Political Risk In The International Oil And Gas Industry

Political Risk In The International Oil And Gas Industry

Author: Howard L Lax

Publisher: Routledge

Published: 2019-07-11

Total Pages: 180

ISBN-13: 1000307344

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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.


Book Synopsis Political Risk In The International Oil And Gas Industry by : Howard L Lax

Download or read book Political Risk In The International Oil And Gas Industry written by Howard L Lax and published by Routledge. This book was released on 2019-07-11 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Political Risk in the International Oil and Gas Industry

Political Risk in the International Oil and Gas Industry

Author: Howard L. Lax

Publisher: International Red Cross

Published: 1983-06-01

Total Pages: 195

ISBN-13: 9780136853978

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Book Synopsis Political Risk in the International Oil and Gas Industry by : Howard L. Lax

Download or read book Political Risk in the International Oil and Gas Industry written by Howard L. Lax and published by International Red Cross. This book was released on 1983-06-01 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Political and Investment Risk in the International Oil and Gas Industry

Political and Investment Risk in the International Oil and Gas Industry

Author: Steven A. Mucci

Publisher: Lexington Books

Published: 2017-10-11

Total Pages: 233

ISBN-13: 1498546137

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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.


Book Synopsis Political and Investment Risk in the International Oil and Gas Industry by : Steven A. Mucci

Download or read book Political and Investment Risk in the International Oil and Gas Industry written by Steven A. Mucci and published by Lexington Books. This book was released on 2017-10-11 with total page 233 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


States and Companies

States and Companies

Author: Howard Lax

Publisher: Praeger

Published: 1988-11-15

Total Pages: 232

ISBN-13:

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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.


Book Synopsis States and Companies by : Howard Lax

Download or read book States and Companies written by Howard Lax and published by Praeger. This book was released on 1988-11-15 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Managing Political and Investment Risk in the International Oil and Gas Industry

Managing Political and Investment Risk in the International Oil and Gas Industry

Author:

Publisher:

Published: 2015

Total Pages: 247

ISBN-13:

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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


Book Synopsis Managing Political and Investment Risk in the International Oil and Gas Industry by :

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


Towards a Composite Political Risk Indicator for Country Oil and Gas Industry Stock Market Sectors

Towards a Composite Political Risk Indicator for Country Oil and Gas Industry Stock Market Sectors

Author: John L. Simpson

Publisher:

Published: 2015

Total Pages: 25

ISBN-13:

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The purpose of this paper is to test an international oil and gas market model, hypothesised to arrive at new indicator of pure composite political risk for country oil and gas sectors. Current political risk ratings are largely subjectively quantified and are not frequently published. Investors in oil and gas industry portfolios as well as trade and investment policy formulators should be interested that there is a strong theoretical and practical basis where pure political risk indicators may be obtained daily rather than monthly using stock market generated data. A systemic international capital asset pricing model is a useful framework as long as available financial and economic information is captured along with systemic interdependence and control introduced for country size and wealth effects. If so, an indication of the influence of human (political) factors in each country oil and gas industry sector can be provided.


Book Synopsis Towards a Composite Political Risk Indicator for Country Oil and Gas Industry Stock Market Sectors by : John L. Simpson

Download or read book Towards a Composite Political Risk Indicator for Country Oil and Gas Industry Stock Market Sectors written by John L. Simpson and published by . This book was released on 2015 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to test an international oil and gas market model, hypothesised to arrive at new indicator of pure composite political risk for country oil and gas sectors. Current political risk ratings are largely subjectively quantified and are not frequently published. Investors in oil and gas industry portfolios as well as trade and investment policy formulators should be interested that there is a strong theoretical and practical basis where pure political risk indicators may be obtained daily rather than monthly using stock market generated data. A systemic international capital asset pricing model is a useful framework as long as available financial and economic information is captured along with systemic interdependence and control introduced for country size and wealth effects. If so, an indication of the influence of human (political) factors in each country oil and gas industry sector can be provided.


The International Political Economy of Oil and Gas

The International Political Economy of Oil and Gas

Author: Slawomir Raszewski

Publisher: Springer

Published: 2017-11-15

Total Pages: 300

ISBN-13: 3319625578

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This book addresses energy research from four distinct International Political Economy perspectives: energy security, governance, legal and developmental areas. Energy is too important to be neglected by political scientists. Yet, within the mainstream of the discipline energy research still remains a peripheral area of academic enquiry seeking to plug into the discipline’s theoretical debates. The purpose of this book is to assess how existing perspectives fit with our understanding of social science energy research by focusing on the oil and gas dimension.


Book Synopsis The International Political Economy of Oil and Gas by : Slawomir Raszewski

Download or read book The International Political Economy of Oil and Gas written by Slawomir Raszewski and published by Springer. This book was released on 2017-11-15 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses energy research from four distinct International Political Economy perspectives: energy security, governance, legal and developmental areas. Energy is too important to be neglected by political scientists. Yet, within the mainstream of the discipline energy research still remains a peripheral area of academic enquiry seeking to plug into the discipline’s theoretical debates. The purpose of this book is to assess how existing perspectives fit with our understanding of social science energy research by focusing on the oil and gas dimension.


