Peak oil production in the Middle East's Arabian/Persian Gulf region and worldwide could be delayed if major multinational and national oil companies would invest more heavily in drilling and extraction technologies and push to explore new sites.Barazangi argued that the "exploration story" in...

Offshore sources, in both shallow and deep waters, are increasingly important contributors to global oil and natural gas production. As both resource owner and taxing authority, national governments play an important role in the production of these offshore hydrocarbons. How the policy choices...

In 1996 the natural resource base of the world is being depleted at a rate far below the sustainable level. This is very evident in less developed countries (IDC), where raw limited natural resources are being poorly utilized and/or exported to more developed countries (MDC). The More Developed...

Managers of oil and gas and mining firms face a trade-off when disclosing quantum of reserves in the annual reports. The disclosure is likely to reduce the firm's cost of equity and debt. On the other hand, information about the firm’s reserves is likely to attract competitors' attention....

Purpose – This paper applies a power framework to critically analyse the international accounting standard setting process for the extractive industries. Design/methodology/approach – Publicly available data, including comment letters, annual reports, company websites, and IASC/IASB...

Purpose – The purpose of this paper is illuminate the way in which key constituents have influenced the process of setting an International Financial Reporting Standard (IFRS) for the extractive industries. Design/methodology/approach – Critical Discourse Analysis (CDA) is used to identify...

This paper investigates the transparency of derivative disclosures of Australian firms in the extractive industries using 1998 to 2001 financial reports. The quality of financial reporting has become a major corporate governance issue since the collapse of prominent companies such as Enron in...

This paper illustrates the influence of powerful players in the setting of IFRS 6, a new International Financial Reporting Standard (IFRS) for the extractive industries. A critical investigative inquiry of the international accounting standard setting process, using Critical Discourse Analysis...

Purpose – The purpose of this paper is illuminate the way in which key constituents have influenced the process of setting an International Financial Reporting Standard (IFRS) for the extractive industries. Design/methodology/approach – Critical Discourse Analysis (CDA) is used to identify...