X

Sign Up To Our Free Newsletter

Join Now

Thanks for subscribing to our free newsletter!

ERROR

  • 3 minutes Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Scientists Warn That Filling The Sahara With Solar Panels Is A Bad Idea
  • 11 minutes United States LNG Exports Reach Third Place
  • 15 minutes Joe Biden's Presidency
  • 3 hours U.S. Presidential Elections Status - Electoral Votes
  • 17 hours Interest article about windmills and waterwheels in Europe
  • 2 days Speaker Pelosi, "Tear Down This Wall"
  • 1 day Chance for (Saudi)Arabian peninsula having giant onshore Gas too?
  • 12 hours Retired RAF pilot wins legal challenge over a wind farm
  • 2 days NYT:  The Supreme Court’s order (Re:  Trump’s tax returns) set in motion a series of events that could lead to the startling possibility of a criminal trial of a former U.S. president
  • 2 days Disaster looming in UK offshore wind power
  • 1 day “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova

Southeast Asia Energy Advisory

This week our advisory for investors focus on India and Indonesia, where new oil and gas blocks are up for offer, and Pakistan, where the government is banking on a massive privatization plan that includes the state oil company and refinery—big profit makers.

INDIA

Last weekend, the government of India announced it was putting 46 new oil and gas blocks up for auction, but bidding rules have not yet been defined so investors remain wary. Here are the details for potential investors:

•    The new blocks include 14 deep-water, 15 shallow-water and 17 onshore, covering a total of 94 364 km2  of deep water, 47 745 km2 of shallow water , and 23,944 km2 on land
•    We don’t yet have the details, but the government is expected to release the auction policies within the next few weeks
•    We do know that this will be the first time independent companies will be allowed to acquire a single license for exploration and development

This has not been a terribly attractive venue in the past due to heavy regulations, and there is still much uncertainty about this upcoming auction, but we will be monitoring the progress closely. Previous auctions required bidders to enter production-sharing agreements with the government. The Ministry has been pushing for revenue-sharing agreements instead. If this is pursued, it would have to be approved by a government committee, which would delay…




Oilprice - The No. 1 Source for Oil & Energy News