With the global economy heading towards a severe oil crunch probably by 2015 or thereabouts, an analysis of Saudi oil fundamentals is causing the world disquiet and worry bordering on panic. Oil-importing nations have long treated Saudi Arabia as an infinitely deep well of crude oil supplies....

Peak oil demand has become the hot new topic for oil market analysts but as always, runs the risk of being subject to superficial analysis, just as peak oil supply was. The primary arguments come from climate change activists who believe fossil fuel consumption must drop sharply and from...

Following the peak in US crude oil production 30 years ago, more and more non-OPEC producers have seen their production decline as a result of resource depletion. OPEC on the other hand has extracted a comparatively smaller proportion of its reserve base. Given that new non-OPEC discoveries are...

The 20th century was truly the century of oil whilst the 21st century would be the century of peak oil and the resulting oil wars. No other commodity has been so intimately intertwined with national strategies and global politics and power as oil. The close connection between oil and conflict...

Knowledge of a country’s oil and gas resources and the expected economic value of these resources are essential for the Government and the Parliament (Storting) to formulate an effectiv petroleum-, energy- and economic policy. There are still large parts of the Norwegian Continental Shelf...

In this paper we analyse rig rate formation of floaters operating on the Norwegian Continental Shelf. We first develop a simple bargaining model for rig markets. Then we examine empirically the most important drivers for rig rate formation in the period 1991q4 to 2013q4. We use reduced form time...

We often link increasing productivity in resource extraction to innovation in how firms extract. Yet resource quality - where firms extract - is a key driver of productivity. Using a structural model and data from Louisiana's Haynesville shale, I disentangle the impacts of how and where firms...

The oil and gas sector plays a crucial role in the Norwegian economy. It accounts for a very large proportion of gross domestic product, government revenues, investment and exports. A sharp fall in oil prices has had a significant impact on the economy and focused great attention on the cost...

Growth in oil and gas production in the continental U.S. has led some states to reconsider their taxation of production, prompting comparisons of state policies, especially the rate at which production is taxed. Cross-state comparisons are problematic because states often selectively apply their...

Developing long-term forecasts for unconventional oil, gas and condensate production have challenged both analysts and academics because the shale revolution is still in its relatively early stages. In this paper, forecast accuracy using limited data of oil and condensate production in the Eagle...