IMO 2020 Global Sulfur Cap on Marine Fuels

Commencing from 1 Jan 2020 the new "Global Sulfur Cap" mandated by the IMO or International Maritime Organization, comes in to full force and effect. The Cap will require the world's ocean shipping fleets to reduce and limit the maximum permissible sulfur content of the distillate and residual marine fuel oils they use from today’s maximum of 3.5% to a new maximum of 0.5% sulfur. The new sulfur limit regulations are known as "IMO 2020" and are intended to make a significant contribution to air pollution reduction by reducing global SOx emissions from ships' engines by 77% or 8.5 million metric ton per year. IMO 2020 has been ratified by 91 member countries of the IMO, the agency of the United Nations responsible for regulating global shipping.

Indonesia Energy Outlook 2018

Indonesia is the largest energy consumer in Southeast Asia and fifth largest in Asia Pacific, only after China, India, Japan and South Korea. High GDP growth (est. ~ 6.04% per year between 2017-2050) is expected to increase fuel demand.

Enticing Growth Opportunity, Strong Fundamentals

Good investment opportunities come in different shapes and sizes, and (of course) places. The one characteristic shared in common between all good investment opportunities is strong fundamentals. Continental Energy Corp. has identified, targeted, and is now executing on such an opportunity.

The 20 best countries to invest in now

Guided by a report from the World Bank Group, U.S. News identified the best countries to invest in for 2018. Ranking is based on entrepreneurship, economic stability, favorable tax environment, innovation, skilled labor, technological expertise, dynamism, and corruption. Indonesia ranks in second place. 

Continental Energy to build small scale oil refinery in East Kalimantan

Continental Energy Corporation establishes Indonesian subsidiary and receives a foreign direct investment license to build, own, and operate a crude oil refinery at the KIPI Maloy port and industrial park, a special economic zone located in the Kutai Timur Regency of East Kalimantan Province, Indonesia.

BKPM to Take Over Downstream Oil and Gas Licensing

Morgan Lewis summarizes the recent delegation of authority by the Minister of Energy to the Indonesian Investment Coordinating Board (aka BKPM) in issuing certain licenses for oil and gas activities. The move is widely expected to fast-track and simplify licensing of investments through the "Single Window for Investments" program.