Download or read book Investment Policies of National Oil Companies written by Abderrahmane Megateli and published by Greenwood. This book was released on 1980 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Investment Policies of National Oil Companies written by Abderrah Megatelli and published by Praeger. This book was released on 1980-05-15 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Petroleum Investment Policies in Developing Countries written by Nicky Beredjick and published by Springer Science & Business Media. This book was released on 1988 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Twelve chapters cover a wide variety of topics, including finance, contracts, political risk insurance, legal issues, economics, and technical cooperation. All treatment of these subjects focuses on conditions expected to exist in the mid 1990s. No subject index or bibliography. Annotation copyright
Download or read book National Oil Companies and Value Creation written by Silvana Tordo and published by World Bank Publications. This book was released on 2011-07-13 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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?
Download or read book The Role of National Oil Companies in the International Oil Market written by and published by . This book was released on 2007 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the United States, the term "big oil companies" is likely to be taken to mean the major private international oil companies, largely based in Europe or America. However, while some of those companies are indeed among the largest in the world, by many important measures, a majority of the largest oil companies are state-owned, national oil companies. By conventional definitions, national oil companies hold the majority of petroleum reserves and produce the majority of the world's supply of crude oil. Since national oil companies generally hold exclusive rights to exploration and development of petroleum resources within the home country, they also can decide on the degree to which they require participation by private companies in those activities.
Download or read book Role of National Oil Companies in the International Oil Market written by Robert Pirog and published by DIANE Publishing. This book was released on 2011-04 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the U.S., the term ¿big oil co.¿ is likely to be taken to mean the major private international oil co., largely based in Europe or America. However, while some of those co. are indeed among the largest in the world, a majority of the largest oil co. are state-owned, national oil co. (NOC). NOC hold the majority of petroleum reserves and produce the majority of the world¿s supply of crude oil. NOC hold exclusive rights to exploration and development of petroleum resources within the home country, they also can decide on the degree to which they require participation by private co. in those activities. Contents of this report: Market Position of NOC; Objectives and Characteristics of NOC; Policy Analysis. Tables. This is a print on demand report.
Download or read book National Oil Companies written by Leslie E. Grayson and published by Chichester [West Sussex] ; New York : Wiley. This book was released on 1981 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Petroleum Policies and National Oil Companies written by Abderrahmane Megateli and published by . This book was released on 1978 with total page 1036 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ownership and Control of Oil written by Bianca Sarbu and published by Routledge. This book was released on 2014-05-09 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ownership and Control of Oil examines government decisions about how much control to exert over the petroleum industry, focusing on the role of National Oil Companies in the production of crude oil since the nationalizations in the 1970s. What are the motives for which some producing states opt for less and NOT more control of their oil production sector? When can International Oil Companies enter the upstream industry of producing states and under what conditions? The diversity of policy choices across producers provides the stage for this investigation: different theoretical explanations are confronted, with the empirical evidence, with the aim of finally proposing an interdisciplinary framework of analysis to explain who controls oil production around the world. This book is intended for both specialists and general readers who have an interest in the issue of government control of the petroleum industry. Due to its multidisciplinary approach, the book is aimed at a large academic public composed of scholars of Political Science, International Political Economy, Comparative Politics, and Middle East Area Studies. Moreover, this book should be relevant to international consultants, industry professionals and decision-makers in countries assessing their experience with existing control structures as well as the many countries in the process of joining the ‘petroleum club’ of oil producing nations.
Download or read book National Oil Companies written by Saud Al-Fattah and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides an assessment and a review of the national oil companies' (NOCs) business models, challenges and opportunities, their strategies and emerging trends. The role of the national oil company continues to evolve as the global energy landscape changes to reflect variations in demand, discovery of new ultra-deep water oil deposits, and national and geopolitical developments. NOCs, traditionally viewed as the custodians of their country's natural resources, have generally owned and managed the complete national oil and gas supply chain from upstream to downstream activities. In recent years, NOCs have emerged not only as joint venture partners globally with the major oil companies, but increasingly as competitors to the International Oil Companies (IOCs). Many NOCs are now more active in mergers and acquisitions (M&A), thereby increasing the number of NOCs seeking international upstream and downstream acquisition and asset targets. Asian state-owned companies of NOCs, most prominently from China and India, are at the forefront of strategic cross-border investments as their governments seek to prepare for long-term energy supply challenges. At the same time, increasing oil wealth brought about by rising oil prices has encouraged governments as diverse as Russia, Venezuela, Bolivia, and Ecuador to give greater political and economic leverage to their national energy champions. This is achieved in their local market through revisions to constitutional laws, contracts, tax and royalty structures. Also, the NOCs have begun to enter the international market, engaging in strategic investment activities and acquiring full or partial control of foreign companies in sectors of strategic interest for national development. Within the GCC region, there are a number of national oil companies that have capabilities to expand beyond serving their domestic markets. This process is, in part, being hindered by the inadequacy of corporate structures and the lack of information in the GCC region. Globally, it is being hindered by the rise of economic nationalism and the debate around economic sovereignty, security, and ownership of assets, and the perception in the west that NOCs should not seek to acquire international oil companies and assets. Undoubtedly, political considerations influence and impact the international investment policy of NOCs. The emerging trend driven by the rise of NOCs has shifted the balance of control over most of the world's hydrocarbon resources. In the 1970s, the NOCs (super majors) controlled less than 10% of the world's hydrocarbon resources, while in 2012 they control more than 90%. This shift has enabled NOCs to increase their ability to access capital, human resources and technical services directly, and to build in-house competencies. Further, NOCs have been increasing their ability to conduct outsourcing activities for many operations through the oilfield services companies (OFSCs), thus increasing their range of competence.
