National Oil Companies and Value Creation PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download National Oil Companies and Value Creation PDF full book. Access full book title National Oil Companies and Value Creation by Silvana Tordo. Download full books in PDF and EPUB format.
Author: Silvana Tordo
Publisher: World Bank Publications
ISBN: 0821388312
Category : Business & Economics
Languages : en
Pages : 149
Get Book Here
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?
Author: Silvana Tordo
Publisher: World Bank Publications
ISBN: 0821388312
Category : Business & Economics
Languages : en
Pages : 149
Get Book Here
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?
Author: Raffaele Petruzzi
Publisher: Linde Verlag GmbH
ISBN: 3709410371
Category : Law
Languages : en
Pages : 556
Get Book Here
Book Description
Value Creation and its effects on Transfer Pricing and tax law Emerging from the OECD/G20 BEPS Project, a new, somewhat fuzzy notion of Value Creation came to permeate not only Transfer Pricing language but also wider allocation rules and anti-abuse provisions in international tax law. The notion of ‘Value Creation’ reframes the interpretation and application of the Arm’s Length Principle (ALP) that is embedded in Articles 7 and 9 of the OECD Model Convention. This new Value Creation notion and approach assist in understanding key enterprise functions while different industry sectors manifest these concepts in various ways. Situating such notions and this approach within the law of tax treaties and analyzing terms of the OECD Transfer Pricing Guidelines alongside their factual context is the aim of this book. Here, law students address Transfer Pricing and Value Creation in sectors as varied as commodities trade, automotive, consumer products, food and beverages, pharmaceutical and life sciences, telecommunications, and the key topic of value creation in a digitalized economy. Our LL.M. students were required to address issues not explored in legal research and to discuss factual topics relevant for Transfer Pricing. All students focused on topics that are new to the international tax debate that keep evolving and on factual matters that often escape legal research.
Author: Justin Pettit
Publisher: John Wiley & Sons
ISBN: 1119376564
Category : Business & Economics
Languages : en
Pages : 156
Get Book Here
Book Description
The energy industry's accelerated evolution requires visionary change The Final Frontier parses the evolution of the oil and gas sector to map out a plan for going forward. The global energy industry is huge, and it is in disarray; between low oil and gas prices, climate change, rising development costs, and ever-mounting regulations, the need for change has been made crystal clear—but planning is much easier than implementation, and stasis is not progress. This book shows how redesigning internal operating models can bring about the necessary change in the implementation of upstream capabilities-driven strategies. From integrated, national, major, and independent oil companies, to the service companies in the upstream supply chain, there isn't an enterprise in the sector that cannot benefit from reduced costs and increased efficiency. Knowing that change is necessary is not enough—this book shows you what to change, and how to change it to get off the treadmill and start moving forward. With expert guidance through each redesign element, this insightful guide provides more than simply ideas: it provides real, practical guidance on transforming operations to keep pace with the changes and create lasting advantage. Identify the most relevant organizational capabilities for your resource portfolio, as well as the changes that can translate into savings and efficiency Build a workable plan for real-world implementation Redesign the operating model most suited to the needs of your business on an organization-wide basis Learn what to do differently and how to do it differently The energy industry has made great strides: our understanding of the global resource base, the nature of ownership and principal stakeholders, new technologies for resource development, and our economics and business models have all undergone a tremendous revolution, but now the more difficult—and more valuable—task begins. The Final Frontier helps you navigate the future and implement the changes necessary to avoid getting left behind.
Author: John Hofmeister
Publisher: Macmillan
ISBN: 0230106781
Category : Political Science
Languages : en
Pages : 256
Get Book Here
Book Description
As president of Shell Oil, John Hofmeister was known for being a straight shooter, willing to challenge his peers throughout the industry. Now, he's a man on a mission, the founder of Citizens for Affordable Energy, crisscrossing the country in a grassroots campaign to change the way we look at energy in this country. While pundits proffer false new promises of green energy independence, or flatly deny the existence of a problem, Hofmeister offers an insider's view of what's behind the energy companies' posturing, and how politicians use energy misinformation, disinformation, and lack of information to get and stay elected. He tackles the energy controversy head-on, without regard for political correctness. He also provides a new framework for solving difficult problems, identifying solutions that will lead to a future of comfortable lifestyles, affordable and clean energy, environmental protection, and sustained economic competitiveness.
Author: William J. Nuttall
Publisher: Springer Nature
ISBN: 3030309088
Category : Technology & Engineering
Languages : en
Pages : 143
Get Book Here
Book Description
As the case for Climate Change mitigation becomes ever more pressing, hydrogen has the potential to play a major role in a low-carbon energy future. Hydrogen can drive the vehicles of tomorrow and also heat homes and supply energy to businesses. Much recent discussion in energy policy circles has considered ways in which greatly expanded electrification can meet the demand for low-carbon mobility and heating. Such narratives centre on the widespread use of renewable energy sources with occasionally surplus renewable electricity being used to produce hydrogen, for example by electrolysis. While such developments have a beneficial role to play, this book focuses on an alternative paradigm. This book considers a more evolutionary path involving the continued extraction and use of fossil fuels, most notably natural gas, but in ways that greatly reduce greenhouse gas emissions. In this way much established industrial capacity and know how might be transitioned to help deliver the low carbon future that the world so desperately requires. Presenting up-to-date energy policy recommendations with a focus on hydrogen from fossil fuels, the book will be of considerable interest to policymakers and energy researchers in academia, industry and government labs, while also offering a valuable reference guide for business developers in low-carbon energy, and for oil and gas industry analysts.
Author: Mihaela Maria Barnes
Publisher: Cambridge University Press
ISBN: 1108832873
Category : Law
Languages : en
Pages : 341
Get Book Here
Book Description
Examines the fundamental role played by international law in the regulation of State-owned entities from a human rights perspective.
Author: Steven A. Mucci
Publisher: Lexington Books
ISBN: 1498546137
Category : Political Science
Languages : en
Pages : 233
Get Book Here
Book Description
This book examines the financial, legal and institutional strategies available to the international oil and gas industry to manage political and investment risk. The financial techniques for mitigating and allocating risk include corporate finance, joint ventures, and project finance. The legal techniques include production sharing agreements, profit sharing agreements, service contracts, bilateral investment treaties, and multilateral investment treaties. The institutional techniques include domestic courts, national constitutions, international arbitral tribunals, governmental and non-governmental regulatory agencies, alliances and energy diplomacy.This book traces the historical development of these techniques and their application in practice. The effectiveness with which companies manage political and investment risk is important for the financial sustainability of individual firms and the industry as whole. The real and perceived level of risk affects the level of exploration expenditures and therefore the balance between supply and demand, and the price of oil and natural gas. The search for a secure supply of oil and gas affects the political, military, and economic relations between countries. Consequently, every developed and developing country has placed energy policy at or near the top of its national priorities.
Author: Hugh Dyer
Publisher: Edward Elgar Publishing
ISBN: 178100790X
Category : Business & Economics
Languages : en
Pages : 575
Get Book Here
Book Description
ÔThis Handbook should be consulted by anybody interested in the issue of energy security. It convincingly demonstrates why the provision of energy is such a contentious issue, addressing the complex interaction of economic, social, environmental, technical and political aspects involved. The book is particularly valuable in investigating and highlighting processes in which (inter)national actors apply this variety of aspects in (re)constructing their notion of Òenergy securityÓ, its particular meaning and the implications thereof. Such understanding of energy security is helpful!Õ Ð Aad F. CorreljŽ, Delft University of Technology, The Netherlands ÔEnergy security has for long been treated as an issue of pure geopolitics. Hugh Dyer and Maria Julia Trombetta aim at broadening energy security debates and extend them to new agendas. Their excellent Handbook offers a fresh perspective on four crucial dimensions: supply, demand, environment and human security. A diverse group of international energy scholars provides for an in-depth and comprehensive analysis of key contemporary energy problems, ranging from an oil producersÕ perspectives on energy security to ethical dimensions of renewable energy and climate governance.Õ Ð Andreas Goldthau, Central European University, Hungary This Handbook brings together energy security experts to explore the implications of framing the energy debate in security terms, both in respect of the governance of energy systems and the practices associated with energy security. The contributors expertly review and analyse the key aspects and research issues in the emerging field of energy security, test the current state of knowledge, and provide suggestions for reflection and further analysis. This involves providing an account of the multiplicity of discourses and meanings of energy security, and contextualizing them. They also suggest a rewriting of energy security discourses and their representation in purely economic terms. This volume examines energy security and its conceptual and practical challenges from the perspectives of security of supply, security of demand, environmental change and human security. It will prove essential for students in the fields of global, international and national politics of energy, economics, and society as well as engineering. It will also appeal to policy practitioners and anybody interested in keeping the lights on, avoiding climate change, and providing a secure future for humanity.
Author: David R. Mares
Publisher: Columbia University Press
ISBN: 0231554796
Category : Business & Economics
Languages : en
Pages : 189
Get Book Here
Book Description
It is widely thought that state ownership of natural resources, oil and natural gas in particular, causes countries to fall under the sway of the “resource curse.” In such cases, governments allegedly display “resource nationalism,” which destabilizes the economy, society, and politics. In this book, David R. Mares dispels these beliefs and develops a powerful new account of the relationship between state resource ownership and energy policy. Mares examines variations in energy policy across a wide range of countries, underscoring the fact that in most of the world outside the United States, subsoil natural resources are owned by the state. He considers the history of Latin American oil and gas policies and provides an in-depth analysis of Venezuela from 1989 to 2016—before, during, and after the presidency of Hugo Chávez. Mares demonstrates that the key factors that influence energy policy are the inclusiveness of the political system, the level of competitiveness within policy making, and the characteristics of individual leaders. Domestic politics, not state ownership, determines the effectiveness and efficiency of energy policies: the “resource curse” is avoidable. Drawing on these findings, Mares reconceptualizes resource nationalism, arguing that government intervention into resource extraction is legitimate as long as the benefits are shared through the provision of public goods. Featuring a sophisticated grasp of both Latin American politics and energy policy, this book sheds new light on why some governments are responsible stewards of natural resources while others appropriate national wealth for partisan or private benefit.
Author: Andreas Goldthau
Publisher: John Wiley & Sons
ISBN: 1119250692
Category : Political Science
Languages : en
Pages : 578
Get Book Here
Book Description
This is the first handbook to provide a global policy perspective on energy, bringing together a diverse range of international energy issues in one volume. Maps the emerging field of global energy policy both for scholars and practitioners; the focus is on global issues, but it also explores the regional impact of international energy policies Accounts for the multi-faceted nature of global energy policy challenges and broadens discussions of these beyond the prevalent debates about oil supply Analyzes global energy policy challenges across the dimensions of markets, development, sustainability, and security, and identifies key global policy challenges for the future Comprises newly-commissioned research by an international team of scholars and energy policy practitioners