The Politics of the Global Oil Industry

The Politics of the Global Oil Industry

Author: Toyin Falola

Publisher: Bloomsbury Publishing USA

Published: 2005-09-30

Total Pages: 278

ISBN-13: 0313026777

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The petroleum industry is among the most lucrative and most important in the world, and its impact within the realm of international politics is tremendous (although it can be overstated). Taking a well-balanced and objective approach to the complicated web of political and economic threads that make up the fabric of the oil industry, Falola and Genova introduce the most salient aspects in clear language, offering cogent and up-to-date information about the countries, companies, international organizations, and people who shape the contemporary history of the black gold. The relationship of international politics and the global oil industry affects everyone but is understood by few. Taking a well-balanced and objective approach to deconstructing this intricate web for those unfamiliar with the industry, Falola and Genova introduce the major players in the field, offering cogent and up-to-date information about the countries, companies, organizations, and people who shape the contemporary history of oil. They break down the essentials, describing the discovery process, the different types of oil, and the various processes by which oil gets to the market. Then they provide a brief history of the major oil-producing countries, followed by a discussion of OPEC and international efforts to control the price and supply of oil. After setting the stage, they introduce the most salient political issues that are influenced by oil, namely environmental protection, human rights, and economic development. Finally, a look at each of seven major oil exporters—Iraq, Mexico, Nigeria, Norway, Russia, Saudi Arabia, and Venezuela—demonstrates that the black gold can be both a blessing and a curse for the countries that produce it. Despite the need to learn how to exploit alternative energy sources before the oil runs out, we will continue to be dependent on oil for the foreseeable future. Today's oil demands are not only generated by such obvious activities as gassing up our cars or powering our aircraft, but also from the ubiquitous technological gadgets that have infiltrated our daily lives. From computer monitors to CDs, from cell phones to the petroleum-generated materials used in our shoes and sweaters, our reliance on oil continues to grow. Because price and supply are highly dependent on political events in distant countries, it is essential for American consumers to understand the intricacies of this complex subject. Falola and Genova demystify the industry and invite us to investigate more deeply this vital resource.


Book Synopsis The Politics of the Global Oil Industry by : Toyin Falola

Download or read book The Politics of the Global Oil Industry written by Toyin Falola and published by Bloomsbury Publishing USA. This book was released on 2005-09-30 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: The petroleum industry is among the most lucrative and most important in the world, and its impact within the realm of international politics is tremendous (although it can be overstated). Taking a well-balanced and objective approach to the complicated web of political and economic threads that make up the fabric of the oil industry, Falola and Genova introduce the most salient aspects in clear language, offering cogent and up-to-date information about the countries, companies, international organizations, and people who shape the contemporary history of the black gold. The relationship of international politics and the global oil industry affects everyone but is understood by few. Taking a well-balanced and objective approach to deconstructing this intricate web for those unfamiliar with the industry, Falola and Genova introduce the major players in the field, offering cogent and up-to-date information about the countries, companies, organizations, and people who shape the contemporary history of oil. They break down the essentials, describing the discovery process, the different types of oil, and the various processes by which oil gets to the market. Then they provide a brief history of the major oil-producing countries, followed by a discussion of OPEC and international efforts to control the price and supply of oil. After setting the stage, they introduce the most salient political issues that are influenced by oil, namely environmental protection, human rights, and economic development. Finally, a look at each of seven major oil exporters—Iraq, Mexico, Nigeria, Norway, Russia, Saudi Arabia, and Venezuela—demonstrates that the black gold can be both a blessing and a curse for the countries that produce it. Despite the need to learn how to exploit alternative energy sources before the oil runs out, we will continue to be dependent on oil for the foreseeable future. Today's oil demands are not only generated by such obvious activities as gassing up our cars or powering our aircraft, but also from the ubiquitous technological gadgets that have infiltrated our daily lives. From computer monitors to CDs, from cell phones to the petroleum-generated materials used in our shoes and sweaters, our reliance on oil continues to grow. Because price and supply are highly dependent on political events in distant countries, it is essential for American consumers to understand the intricacies of this complex subject. Falola and Genova demystify the industry and invite us to investigate more deeply this vital resource.


The Political Economy of International Oil and the Underdeveloped Countries

The Political Economy of International Oil and the Underdeveloped Countries

Author: Michael Tanzer

Publisher: Boston : Beacon Press

Published: 1969

Total Pages: 456

ISBN-13:

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Monograph on economic implications for developing countries of the activities of multinational enterprises of the petroleum industry, with particular reference to Iraq, India, Mexico, China and parts of Latin America - covers political aspects, trade problems, monopolys, ownership and location of industry, financial aspects, transportation costs and prices, industrial policy in respect of oil, the role of USA, the role of USSR, etc. References and statistical tables.


Book Synopsis The Political Economy of International Oil and the Underdeveloped Countries by : Michael Tanzer

Download or read book The Political Economy of International Oil and the Underdeveloped Countries written by Michael Tanzer and published by Boston : Beacon Press. This book was released on 1969 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on economic implications for developing countries of the activities of multinational enterprises of the petroleum industry, with particular reference to Iraq, India, Mexico, China and parts of Latin America - covers political aspects, trade problems, monopolys, ownership and location of industry, financial aspects, transportation costs and prices, industrial policy in respect of oil, the role of USA, the role of USSR, etc. References and statistical tables.


Political Risks in International Business

Political Risks in International Business

Author: Thomas L. Brewer

Publisher: Greenwood

Published: 1985

Total Pages: 392

ISBN-13:

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Book Synopsis Political Risks in International Business by : Thomas L. Brewer

Download or read book Political Risks in International Business written by Thomas L. Brewer and published by Greenwood. This book was released on 1985 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: