This study explores how Norway, as a latecomer to oil production, was able to develop both effective oil companies and an internationally competitive oil service industry. The article focuses on two rather distinct phases: the protectionist phase, in which a strong focus on local content fostered skilled Norwegian oil companies as well as a national oil service industry, and the phase of libera...

We introduce a novel approach to estimating latent oil risk factors and establish their significance in pricing non-oil securities. Our model, which features four factors with simple economic interpretations, is estimated using both derivative prices and oil-related equity returns. The fit is excellent in and out of sample. The extracted oil factors carry significant risk premia, and are signif...

Claude ZoBell’s recognition of the influence of microorganisms in the ecology of petroleum bearing environments was all encompassing. This translated into a unique contribution over the entire span of the oil industry. Many of his publications in the 1940s and 1950s discussed the key role of microorganisms in the diagenesis of hydrocarbon products. At a time when the industry was treating the s...

For help in preparation of this article, thanks to Dylan Davies, Schlumberger Cambridge Research, Ahmad Madjidi, Schlumberger GeoQuest, Abu Dhabi, UAE; Nabil Mazzawi, Schlumberger Wireline & Testing, Tripoli, Libya; Perry Nice, Statoil, Stavanger, Norway; Barry Nicholson, Schlumberger Wireline & Testing, Jakarta, Indonesia; Daniel Roche, Elf, Bergen, Norway; Philippe Rutman and Derek Stark, Sch...

X-ray fluorescence (XRF) spectrometry has been used by the oil industry since the 1950s. XRF can be found supporting activities in exploration, production, research as well as intellectual properties. Traditional applications for XRF were the analysis of single element or a limited range of multiple elements. Today, XRF encompasses high precision full spectral elemental profiles along with high...

buy-back contracts in the upstream oil and gas projects of iran, has experienced the third generation of this kind of contracts since its inception on 1373 (1994) when the oil and gas industry of iran opend its petroleum market to the foreign investment. these contracts have since been subject to the various critieques raised by international oil companies, foreign investors, or petroleum exper...

This article is study of Azerbaijan oil and gas industry. It illustrates the business climate, the impact of this sector on Azerbaijan’s economy including role of SOFAZ and highlights recent developments in the energy production and the main concepts of Azeri PSAs. Meanwhile, the article establishes the government policy by indentifying several factors that influenced to attract foreign investm...

The expansion of oil palm cultivation in Indonesia has been driven by a strong world demand for food especially fats and oils. Commencing in the island of Sumatra, it spread out to other island like Kalimantan, Sulawesi and Irian but not to the island of Bali which was already well developed. The role of palm oil in developing remote inland regions and improving the standard of living of rural ...