“ … 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.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Monday, August 31, 2009

Oil firms to spend $3.7b for drilling

Alfian, The Jakarta Post, JAKARTA | Mon, 08/31/2009 11:31 AM

Oil and gas contractors are expected to spend US$3.73 billion on drilling activities this year, 17 percent higher than in 2008, signaling intensified efforts to bolster the country’s oil and gas output.

“Of the total $12.94 billion investment planned to be spent by the contractors this year, $3.37 billion will be spent on drilling activities,” upstream oil and gas regulator BPMigas chairman R. Priyono said last week.

As the sector’s regulator, BPMigas has received business plans from oil and gas companies business for the year, including their investment projections.

Oil and gas companies’ actual spending for drilling activities last year was $2.89 billion, data from BPMigas shows.

Priyono said the increase in the drilling spending this year was because the contractors planned to drill more wells this year.

Last year, contractors drilled 901 wells, data from BPMigas shows, while for 2009, 1,273 wells will be drilled.

“Several smaller contractors may reduce their drilling activities due to the global financial crisis, but other contractors plan to drill more wells this year,” Priyono said.

He pointed out domestic drilling companies should be able to benefits from the intensified drilling activities.

Tito Kurniadi, chairman of the Indonesian Oil and Gas Drilling Association (APMI), said Indonesian drilling companies currently operated a total of 165 drilling rigs.

“We have a strong capacity for onshore drilling, but our capacity is still limited to offshore drilling,” he said.

Tito added the number of rigs operated by the association’s members might increase this year due to the higher drilling demand.

However, he pointed out, the domestic drilling companies might face financial challenges in trying to meet the increasing demand.

“In financing a project, banks require that the contract last at least five years,” he said.

“However, most drilling contracts between oil and gas contractors and us, the drilling companies, last only three years.”

In response, Priyono said BPMigas might in the future order oil and gas contractors operating in the same regions to make joint contracts for drilling procurements.

“Currently, drilling contracts are made between an oil and gas company and a drilling company,” he said.

“In the future, contractors operating in the same regions may make joint contracts for drilling service procurement.”

He added that under this system, drilling companies would secure order continuity for themselves.

“This will be safer for the drilling companies and also for the banks [that provide them with loans],”he said.

Priyono added any such joint contract would require strong coordination among APMI members.

Tito said the system was still being discussed.

“The point is, we and domestic banks will continue our synergy,” he said.

Asmawi, a director of Bank Rakyat Indonesia (BRI), said the investment in the drilling industry remained interesting to the bank.

“We see this as long-term investment, because drilling rigs aren’t just used once,” he said.

There are 231 oil and gas contractors currently operating in Indonesia, with 63 of them in the production stage.

As of Aug. 17, the total oil production by all contractors has reached 950,000 barrels of oil per day on average, or 99 percent of the production target set by the government.

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Sunday, August 30, 2009

PM plans 24 expressways totalling 2,300km, plus more public transport

Viet Nam News, (29-08-2009)

HCM CITY — Viet Nam plans to build 24 expressways and expressway sections with a total length of 2,381 km by 2020, as approved by Prime Minister Nguyen Tan Dung.

Under the plan to 2020 with a vision to 2030, all national roads will meet technical standards by 2020.

Workers at Thang Long Construction Corporation spead asphalt on the under-construction high-way from HCM City to Long An. Viet Nam plans to build 24 expressways with a total length of 2,381km by 2020. —VNA/VNS Photo Thanh Nhan

Construction of all large bridges will be completed and all bridges in disrepair on national roads will be rebuilt by 2020. All footbridges made from trees and bamboo will be replaced by concrete bridges, and provincial roads will be paved with asphalt or cement.

Wider roads

Roads wide enough for cars to travel to the centre of communes will also be built.

The plan envisages rapid development of public transport in large urban areas, especially in Ha Noi and HCM City.

It also calls for a transport infrastructure network and public transport facilities for people with disabilities.

The plan targets 5.5 billion passenger trips within a year by 2020, and freight volume of 760 million tonnes by 2020.

By 2020, the country is expected to have about 2.8-3 million automobiles.

The plan also aims to control the increasing number of individual vehicles, resolve traffic jam problems and ensure urban traffic safety. It aims to offer safe transpor at reasonable prices.

To 2030, the plan calls for the completion of the modernisation of road infrastructure, which will include the construction of more expressways, expressway sections, urban roads and beltway roads. — VNS

Saturday, August 29, 2009

US$895.26 million gas sales contracts signed

Alfian , The Jakarta Post , Jakarta | Fri, 08/28/2009 10:08 PM

Three gas sales contracts worth a total of US$895.26 million were signed Friday in Jakarta.

“Two of the contracts are amendments to existing gas sales contracts, while [the third] contract is a new gas sales contract,” upstream oil and gas regulator BPMigas’s deputy for operations, Budi Indianto, said in a contract signing ceremony.

The first contract is the 12 years-gas sales contract from producer Kalila (Bentu) Ltd to state-owned power utility PT Perusahaan Listrik Negara (PLN).

