National Oil Companies and Value Creation

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821388312
Total Pages : 149 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis National Oil Companies and Value Creation by : Silvana Tordo

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 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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?

The Performance and Value Creation of National Oil Companies

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis The Performance and Value Creation of National Oil Companies by : Christian O. H. Wolf

Download or read book The Performance and Value Creation of National Oil Companies written by Christian O. H. Wolf and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper sets out an analytical framework for assessing the performance and value creation of National Oil Companies (NOCs). NOCs differ greatly in their institutional environments, their corporate objectives and operations, and their domestic and international socio-economic linkages, which makes a comparative assessment of NOCs' value creation far from trivial. But because the petroleum sector is of significant importance to many countries around the world, the attempt of identifying, measuring, benchmarking and improving NOC value creation is vital for the broader effort of improving standards of living in these countries. The aims of the framework are thus: (1) to provide a conceptual model of the different ways in which value can be created within a national petroleum sector; (2) to propose a quantitative measure of NOC value creation that facilitates the benchmarking of NOC performance; and (3) to suggest different approaches to rank and/or quantify the importance of various drivers of value creation. A central contribution of this framework is the proposal of the 'NOC Value Creation Index', a composite indicator that attempts to integrate measurement of NOC operational performance, financial performance and delivery on the national mission. This is a draft version of Chapter 4 of the Study on “National Oil Companies and Value Creation”, undertaken by the Oil, Gas and Mining Policy Division of the World Bank. This draft has been published to inform the public on progress and invite dialogue. A revised version of this paper will be included in the Study which is expected to be completed by June 2010. The paper was written by Christian O. H. Wolf (Consultant), with contributions from the Task Leader of the Study, Silvana Tordo (Lead Energy Economist, Oil, Gas and Mining Division of the World Bank), and Robert W. Bacon (Consultant).

Natural Oil Companies and Value Creation

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Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Natural Oil Companies and Value Creation by : Silvana Tordo

Download or read book Natural Oil Companies and Value Creation written by Silvana Tordo and published by . This book was released on 2014 with total page 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.

Natural Oil Companies and Value Creation

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Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)

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Book Synopsis Natural Oil Companies and Value Creation by : Silvana Tordo

Download or read book Natural Oil Companies and Value Creation written by Silvana Tordo and published by . This book was released on 2014 with total page 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.

Role of National Oil Companies in the International Oil Market

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Author :
Publisher : DIANE Publishing
ISBN 13 : 1437938434
Total Pages : 20 pages
Book Rating : 4.4/5 (379 download)

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Book Synopsis Role of National Oil Companies in the International Oil Market by : Robert Pirog

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.

National Oil Companies

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Author :
Publisher : Chichester [West Sussex] ; New York : Wiley
ISBN 13 :
Total Pages : 288 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis National Oil Companies by : Leslie E. Grayson

Download or read book National Oil Companies written by Leslie E. Grayson and published by Chichester [West Sussex] ; New York : Wiley. This book was released on 1981 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Role of National Oil Companies in the International Oil Market

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Publisher :
ISBN 13 :
Total Pages : 17 pages
Book Rating : 4.:/5 (182 download)

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Book Synopsis The Role of National Oil Companies in the International Oil Market by :

Download or read book The Role of National Oil Companies in the International Oil Market written by and published by . This book was released on 2007 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the United States, the term "big oil companies" is likely to be taken to mean the major private international oil companies, largely based in Europe or America. However, while some of those companies are indeed among the largest in the world, by many important measures, a majority of the largest oil companies are state-owned, national oil companies. By conventional definitions, national oil companies hold the majority of petroleum reserves and produce the majority of the world's supply of crude oil. Since national oil companies generally 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 companies in those activities.

A Comparative History of National Oil Companies

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Author :
Publisher : Peter Lang
ISBN 13 : 9789052015750
Total Pages : 348 pages
Book Rating : 4.0/5 (157 download)

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Book Synopsis A Comparative History of National Oil Companies by : Alain Beltran

Download or read book A Comparative History of National Oil Companies written by Alain Beltran and published by Peter Lang. This book was released on 2010 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proceedings of a conference held in Nov. 2003.

