity ratio, & leverage and ratio for perspective investor. The financial performance will be used to access whether there is any impact of disinvestment on company’s performance of Oil and Natural Gas Corporation Ltd. & Indian Oil Corporation Ltd.  

scholarly journals The overview of the legal and institutional framework for oil and natural gas sector in Tanzania. A review

2018 ◽  
Vol 1 (1) ◽  
pp. 8
Author(s):  
Obadia Kyetuza Bishoge ◽  
Lingling Zhang ◽  
Witness Gerald Mushi ◽  
Shaldon Leparan Suntu
Keyword(s):  
Sustainable Development ◽  
Natural Gas ◽  
Political Development ◽  
Oil And Gas ◽  
Institutional Structure ◽  
Energy Resources ◽  
Institutional Framework ◽  
Oil And Gas Resources ◽  
Oil And Natural Gas ◽  
Oil And Gas Sector

One of the essential tools for management of the sectors including the oil and gas sector is the legislative and institutional structure. This paper reviews the overview of the current legal and institutional framework for energy resources development, with weight on oil and gas resources and their critical significance to socio-economic and political development. It affords a comparative account of some new features and on-going trends of the activities conducted by the institutions for sustainable development of the oil and natural gas sector in Tanzania.

scholarly journals The overview of the legal and institutional framework for oil and natural gas sector in Tanzania. A review

2018 ◽  
Vol 3 (1) ◽  
pp. 8 ◽  
Author(s):  
Obadia Kyetuza Bishoge ◽  
Lingling Zhang ◽  
Witness Gerald Mushi ◽  
Shaldon Leparan Suntu
Keyword(s):  
Sustainable Development ◽  
Natural Gas ◽  
Political Development ◽  
Oil And Gas ◽  
Institutional Structure ◽  
Energy Resources ◽  
Institutional Framework ◽  
Oil And Gas Resources ◽  
Oil And Natural Gas ◽  
Oil And Gas Sector

One of the essential tools for management of the sectors including the oil and gas sector is the legislative and institutional structure. This paper reviews the overview of the current legal and institutional framework for energy resources development, with weight on oil and gas resources and their critical significance to socio-economic and political development. It affords a comparative account of some new features and on-going trends of the activities conducted by the institutions for sustainable development of the oil and natural gas sector in Tanzania.

scholarly journals Implementasi Pasal 53 Undang-Undang Nomor 22 Tahun 2001 tentang Minyak dan Gas Bumi Terkait Pelaku Usaha Pertamini di Kota Denpasar

2021 ◽  
Vol 2 (2) ◽  
pp. 429-433
Author(s):  
Ferdy Pradana ◽  
I Nyoman Putu Budiartha ◽  
I Wayan Arthanaya
Keyword(s):  
Natural Gas ◽  
Oil And Gas ◽  
Implementation Process ◽  
Legal Basis ◽  
Legal Sanctions ◽  
Oil And Natural Gas ◽  
The Government ◽  
Data Collection Technique ◽  
First Time ◽  
The City

Petroleum as a strategic natural resource contained in the Indonesian mining jurisdiction is and has become a national asset that has been controlled by the State. This study aims to explain the legal sanctions for first business actors who trade oil and gas without having a business license to distribute oil and gas and describe the implementation process of the government's prohibition against first business actors in Denpasar. This research uses empirical legal research. The data collection technique was carried out through interviews. The data sources used are primary and secondary legal materials. The results of this study indicate that the regulation regarding legal sanctions for first-time business actors who do not have a license to distribute oil and natural gas has been regulated in Article 53 of Law Number 22 Year 2001 concerning oil and natural gas regarding processing, transportation, storage and commerce. However, with the complexity of business activities today, this regulation has not been able to reach and accommodate the current first developments. The application of the government's prohibition against first business actors in the city of Denpasar is still very contrary to the practice in the field. Only one owner only uses a micro and small business license (IUMK). Apart from that, the government has not been able to take action because there is no legal basis for controlling

scholarly journals NATURAL RESOURCES CONTRIBUTION IN DEFENSE DIPLOMACY: A CASE STUDY OF BRUNEI DARUSSALAM

2019 ◽  
Vol 9 (2) ◽  
pp. 57
Author(s):  
Marina Ika Sari
Keyword(s):  
Natural Gas ◽  
Natural Resources ◽  
Oil And Gas ◽  
High Standard ◽  
Defense Budget ◽  
Income Source ◽  
Human Resource Capacity ◽  
Brunei Darussalam ◽  
Oil And Natural Gas ◽  
The Government