Under the contract, Kalila will supply between 15 billion British thermal unit per day (BBTUD) and 30 BBTUD of gas to a PLN’s power plant in Pekanbaru, Riau Province. The contract value is $678 million.

The second contract covers a sale from PT Pertamina EP, a subsidiary of state oil and gas company PT Pertamina, to oil and gas company VICO. Under the contract, Pertamina EP will supply 1 BBTUD of gas to VICO within six months.

“The gas will be used to increase efficiency of fuel usage at VICO’s oil and gas fields,” BPMigas’s chairman R. Priyono said. The contract is valued at $0.69 million.

The Friday contract signing also included a gas sales agreement from a joint operating body (JOB) Pertamina and Medco E&P Simenggaris (JOB PMEP Simenggaris) to a buyer consortium of PT Pertamina Gas and PT Medco Gas Indonesia.

The 11 year contract is valued at $216.57 million, with JOB PMEP Simenggaris supplying 20 BBTUD of gas to the same consortium to fuel their methanol plant in Bunyu Island, East Kalimantan.

Honda Freed production line to be expanded

Mustaqim Adamrah , The Jakarta Post , JAKARTA | Sat, 08/29/2009 12:58 PM

Japan-based carmaker PT Honda Prospect Motor (HPM) plans to expand its local production capacity from 50,000 units annually to 60,000 to fulfil its plans to export its newly released Honda Freed.

HPM marketing and after sales service director Jonfis Fandy said Friday this expansion in capacity was urgent as demand for the Honda Freed had so far reached 5,000 units by the end of this month, forcing the company to cut production of the Honda Jazz and the CR-V.

Honda Freed

As a result, he said, consumers had to wait for three months to get their Honda Freeds.

Sales of Honda Freeds are expected to exceed 4,000 units this month, he said. However this was still 20 percent under current monthly demand, hence the delays in meeting customer’s orders.

“We increased production capacity of the Freed by 50 percent to 1,500 units a month in July by sacrificing the production levels of the CR-V and Jazz,” Jonfis said.

“So, we have decreased the production levels of these two models on purpose. It’s not true that Jazz and CR-V sales have weakened.”

HPM’s parent company Honda Motor Corp. has appointed a local company, which already has an assembly plant in Karawang, West Java, to become the production hub for the expanding production line for the Honda Freed, which was only launched in June, in the Southeast Asian region, but is already seen as a marketing success.

Jonfis said HPM would start to export a total of 30 Honda Freeds to Brunei Darussalam and Singapore next month, while it was still waiting for another call from Thailand that it should step up exports destined for that market.

“Exports (of Honda Freed) are expected to start next year,” he said.

Industry Ministry director for land and military transportation industries Panggah Susanto confirmed HPM’s plan to export the Honda Freed model from its Indonesian assembly line.

The Freed was launched in Japan in May 2008, and in March 2009 in Indonesia. It was nominated the Best Value Minivan in Japan Car of the Year 2008-2009. Its initial success may be attributed to good design, anticipating customer needs and improved consumer confidence.

Honda chose the minivan’s name to stand for “free + do” (Freed), meaning passengers can move about freely in the cabin and do whatever they please, especially children, who can play when the rear seat is folded down. This type of consideration is critical to the success of the vehicle.

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Wednesday, August 26, 2009

Indonesia's Garuda says plans to raise up to $400 mln in IPO

Reuters, Wed Aug 26, 2009 7:32am EDT

JAKARTA, Aug 26 (Reuters) - Indonesia's flag carrier PT Garuda Indonesia plans to raise up to $400 million in an initial public offering in June next year to fund its expansion, a senior executive said on Wednesday.

President Director Emirsyah Satar told Reuters that the firm plans to hold the IPO in June 2010, but details of the offering, such as the percentage of shares that are going to be privatised and the underwriter, are still being discussed.

"The target is to raise $300 million to $400 million, which will be used to strengthen our capital structure as well as for expansion," said Satar.

Indonesia's airline industry has been hit by several serious accidents in recent years, prompting the European Union to ban all Indonesian airlines from entering its airspace.

Garuda was one of four Indonesian airlines to be taken off the list of banned airlines recently, following safety improvements, and it now hopes to start flights to Amsterdam.

Analysts said the IPO would probably be well-received as Garuda may benefit from rising demand for domestic air travel.

"Garuda's IPO will really support the firm's financial condition as the funds raised from the IPO can be used to pay (down) its debt, decreasing the burden and making it possible to buy new planes for expansion," said Norico Gaman, head of research in brokerage firm PT BNI Securities.

Garuda is in the process of restructuring its debts, which it expects to complete in two months.

Gaman also said the IPO would encourage good corporate governance and efficiency, enabling the airline to compete in Indonesia's crowded airline market.

Transportation ministry data shows there are 15 scheduled commercial airlines in Indonesia, some of which also serve international routes. In September 2008, an Indonesian parliamentary commission approved the government's plan to privatise several state firms including Garuda, but the global financial crisis meant share sales were postponed. (Reporting by Tyagita Silka; Editing by Sara Webb)