Political And Investment Risk In The International Oil And Gas Industry

Author : Steven A. Mucci
Publisher : Lexington Books
Page : 233 pages
File Size : 53,9 Mb
Release : 2017-10-11
Category : Political Science
ISBN : 9781498546133

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Political and Investment Risk in the International Oil and Gas Industry by Steven A. Mucci Pdf

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 : Howard L Lax,Calvin Goldscheider
Publisher : Routledge
Page : 180 pages
File Size : 42,5 Mb
Release : 2019-07-11
Category : Political Science
ISBN : 9781000307344

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Political Risk In The International Oil And Gas Industry by Howard L Lax,Calvin Goldscheider Pdf

In this book, the author draws upon his training in political science and experience as an energy consultant at Atlantis, Inc. It explores the conflicting interests of host and firm, and discusses the way firms use political risk analyses leads us to the issue of managing political risk.

Author : Howard L. Lax
Publisher : International Red Cross
Page : 195 pages
File Size : 42,7 Mb
Release : 1983-06-01
Category : Technology & Engineering
ISBN : 0136853978

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Political Risk in the International Oil and Gas Industry by Howard L. Lax Pdf

Author : Nicky Beredjick,Thomas W. Wälde,Ian Townsend Gault
Publisher : Springer Science & Business Media
Page : 298 pages
File Size : 51,7 Mb
Release : 1988
Category : Business & Economics
ISBN : 1853330558

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Petroleum Investment Policies in Developing Countries by Nicky Beredjick,Thomas W. Wälde,Ian Townsend Gault Pdf

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

Author : Howard Lax
Publisher : Praeger
Page : 232 pages
File Size : 54,5 Mb
Release : 1988-11-15
Category : Business & Economics
ISBN : UCSD:31822003061850

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States and Companies by Howard Lax Pdf

Because political events can determine the success or failure of an investment abroad, transnational companies must make every effort to analyze political risks as part of the decisionmaking process. States and Companies, written especially for students of international business and executives of transnational companies, presents a conceptual framework for the analysis of political risk. Although the author focuses his study on the international oil industry, his explanatory model of political risk is applicable to most transnational companies. Lax's study is important because it focuses on developing a context for understanding political risk rather than simply offering a predictive methodology. He provides the theoretical groundwork for this understanding by explaining political risk in terms of a broader theory of interaction between host states and transnational corporations. The inherent conflict of interests and issues hierarchies between these two actors, Lax argues, is the root cause of political risk.

Author : Thomas L. Brewer
Publisher : Greenwood
Page : 392 pages
File Size : 44,7 Mb
Release : 1985
Category : Business & Economics
ISBN : STANFORD:36105040012051

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Political Risks in International Business by Thomas L. Brewer Pdf

Author : Judith C. Fernandez,Rand Corporation
Publisher : Unknown
Page : 74 pages
File Size : 40,7 Mb
Release : 1985
Category : Developing countries
ISBN : STANFORD:36105118931190

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Direct Investment in Petroleum Ventures in Developing Countries by Judith C. Fernandez,Rand Corporation Pdf

Author : Rahmi Kopar
Publisher : Bloomsbury Publishing
Page : 235 pages
File Size : 51,6 Mb
Release : 2021-08-12
Category : Law
ISBN : 9781509938407

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Stability and Legitimate Expectations in International Energy Investments by Rahmi Kopar Pdf

This book assesses stability guarantees through the lens of the legitimate expectations principle to offer a new perspective on the stability concept in international energy investments. The analysis of the interaction between the concepts of stability and legitimate expectations reveals that there are now more opportunities for energy investors to argue their cases before arbitral tribunals. The book offers detailed analyses of the latest energy investment arbitral awards from Spain, Italy and the Czech Republic, and reflects on the state of the art of the legitimate expectations debate and its relationship with the stability concept. The author argues that, in order to achieve stability, the legitimate expectations principle should be employed as the main investment protection tool when a dispute arises on account of unilateral host state alterations. This timely work will be useful to both scholars and practitioners who are interested in international energy law, investment treaty arbitration, and international investment law.

Author : Silvana Tordo
Publisher : World Bank Publications
Page : 149 pages
File Size : 52,6 Mb
Release : 2011-07-13
Category : Business & Economics
ISBN : 9780821388310

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National Oil Companies and Value Creation by Silvana Tordo Pdf

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 : Hakan Sahin
Publisher : Routledge
Page : 196 pages
File Size : 55,7 Mb
Release : 2018-12-18
Category : Law
ISBN : 9780429584794

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Host Government Agreements and the Law in the Energy Sector by Hakan Sahin Pdf

The energy industry is a key source of growth stimulation for developing states. Understandably, developing states are eager to enter into petroleum investment contracts with international investors, with the expectation that this will benefit their countries. The domestic law of some developing states provides a welcoming investment environment in the form of guarantees and stability, while other states provide these opportunities by agreeing to investment contracts or treaties drafted by international organisations established to facilitate such agreements. This book identifies the political risks, particularly of indirect expropriation, that arise from the unilateral actions of host governments during the lifespan of energy investment projects. Focusing on stabilisation clauses as a political risk management tool, this research-based study draws on comparative empirical evidence from Turkey and Azerbaijan to determine what influences host states to consent to the insertion of stabilisation clauses in long-term host government agreements. Proposing a framework for the role to be played by both internal forces and external forces, it examines political regimes and state guarantees to foreign investors in Azerbaijan and Turkey from a comparative perspective, assessing how effective internal factors in Azerbaijan and Turkey are in facilitating contractual stability in their energy investment projects. Providing a comprehensive analysis of stabilisation clauses and the internal and external factors that compel host states to commit to them, this book will appeal to practitioners, students and scholars in international investment law and energy law.