<p>Brunei Darussalam is a country rich of natural resources, especially oil and natural gas. The country's income source is highly dependent on oil and gas sector. The fall of world oil price had an impact on Brunei Darussalam’s economy and the government decided to cut off 25% of its defense budget in 2015. However, in 2018, Brunei Darussalam's defense budget reached B$ 492,754,700, a 12.9% increase from the previous year's budget. This research focuses on Brunei Darussalam’s oil and natural gas sectors which have an impact on its defense budget. The amount of a country's defense budget will affect its defense power, including its defense diplomacy activities. This study employs the concept of defense diplomacy. This study finds that there are several key results areas in the defense of Brunei Darussalam government, such as territorial integrity, support toward "whole-of-nation" approach, effective defence diplomacy, military involvement in international missions, high standard of human resource capacity, as well as respected and credible image of the defense organisation.</p><p><strong>Keywords:</strong> Brunei Darussalam, defense diplomacy, natural resources</p>

scholarly journals Government Management of Oil and Gas in Alberta

1969 ◽  
pp. 146
Author(s):  
Michael Crommelin
Keyword(s):  
Natural Gas ◽  
Broad Spectrum ◽  
Risk Taking ◽  
Oil And Gas ◽  
Private Enterprise ◽  
Net Benefit ◽  
Oil And Natural Gas ◽  
Government Management ◽  
The Government ◽  
Considerable Detail

The author surveys, in considerable detail, the broad spectrum of provincial legislation and regulations relating to the exploration, development, and marketing of conventional Crown-owned oil and natural gas in Alberta. He evaluates and criticizes government management of these resources by reference to two criteria. The first such criterion is that of optimum "efficiency", which the author describes as being such allocation of labour and capital at such time as will result in the maximum possible net benefit to society. The se cond criterion is that of "equity", by which is meant distribution of benefits between government and private enterprise such that those revenues, in excess of necessary costs incurred and adequate compensation for risk-taking by private enterprise, accrue to the government. In applying these criteria, the author develops several criticisms of the excisting management system. He concludes by proposing several specific changes.

Recommendations of The Ombudsman’s Dilemma: Between Law Enforcement Officials and Protection of Credibility

2018 ◽  
Vol 2 ◽  
pp. 1-12
Author(s):  
Dyah Adriantini Sintha Dewi
Keyword(s):  
Law Enforcement ◽  
Public Service ◽  
Public Services ◽  
Point Of View ◽  
Law Enforcement Officials ◽  
Muslim Majority ◽  
The Republic ◽  
The Government ◽  
The One ◽  
Oversight Body

The Ombudsman as an external oversight body for official performance, in Fikih Siyasah (constitutionality in Islam) is included in the supervision stipulated in legislation (al-musahabah al-qomariyah). Supervision is done so that public service delivery to the community is in accordance with the rights of the community. This is done because in carrying out its duties, officials are very likely to conduct mal administration, which is bad public services that cause harm to the community. The Ombudsman is an institution authorized to resolve the mal administration issue, in which one of its products is by issuing a recommendation. Although Law No. 37 of 2018 on the Ombudsman of the Republic of Indonesia states that the recommendation is mandatory, theombudsman's recommendations have not been implemented. This is due to differences in point of view, ie on the one hand in the context of law enforcement, but on the other hand the implementation of the recommendation is considered as a means of opening the disgrace of officials. Recommendations are the last alternative of Ombudsman's efforts to resolve the mal administration case, given that a win-win solution is the goal, then mediation becomes the main effort. This is in accordance with the condition of the Muslim majority of Indonesian nation and prioritizes deliberation in resolving dispute. Therefore, it is necessary to educate the community and officials related to the implementation of the Ombudsman's recommendations in order to provide good public services for the community, which is the obligation of the government.

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.

scholarly journals Fostering public accountability in South Africa: A reflection on challenges and successes

2016 ◽  
Vol 12 (1) ◽  
Author(s):  
Pandelani H. Munzhedzi
Keyword(s):  
South Africa ◽  
Public Service ◽  
Service Provision ◽  
Public Services ◽  
Public Accountability ◽  
The Public ◽  
Current State ◽  
Public Service Provision ◽  
The Republic ◽  
The Government

Accountability and oversight are constitutional requirements in all the spheres of government in the Republic of South Africa and their foundation is in the Constitution of the Republic of South Africa of 1996. All spheres of government are charged with the constitutional mandate of providing public services. The level of responsibility and public services provision also goes with the level of capacity of a particular sphere. However, most of the direct and visible services that the public receives are at the local sphere of government. As such, enormous resources are channelled towards this sphere of government so that the said public services could be provided. It is imperative that the three spheres of government account for the huge expenditures during the public service provision processes. The parliaments of national and provincial governments exercise oversight and accountability over their executives and administrations through the Public Accounts Committees, while the local sphere of government relies on the Municipal Public Accounts Committees. This article is theoretical in nature, and it seeks to explore the current state of public accountability in South Africa and to evaluate possible measures so as to enhance public accountability. The article argues that the current public accountability mechanisms are not efficient and effective. It is recommended that these mechanisms ought to be enhanced by inter alia capacitating the legislative bodies at national, provincial and local spheres of the government.

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