Governments in extraction countries are anxious to estimate expected investment in development projects, since they represent an essential element of the macro economy. The overall level of activity is also crucial to oil companies, since the macro picture affects cost levels, the supplies...

Recent research conclude that the GCC economies have failed to address the oil curse. They are far behind other countries, especially those in the G7, which possess huge reserves of oil wealth but have undertaken economic diversification to correct the ill-effects of an oil curse. This paper...

In countries such as Trinidad and Tobago (T&T), the energy sector can make a significant contribution to country and community development, through corporate social responsibility (CSR). Focusing on socioeconomic and environmental domains, this paper examines what drives companies to develop...

Petroleum administration can be regarded as a principal-agent problem. The government allocates exploration and production rights to petroleum companies on behalf of the population. The government is the principal and the companies are agents. With the aim of capturing revenue for the state, the...

This paper studies financial statement information from the 50 largest international oil and gas companies during 1992 to 2011 and evaluates their relation to market values. In particular, we examine how this relationship is affected by accounting method choice (successful efforts versus full...

British overseas investment was a powerful force behind rapid global integration before World War I. Close to half of the total was in the form of foreign direct investment. Weetman Pearson was among the most successful of Britain's overseas-based entrepreneurs of the period. By 1919, the...

The entrepreneurial activity of Enrico Mattei, who headed the Italian state oil company AGIP (later ENI) from 1945 to 1962, laid the groundwork for the company's growth during the 1950s and 1960s. Mattei relied on a group of knowledgeable specialists, who were equipped with a complex set of...

The intricate interplay among environmental pressure groups, oil companies, and governments is revealed from the perspective of the Anglo-Dutch company Royal Dutch Shell. An examination of three environmental issues demonstrates the company's awareness of such problems and describes its efforts...

This issue brings together five articles on the modern petroleum industry. Two cover the growth of the industry in the early twentieth century: Michael Adamson's study of the development by independent oilman Ralph Lloyd of California's coastal oil region; and the study by Lisa Bud-Frierman,...

[enter Abstract Body]The paper examines the determinants of corporate social disclosure (CSD) using a sample drawn from environmentally sensitive industries. It extends the traditional literature in two respects. First, it is international in scope, examining the accounting disclosure responses...