Countries rich in oil and gas often derive great wealth from these resources. Yet such countries are also often host to chronic economic problems, regional infighting and democratic deficits—factors which lead to high levels of corruption and lack of government accountability in the oil and...

What are some of the possible futures for Barents Sea oil and gas? This chapter draws upon the key trends and issues covered by the book's thematic chapters and presents three scenarios on the prospects for Norwegian–Russian cooperation in the Barents Sea. Ultimately human interaction will...

In this paper, we discuss potential developments of the world natural gas industry at the horizon of 2030. We use the World Gas Model (WGM), a dynamic, strategic representation of world natural gas production, trade, and consumption between 2005 and 2030. We specify a "base case" which defines...

The European natural gas market is characterized by declining indigenous resources, particularly in the UK and the Netherlands, and a growing dependence on a small number of large exporters who, as a consequence, see their market power increasing. In this paper we analyze long-run scenarios for...

There is hitherto limited scholarship on the risks of corruption in local content policies in the extractive sector throughout the world. Yet, the concern that corruption might rear its head in local content policies in the extractive sector, particularly in developing countries where regulatory...

This paper assessed the "Impact of Oil and Gas Resource Exploration on the Environment" of Delta State oil producing communities of Nigeria. It examined the problems associated with oil exploration and its mitigation. Primary and secondary data were used to source data for the set objectives....

Unconventional oil and gas development is surging in the United States, despite the inconsistent market for oil and gas. By most estimates, if unconventional gas exploration and extraction continues at current rates, the United States could become a net exporter of natural gas by 2020. Although...

Since oil was discovered in Nigeria back in 1956, the manufacture and dependence of oil has been a subject of uncertainty for years. It is generally believed that nations with bountiful natural resources should thrive and be one of the nations at the top but it has been realized that such has...

The field of Oil and gas is indeed a well-packed area or jurisdiction when the topic of what contributes most to the Nigerian economy comes up for discussion. In this stead, it should not be a surprise that this paper has been brought to aid the reader with between understanding of some of the...