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Journal : Hang Tuah Law Journal

Adaptation of Contract Models of Oil and Gas: A Comparative Study Husna, Cut Asmaul; Hastuti, Lina; Prihandono, Iman
Hang Tuah Law Journal VOLUME 1 ISSUE 1, APRIL 2017-SEPTEMBER 2017
Publisher : Universitas Hang Tuah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30649/htlj.v1i1.9

Abstract

Differences in law systems, constitution, legislation, and regimes in oil and gas business across the world enforce to have a comparative study by extending laws in oil and gas. It is, from global perspective, implemented a constant demand to the law to take essentialization categories as its base. Nature required universalism, an analysis of valid and constant law sifted toward cosmopolitan law. Manifestation of globalization was transformed and corresponded to natural regulations in adapting a contract model. Oil and gas and its exploring development within global law systems included Civil Law, Common Law, Socialist Law, Scandinavia Law, and Islamic Law. Important discoveries in oil and gas sector, therefore, might have changes by universally global cosmopolitan law.
THE PRINCIPLE OF INTERNATIONAL LAW FOR MOST FAVOURED NATION IN THE DEVELOPMENT OF SHALE HYDROCARBON AND COAL BED METHANE Husna, Cut Asmaul
Hang Tuah Law Journal VOLUME 3 ISSUE 1, APRIL 2019-SEPTEMBER 2019
Publisher : Universitas Hang Tuah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30649/htlj.v3i1.87

Abstract

New energy sources in the future such as Shale Hydrocarbon and Coal Bed Methane are very potential in Indonesia. International companies of natural gas and oil such as United States and Canada have been considering themselves to do investment in this sector since 2005. A global challenge such as oil price deflation in 2017 and 2018 decreases investment value of Indonesia natural gas and oil. It expects that strategies of policy and planning of domestic/foreign investors may invest their assets in Indonesia gas and oil and find many new opportunities such as production development of non-conventional natural gas and oil (i.e., MGNK) by prioritizing the principle of equal treatment without any racial discrimination on its origin based on Article 3 subsection (1) of Act No. 25/ 2007 about Capital Investment and Ministerial Decree of Energy and Mineral Source No. 26/ 2017 about the Mechanism of Investment Return on Oild-and-Gas Upstream Business Activities to provide legal assurance in investment climate.