This paper critically examines existing policies for regulating offshore drilling. I argue that historical regulations based on requiring significant redundancy in safety systems — “belts and suspenders” — is ineffective because the risks of safety system failures are not independent....

This book discusses the art and science of economic decision making. It combines logical thinking with analytics, economics, and finance to draw decision insights for the upstream petroleum projects. The book offers useful analysis skills for practitioners in industry, including analysts,...

In the recent past the specter of resource nationalism has proved to be a daunting propsect for international oil companies' (IOCs) business. Such a phenomenon is certainly a big risk factor for IOCs, and it leads to disputes between IOCs and their host states. There are ways and means — legal...