The Changing Role of National Oil Companies in International Energy Markets

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Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (891 download)

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Book Synopsis The Changing Role of National Oil Companies in International Energy Markets by :

Download or read book The Changing Role of National Oil Companies in International Energy Markets written by and published by . This book was released on 2007 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Nature of the Firm in the Oil Industry

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Author :
Publisher : Routledge
ISBN 13 : 1317575180
Total Pages : 188 pages
Book Rating : 4.3/5 (175 download)

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Book Synopsis The Nature of the Firm in the Oil Industry by : Basak Beyazay

Download or read book The Nature of the Firm in the Oil Industry written by Basak Beyazay and published by Routledge. This book was released on 2015-10-16 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Firm-to-firm relationships, along with the overall structure of industry, have changed markedly over the past decades. Replacing the model of vertical integration with one of global business, firms have started to outsource more by using a wider global network. At the same time, they have begun to increase their control and coordination along the value chain to remain competitive, blurring the boundaries between companies. Understanding the nature of the firm and its role in coordinating the supply chain will help firms to better define global competitive strategies.. The challenges that lie ahead for global business render obsolete the traditional model of procuring each service without long-term supply chain management. Current trends suggest that in the future there will be even deeper supply chain integration in most industries. The Nature of the Firm in the Oil Industry aims to facilitate the understanding of ‘the firm’ via the analysis of the specific relationship between international oil companies, which are among the world’s biggest firms and which act as ‘core system integrators’, and the oil services companies, which help to find, extract, produce and distribute oil along the petroleum industry supply chain. This relationship serves as an example of deep integration by core system integrators and provides insights into the change in the nature of the firm in the era of modern globalization. Aimed at researchers and academics, The Nature of the Firm in the Oil Industry offers a thorough examination of this relationship in an effort to shed light on the nature of the firm, both in the oil industry and in global business today. It is a humble attempt to better understand the firm in a crucial industry.

The Strategic Restructuration of National Oil Companies

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Publisher :
ISBN 13 :
Total Pages : 300 pages
Book Rating : 4.:/5 (332 download)

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Book Synopsis The Strategic Restructuration of National Oil Companies by : Francisco José Goncalves

Download or read book The Strategic Restructuration of National Oil Companies written by Francisco José Goncalves and published by . This book was released on 1995 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Transfer Pricing and Value Creation

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Publisher : Linde Verlag GmbH
ISBN 13 : 3709410371
Total Pages : 572 pages
Book Rating : 4.7/5 (94 download)

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Book Synopsis Transfer Pricing and Value Creation by : Raffaele Petruzzi

Download or read book Transfer Pricing and Value Creation written by Raffaele Petruzzi and published by Linde Verlag GmbH. This book was released on 2019-09-02 with total page 572 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Petroleum Sector Value Chain

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis The Petroleum Sector Value Chain by : Christian O. H. Wolf

Download or read book The Petroleum Sector Value Chain written by Christian O. H. Wolf and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The oil and gas industry encompasses a range of different activities and processes, which jointly contribute to the transformation of underlying petroleum resources into useable end-products valued by industrial and private customers. These different activities are inherently linked with each other (conceptually, contractually and/or physically), and these linkages might occur within or across individual firms, and within or across national boundaries. This paper briefly describes the key constituent activities of the petroleum sector, as well as the scope for horizontal and vertical integration. It does so based on the notion of an industry value chain (or value system). It also discusses some of the key policy decisions associated with the different stages of the value chain. Overall, this paper seeks to introduce key activities, value drivers and risk factors of the petroleum industry. This is a draft version of Chapter 1 of the Study on “National Oil Companies and Value Creation”, undertaken by the Oil, Gas and Mining Policy Division of the World Bank. This draft version has been published to inform the public on progress and invite dialogue. A revised version of this paper will be included in the Study which is expected to be completed by June 2010. The paper was written by Christian O. H. Wolf (Consultant), with contributions from the Task Leader of the Study, Silvana Tordo (Lead Energy Economist, Oil, Gas and Mining Division of the World Bank).

The Final Frontier

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Publisher : John Wiley & Sons
ISBN 13 : 1119376548
Total Pages : 194 pages
Book Rating : 4.1/5 (193 download)

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Book Synopsis The Final Frontier by : Justin Pettit

Download or read book The Final Frontier written by Justin Pettit and published by John Wiley & Sons. This book was released on 2017-03-20 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

State-Owned Entities and Human Rights

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Publisher : Cambridge University Press
ISBN 13 : 1108832873
Total Pages : 341 pages
Book Rating : 4.1/5 (88 download)

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Book Synopsis State-Owned Entities and Human Rights by : Mihaela Maria Barnes

Download or read book State-Owned Entities and Human Rights written by Mihaela Maria Barnes and published by Cambridge University Press. This book was released on 2021-12-02 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the fundamental role played by international law in the regulation of State-owned entities from a human rights perspective.

The major oil companies

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Publisher :
ISBN 13 :
Total Pages : 184 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis The major oil companies by : United States. Congress. Senate. Committee on Government Operations. Permanent Subcommittee on Investigations

Download or read book The major oil companies written by United States. Congress. Senate. Committee on Government Operations. Permanent Subcommittee on Investigations and published by . This book was released on 1974 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

National Oil Companies

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Publisher :
ISBN 13 : 9780835745604
Total Pages : 277 pages
Book Rating : 4.7/5 (456 download)

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Book Synopsis National Oil Companies by : Leslie E. Grayson

Download or read book National Oil Companies written by Leslie E. Grayson and published by . This book was released on with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: