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 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: Approximately two billion dollars a day of petroleum are traded worldwide, which makes petroleum the largest single item in the balance of payments and exchanges between nations. Petroleum represents the larger share in total energy use for most net exporters and net importers. While petroleum taxes are a major source of income for more than 90 countries in the world, poor countries net importers are more vulnerable to price increases than most industrialized economies. This paper has five chapters. Chapter one describes the key features of upstream, midstream, and downstream petroleum operations and how these may impact value creation and policy options. Chapter two draws on ample literature and discusses how changes in the geopolitical and global economic environment and in the host governments' political and economic priorities have affected the rationale for and behavior of National Oil Companies' (NOCs). Rather than providing an in-depth analysis of the philosophical reasons for creating aNOC, this chapter seeks to highlight the special nature of NOCs and how it may affect their existence, objectives, regulation, and behavior. Chapter three proposes a value creation index to measure the contribution of NOCs to social value creation. A conceptual model is also proposed to identify the factors that affect value creation. Chapter four presents the result of an exploratory statistical analysis aimed to determine the relative importance of the drivers of value creation. In addition, the experience of a selected sample of NOCs is analyzed in detail, and lessons of general applicability are derived. Finally, Chapter five summarizes the conclusions.

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 Oil and Governance written by David G. Victor and published by Cambridge University Press. This book was released on 2011-12-08 with total page 1035 pages. Available in PDF, EPUB and Kindle. Book excerpt: National oil companies (NOCs) play an important role in the world economy. They produce most of the world's oil and bankroll governments across the globe. This book explains the variation in performance and strategy for NOCs and provides fresh insights into the future of the oil industry.

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.

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 Saudi Aramco 2030 written by Mohamed A. Ramady and published by Springer. This book was released on 2018-08-29 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the strategic shift in ownership of Aramco, the Saudi Arabian Oil Company, and its potential impact on Aramco's role in a post- privatized world. Scheduled to become an IPO in 2018, Aramco is on the verge of becoming the largest IPO on the market. As the world’s largest oil and gas company, Aramco’s impending privatization has important implications for the world’s petroleum market. This book, therefore, undertakes an analysis of Aramco, examining its history, its current role in Saudi Arabia’s economy, and its future role as an IPO. The chapters highlight the likely outcomes for Aramco in proceeding with its planned IPO and privatization, as well as the various policy options and models available to it by drawing on the privatization of other national oil companies in Norway , Russia, Brazil, and China. The book also explores the complexities that will be involved in transforming Saudi Aramco to a privatized company—albeit with significant government oversight and control—and addresses key questions on the issues likely to be faced, such as IPO pricing, the listing, domain, and market capacity, and potential stakeholders. As such, this book will be of interest to academic researchers studying energy economics, energy policy, and the political economy of the Middle East, as well as private sector decision makers in energy related fields, international organizations, international oil companies, energy commodity traders, and public sector energy policy makers with interest in Saudi Arabia and Aramco’s IPO.

Download or read book State Owned Multinationals written by Alvaro Cuervo-Cazurra and published by Springer. This book was released on 2017-10-24 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a deep understanding of state-owned multinationals (SOMNCs) and their role in global business. SOMNCs have emerged as a force to contend with in global competition, and their study connects several fields such as economics, political economy, international business and global strategy. This prestigious collection of articles presents insights into the interaction between government ownership and internationalization, and aims to provoke new research approaches and insights on the topic. The book includes some of the key contributions to our understanding of these firms and new commentaries explaining how to analyze them. This book is essential reading for academics and consultants looking to gain a clearer understanding of SOMNCs and how to research them.

Download or read book Reliable Affordable and Environmentally Sound Energy for America s Future written by United States. National Energy Policy Development Group and published by Group Publishing (Company). This book was released on 2001 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Global Energy Governance written by Andreas Goldthau and published by Rowman & Littlefield. This book was released on 2010-03-01 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and Global Public Policy Institute publication The global market for oil and gas resources is rapidly changing. Three major trends—the rise of new consumers, the increasing influence of state players, and concerns about climate change—are combining to challenge existing regulatory structures, many of which have been in place for a half-century. Global Energy Governance analyzes the energy market from an institutionalist perspective and offers practical policy recommendations to deal with these new challenges. Much of the existing discourse on energy governance deals with hard security issues but neglects the challenges to global governance. Global Energy Governance fills this gap with perspectives on how regulatory institutions can ensure reliable sources of energy, evaluate financial risk, and provide emergency response mechanisms to deal with interruptions in supply. The authors bring together decisionmakers from industry, government, and civil society in order to address two central questions: •What are the current practices of existing institutions governing global oil and gas on financial markets? •How do these institutions need to adapt in order to meet the challenges of the twenty-first century? The resulting governance-oriented analysis of the three interlocking trends also provides the basis for policy recommendations to improve global regulation. Contributors include Thorsten Benner, Global Public Policy Institute, Berlin; William Blyth, Chatham House, Royal Institute for International Affairs, London; Albert Bressand, School of International and Public Affairs, Columbia University; Dick de Jong, Clingendael International Energy Programme; Ralf Dickel, Energy Charter Secretariat; Andreas Goldthau, Central European University, Budapest, and Global Public Policy Institute, Berlin; Enno Harks, Global Public Policy Institute, Berlin; Wade Hoxtell, Global Public Policy Institute, Berlin; Hillard Huntington, Energy Modeling Forum, Stanford University; Christine Jojarth, Center on Democracy, Development, and the Rule of Law, Stanford University; Frederic Kalinke, Department of Politics and International Relations, Oxford University; Wilfrid L. Kohl, School of Advanced International Studies, Johns Hopkins University; Jamie Manzer, Global Public Policy Institute, Berlin; Amy Myers Jaffe, James A. Baker Institute for Public Policy, Rice University; Yulia Selivanova, Energy Charter Secretariat; Tom Smeenk, Clingendael International Energy Programme; Ricardo Soares de Oliveira, Department of Politics and International Relations, Oxford University; Ronald Soligo, Rice University; Joseph A. Stanislaw, Deloitte LLP and The JAStanislaw Group, LLC; Coby van der Linde, Clingendael International Energy Programme; Jan Martin Witte, Global Public Policy Institute, Berlin; Simonetta Zarrilli, Division on International Trade and Commodities, United Nations Conference on Trade and Development.

Download or read book Composition and Properties of Drilling and Completion Fluids written by Ryen Caenn and published by Gulf Professional Publishing. This book was released on 2011-09-29 with total page 721 pages. Available in PDF, EPUB and Kindle. Book excerpt: The petroleum industry in general has been dominated by engineers and production specialists. The upstream segment of the industry is dominated by drilling/completion engineers. Usually, neither of those disciplines have a great deal of training in the chemistry aspects of drilling and completing a well prior to its going on production. The chemistry of drilling fluids and completion fluids have a profound effect on the success of a well. For example, historically the drilling fluid costs to drill a well have averaged around 7% of the overall cost of the well, before completion. The successful delivery of up to 100% of that wellbore, in many cases may be attributable to the fluid used. Considered the "bible" of the industry, Composition and Properties of Drilling and Completion Fluids, first written by Walter Rogers in 1948, and updated on a regular basis thereafter, is a key tool to achieving successful delivery of the wellbore. In its Sixth Edition, Composition and Properties of Drilling and Completion Fluids has been updated and revised to incorporate new information on technology, economic, and political issues that have impacted the use of fluids to drill and complete oil and gas wells. With updated content on Completion Fluids and Reservoir Drilling Fluids, Health, Safety & Environment, Drilling Fluid Systems and Products, new fluid systems and additives from both chemical and engineering perspectives, Wellbore Stability, adding the new R&D on water-based muds, and with increased content on Equipment and Procedures for Evaluating Drilling Fluid Performance in light of the advent of digital technology and better manufacturing techniques, Composition and Properties of Drilling and Completion Fluids has been thoroughly updated to meet the drilling and completion engineer's needs. - Explains a myriad of new products and fluid systems - Cover the newest API/SI standards - New R&D on water-based muds - New emphases on Health, Safety & Environment - New Chapter on waste management and disposal

Download or read book The Price of Oil written by Bronwen Manby and published by Human Rights Watch. This book was released on 1999 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Attempts to Import Weapons

Download or read book From Oil to Gas and Beyond written by Trevor M. Boopsingh and published by University Press of America. This book was released on 2014-08-01 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Oil to Gas and Beyond chronicles the history of the petroleum industry in Trinidad and Tobago and appraises major policy decisions impacting its economy. The book details the macroeconomic, commercial, and technical challenges faced by Trinidad and Tobago in the monetization of its oil and gas resources over the past one hundred years. The contributors cover several topics including local content, national participation, sustainability, communication, leadership, energy diplomacy, environmental law and macroeconomic policy.

Download or read book Subterranean Estates written by Hannah Appel and published by Cornell University Press. This book was released on 2015-06-24 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Oil is a fairy tale, and, like every fairy tale, is a bit of a lie."—Ryzard Kapuscinski, Shah of Shahs The scale and reach of the global oil and gas industry, valued at several trillions of dollars, is almost impossible to grasp. Despite its vast technical expertise and scientific sophistication, the industry betrays a startling degree of inexactitude and empirical disagreement about foundational questions of quantity, output, and price. As an industry typified by concentrated economic and political power, its operations are obscured by secrecy and security. Perhaps it is not surprising, then, that the social sciences typically approach oil as a metonym—of modernity, money, geopolitics, violence, corruption, curse, ur-commodity—rather than considering the daily life of the industry itself and of the hydrocarbons around which it is built. Subterranean Estates gathers an interdisciplinary group of scholars and experts to instead provide a critical topography of the hydrocarbon industry, understood not solely as an assemblage of corporate forms but rather as an expansive and porous network of laborers and technologies, representation and expertise, and the ways of life oil and gas produce at points of extraction, production, marketing, consumption, and combustion. By accounting for oil as empirical and experiential, the contributors begin to demystify a commodity too often given almost demiurgic power. Subterranean Estates shifts critical attention away from an exclusive focus on global oil firms toward often overlooked aspects of the industry, including insurance, finance, law, and the role of consultants and community organizations. Based on ethnographic research from around the world (Equatorial Guinea, Nigeria, Oman, the United States, Ecuador, Chad, the United Kingdom, Kazakhstan, Canada, Iran, and Russia), and featuring a photoessay on the lived experiences of those who inhabit a universe populated by oil rigs, pipelines, and gas flares, this innovative volume provides a new perspective on the material, symbolic, cultural, and social meanings of this multidimensional world.

Download or read book Oil In The World Economy written by R. W. Ferrier and published by Routledge. This book was released on 2016-03-02 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the oil industry and its impact on the world economy in the twentieth century. It examines the importance of oil in different sectors, from 1900-1973 and stresses the relevance of oil as a factor in modern economic history not only in national terms but also within an international context. The book includes chapters on American policy towards developing economies in the first half of the 20th century; the policy of Russian oil exports in the 20s and 30s; the financing of the German and French oil industries; and the role of oil in the Japanese economy, a major industrial country without oil resources. On the international front, the book covers the impact of the Middle East national oil companies, the effect of oil on the developing countries of South Ameirca and the relevance of the oil crisis of 1973.

Download or read book The Future of Shale The US Story and Its Implications written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Energy Abstracts for Policy Analysis written by and published by . This book was released on 1982 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Energy Research Abstracts written by and published by . This book was released on 1978 with total page 1510 pages. Available in PDF, EPUB and Kindle. Book excerpt: