Indonesian oil and gas development is stalling in 2010 with state revenue from the sector falling US$6.36 billion, down 25 percent on 2009, and direct investment falling to $12.18 billion from $13.77 targeted, down from $13.52 billion in 2008. Waryono Karno, secretary-general at the Indonesian Energy and Mineral Resources Ministry confirmed the failure to find new investors for most of the 40 oil and gas blocks offered government in 2008 ...