Author: J. E. Hartshorn
Publisher: London : Faber
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 422

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Book Description

Author: United States. Office of International Energy Affairs
Publisher:
ISBN:
Category : Industrial policy
Languages : en
Pages : 224

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Book Description
USA. Report on the relationship between multinational enterprises in the petroleum industry and OPEC government policies - includes case studies of the present situation and future trends in 30 countries. Statistical tables.

Author: Jack Ernest Hartshorn
Publisher:
ISBN:
Category :
Languages : en
Pages : 364

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Book Description

Author: Oystein Noreng
Publisher: Routledge
ISBN: 1317222946
Category : Business & Economics
Languages : en
Pages : 273

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Book Description
Originally published in 1980, this book presents a comparative analysis of British and Norwegian oil policies, focusing on the interdependence and bargaining relationship between governments and oil companies, as well as the policy choices, concerns and constraints for the two governments. The perspective is largely that of a government planner, whose main concerns are the long-term and complex interests of the state, orderly development as well as social and political stability.

Author: United States. Congress. Senate. Committee on Government Operations. Permanent Subcommittee on Investigations
Publisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 156

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Book Description

Author: Øystein Noreng
Publisher: Routledge
ISBN: 1000467155
Category : Business & Economics
Languages : en
Pages : 228

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Book Description
National oil companies are big business with about 80 percent of the world’s proven oil reserves, and they are crucial to the world’s energy supplies. They are giants, some of the world’s largest companies, measured by market capitalisation, cash flow and investment. Little is known about their modus operandi, how they make decisions about investment and production or about relations with their government-owners. However, it is known that they conduct business with a political mandate, often with multiple long-term objectives, broadly defined and hard to quantify. Unclear mandates give national oil companies leeway to pursue their own distinctive interests, apart from those of the government-owner. As investors, governments are less zealous than private investors. They generally observe multiple objectives, not only return on capital. Therefore, the senior management of national oil companies enjoy more discretionary power and consider longer time horizons than their counterparts in the private sector. The Oil Business and the State explains the practice of state ownership in a capital-intensive industry with high risks and high return, and how these companies act in a market with imperfect competition. This book looks to give readers more insight into the oil industry, into the background of oil exporting countries as well as the economic and political challenges confronting them, including problems of state ownership. The book discusses wider consequences of China replacing the United States as the world’s leading oil importer. It will be of interest to researchers, academics and students in the fields of international business, management history, corporate governance, political economy and economic development of oil-rich countries.

Author: Bernard Taverne
Publisher:
ISBN: 9789041145635
Category : Offshore oil industry
Languages : en
Pages : 0

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Book Description
In sharp contrast to the globally expressed concern regarding the emission of CO2 stemming from the burning and combustion of fossil fuels, and the ongoing efforts to establish a new global Climate Agreement with binding commitments towards curbing such emissions, the demand for petroleum, next to coal making up the fossil fuels, is strong and as far as foreseeable will remain strong in the coming decades. Clearly, it is not expected that Government climate change policies following from the intended Climate Agreement will have much impact on the demand for both oil and natural gas in the coming years. There are good reasons for this at first sight surprising situation (and likewise for the fact that in any country the discovery of a new oil or gas field still may count on a warm welcome by the government concerned and the general public). In the first place there are no realistic, practical or cost-effective alternatives for the many sectors in the economy for which oil products and natural gas presently supply in varying degrees either the energy or the feedstock. In the second place, natural gas itself may serve as an alternative: in this case serving as an alternative for coal in the power sector due to the fact that natural gas scores much better than coal on the CO2-emission table, and that there are no realistic and practical non-fossil alternatives for this sector available, at least as long there is a strong public opposition against the use of nuclear energy. The latest statistics and projections about the total of remaining recoverable reserves, including proven reserves, make clear that the petroleum industry by further exploration and application of sophisticated production techniques, many times in extreme areas and/or under extreme conditions, must be expected to be able to satisfy any reasonable demand as currently projected. This third edition has been fully updated not only as far as statistics go but also with respect to petroleum legislation. But legislation, treaties, etc. that have lost their relevance have been deleted. Furthermore, the separation between licence-based petroleum legislation (Western countries) and contract-based petroleum legislation (non-Western countries) has been brought out more clearly and sharply in line with recent developments.

Author: United States. Department of Energy. Office of the Assistant Secretary for International Affairs
Publisher:
ISBN:
Category : Energy industries
Languages : en
Pages : 424

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Book Description

Author: Louis Turner
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 248

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Book Description

Author: Silvana Tordo
Publisher: World Bank Publications
ISBN: 0821388312
Category : Business & Economics
Languages : en
Pages : 149

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Book Description
National Oil Companies (NOCs) directly or indirectly control the majority of oil and gas reserves. As such, they are of great consequence to their country's economy, to importing countries' energy security, and to the stability of oil and gas markets. The paper analyzes the available evidence on the objectives, governance and performance of 20 NOCs from both net importing and net exporting countries, and draws conclusions about the design of policies and measures that are more likely to lead to social value creation. NOCs differ from private companies on a number of very important variables, including the level of competition in the market in which they operate, their business profile along the sector value chain, and their degree of commercial orientation and internationalization. Most share some core characteristics: they are usually tied to the 'national purpose' and serve political and economic goals other than maximizing the firm's profits. This paper introduces a conceptual model to analyze value creation by NOCs that takes into consideration their complex objective function. Our analysis aims to answer the following questions: Are certain corporate governance arrangements more suited than others to promote value creation? Is good geology a pre-condition for NOC value creation? Are there benefits from exposing the NOC to competition from private oil companies? Does the development of forward and backward linkages hamper NOC value creation?