In 1997 the Brazilian government passed Law number 9478, establishing new criteria for petroleum royalty transfers to Brazilian municipalities. The goal of this paper is to evaluate whether royalties distributed under this law contributed to improving social indicators relative to the national...

This paper explores whether increasing fossil fuel divestment commitments are related to thereduction of capital flows into the oil & gas sector, based on an analysis of syndicated lending, equity and bond underwriting across 33 countries from 2000 to 2015. We find that increasing oil & gas...

History’s biggest oil boom is happening right now, in the United States, ushering in the third age of oil and gas law. The first age of oil and gas law also began in the United States a century ago when landowners and oil companies developed the oil and gas lease. The lease made the modern oil...

The present paper seeks to explain how ethics and values in public policy can be result of different historical contingencies. Specifically, it explains the accomplishment of petroleum resource management in Norway. The main argument is that the success of this policy is an understanding of the...

This paper studies the dynamic effect of oil rents on industrial added value in a sample of countries with different levels of development. Using a SVAR model, we tested the effect of a real shock and a nominal shock on the variables of the model. The main obtained results are three. First, we...

Oil resources are neither a curse nor a blessing. The sound management of these resources can make them beneficial or otherwise. In order to translate Ghana's oil resources into inclusive development amid high expectations, several laws and regulations have been passed and new institutions...

As technologies change and the scale of human activity grows, so, too, does the law. The surge of oil and gas production in the United States, spurred by hydraulic fracturing in shale formations, has fomented a sea change in oil and gas law, substantially infusing this area with more complex...

This paper discusses the political economy of oil in Uganda since the announcement of its discovery in 2006. It focuses on the dynamics of oil revenue generation (pre-commercial production) and expenditure, investor-stakeholder contestation (i.e. between bureaucrats, investors/oil companies, and...

Colombia's oil history began in 1918 and reached its golden era at the end of the 1980s. Regulation in the oil industry changed several times since 1974, mainly responding to the discoveries made. Although agreed contract terms have been honored for oil fields allocated in the past, regulation...

Petroleum rent collection has been an on-going area of interest to Petroleum Economists, investors, and exhaustible resource owners (governments) and the question of what an efficient rent collection design or system should be is also an ongoing issue in the oil industry. This latter question is...