Author : Mustafa Erkan
Publisher : Kluwer Law International B.V.
Page : 442 pages
File Size : 55,9 Mb
Release : 2011-01-01
Category : Law
ISBN : 9789041134110

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International Energy Investment Law by Mustafa Erkan Pdf

"Presents the results of a questionnaire-based survey circulated to the main players in the petroleum sector, revealing actual existing contractual risk management techniques and showing a true picture of the political risk situation in the petroleum sector"--P. [4] of cover.

Author : Andrew C. Inkpen
Publisher : Unknown
Page : 17 pages
File Size : 54,7 Mb
Release : 2016
Category : Gas industry
ISBN : OCLC:982116419

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The Global Oil and Gas Industry by Andrew C. Inkpen Pdf

Author : Thomas Walde
Publisher : Kluwer Law International B.V.
Page : 732 pages
File Size : 50,9 Mb
Release : 1996-07-25
Category : Law
ISBN : 9789041109132

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The Energy Charter Treaty:An East-West Gateway for Investment and Trade by Thomas Walde Pdf

The Energy Charter Treaty, initiated by the 1991 European Energy Charter and completed in December 1994, is an innovative major multilateral investment and trade treaty. The book has an introduction by Ruud Lubbers who, as the Dutch Prime Minister, played the key role in initiating the Energy Charter negotiations. It brings together contributions on the energy/investment background, the geopolitical context, the Energy Charter negotiations and the relevant specific topics of the Treaty (focusing on investment and trade, but also environment, competition and transit) by the key specialists on the subject, ranging from countries such as the US (which in the end decided not to join the Treaty) to Russia and Kazakhstan, including energy and investment specialists, international investment and commercial lawyers and arbitrators. The contributors include noted international energy/economic law authorities, but also key participants and observers of the Treaty negotiations. This book is intended to provide the first authoritative analysis of the background, negotiations and content of the Energy Charter Treaty and to provide support and guidance for subsequent negotiations and the difficult challenges involved in interpretation and application of the Treaty. It will be an essential tool for anybody working with the Energy Charter Treaty. The book contains in its annex the major documents of the Treaty: The 1991 European Energy Charter, the 1994 Treaty and its relevant Protocols, Annexes, Understandings and Final Act Declarations.

Author : Tarun Khanna,Krishna G. Palepu
Publisher : Harvard Business Press
Page : 261 pages
File Size : 47,5 Mb
Release : 2010-04-28
Category : Business & Economics
ISBN : 9781422157862

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Winning in Emerging Markets by Tarun Khanna,Krishna G. Palepu Pdf

The best way to select emerging markets to exploit is to evaluate their size or growth potential, right? Not according to Krishna Palepu and Tarun Khanna. In Winning in Emerging Markets, these leading scholars on the subject present a decidedly different framework for making this crucial choice. The authors argue that the primary exploitable characteristic of emerging markets is the lack of institutions (credit-card systems, intellectual-property adjudication, data research firms) that facilitate efficient business operations. While such "institutional voids" present challenges, they also provide major opportunities-for multinationals and local contenders. Palepu and Khanna provide a playbook for assessing emerging markets' potential and for crafting strategies for succeeding in those markets. They explain how to: · Spot institutional voids in developing economies, including in product, labor, and capital markets, as well as social and political systems · Identify opportunities to fill those voids; for example, by building or improving market institutions yourself · Exploit those opportunities through a rigorous five-phase process, including studying the market over time and acquiring new capabilities Packed with vivid examples and practical toolkits, Winning in Emerging Markets is a crucial resource for any company seeking to define and execute business strategy in developing economies.

Author : Catharine Titi
Publisher : Springer Nature
Page : 205 pages
File Size : 54,5 Mb
Release : 2021
Category : Conflict management
ISBN : 9783030589165

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Public Actors in International Investment Law by Catharine Titi Pdf

This open access book focuses on public actors with a role in the settlement of investment disputes. Traditional studies on actors in international investment law have tended to concentrate on arbitrators, claimant investors and respondent states. Yet this focus on the "principal" players in investment dispute settlement has allowed a number of other seminal actors to be neglected. This book seeks to redress this imbalance by turning the spotlight on the latter. From the investor's home state to domestic courts, from sub-national governments to international organisations, and from political risk insurance agencies to legal defence teams in national ministries, the book critically reviews these overlooked public actors in international investment law.