Download or read book The Changing Role of National Oil Companies in International Energy Markets written by and published by . This book was released on 2007 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Update on Overseas Investments by China s National Oil Companies written by Association internationale pour l'évaluation du rendement scolaire and published by . This book was released on with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Chinese NOCs first ventured overseas to invest in oil and gas production more than 20 years ago. Today, they have emerged to become international players with activities spreading across more than 40 countries and producing 2.5 million barrels of oil equivalent per day (mboe/d) of oil and gas outside of China. Chinese companies have contributed much-needed investments in global oil and gas production. This report provides an update on overseas activity by China's National Oil Companies (NOCs) between 2011 and 2013 and is a follow-up publication of IEA's previous report in 2011, Overseas Investments by Chinese National Oil Companies: Assessing the Drivers and Impacts. It aims to examine the trends exhibited by investments made by Chinese NOCs and the risks and challenges they face today and raised the question if China's long standing non-interference foreign policy could still be valid given China's worldwide commercial interests, including those of the NOCs'
Download or read book A study of the emergence development and role of the national oil companies of Iran Kuwait and Saudi Arabia written by Narsi Ghorban and published by . This book was released on 1978 with total page 776 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Managing Political and Investment Risk in the International Oil and Gas Industry written by and published by . This book was released on 2015 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: The effectiveness with which political and investment risk are managed in the oil and gas industry are important for several reasons. First, oil and gas are essential for sustaining current economic activity and promoting economic growth. Second, the balance between supply and demand determines the price of oil and gas. Therefore the price and availability of oil and natural gas are also matters of national security. Third, the search for a secure supply of oil and gas affects the political, military and economic relations between countries. This study addresses four questions. What institutions and strategies are available for managing political and investment risk in the international oil and gas industry? How and when did they develop? In what circumstances is each used? How effective have they been? The institutions available for managing risk include oil and gas exploration contracts, domestic courts, national constitutions, bilateral investment treaties, multilateral investment treaties, governmental and non-governmental regulatory agencies and international energy forums. The organizations that manage uncertainty and risk include international oil companies, oil service companies, national oil companies, and public and private providers of financial capital and insurance. Their strategies include corporate finance, joint ventures, project finance, alliances and energy diplomacy. This study supports the view that existing institutions change and new institutions are created when organizations perceive that a change in the status quo will enhance the profitability of existing projects and make new projects economically feasible. However, institutional development takes place in steps; and frequently involves several organizations, some trying to change the existing institutional environment and others trying to preserve it. Finally, the institutions supporting the international oil and gas industry can be arranged in a hierarchy based on their relative importance. Contracts, informal relationships and financial transparency are the most important institutional mechanisms used by international oil and natural gas companies to manage risk. The second line of defense includes domestic law, bilateral treaties, and international courts and tribunals. A third line of defense includes multilateral treaties and international forums
Download or read book Developing Global Champions written by Andrew Cheon and published by . This book was released on 2019 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: National oil companies (NOCs) have invested hundreds of billions of dollars in foreign oil and gas assets. Why have some governments increased their NOC outward investments, while others have not? I argue that domestic structures can influence a government's calculus that potential benefits, such as added revenues and fuel supply, outweigh potential costs, such as information asymmetries and inefficiencies associated with NOCs. Nationally, partisan competition limits democratic tolerance for failures by NOCs. Bureaucratically, overlapping authority in energy policy undermines coherent NOC governance. Based on investments by NOCs hailing from 79 countries, 2000-2013, I find robust evidence for the national hypothesis.
Download or read book Oil Titans written by Valerie Marcel and published by Brookings Institution Press. This book was released on 2007-05-01 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and Chatham House publication Ninety percent of the world's oil reserves are entrusted to state-owned companies. Originally created as political instruments, these so-called national oil companies (NOCs) face new demands amid today's dwindling oil reserves and simmering social pressures. Increasingly, state-owned oil firms—particularly in the Middle East—are having to balance the political demands of their governments with the need to be commercially competitive. In this ground-breaking new volume, Valerie Marcel draws on unprecedented access to the politicians, engineers; and businessmen directing five Middle Eastern state oil companies to shed light on one of the most secretive segments of the international oil industry. The author tells the stories of Saudi Aramco, Kuwait Petroleum Corp., the National Iranian Oil Co., Sonatrach of Algeria, and the Abu Dhabi National Oil Co.—oil titans which together produce one quarter of the world's oil and hold half of the world's known oil and gas reserves. Dr. Marcel explains the complex bond between each state and its oil company, tracing the relationship's evolution from the politically charged days of foreign concessions to today's world of profit-driven decisionmaking. Drawn from over 120 interviews with company executives, middle managers, and oil-ministry officials, the author identifies a number of surprising new trends in these companies' strategy, and she paints a picture of their nascent sense of corporate identity. The book provides rare, up-to-date insight into how state-owned companies are striking a balance between their national mission and their commercial needs. The book also provides an insider's guide to these companies' unique culture. Executives and researchers in the region—both inside and outside the oil industry—will find it a valuable tool for understanding business in the Middle East.
Download or read book The Oil Business and the State written by Øystein Noreng and published by Routledge. This book was released on 2021-10-18 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
