State or Market?-- Both or Neither? -- A Brief Historical Overview -- The First Wave: Colonial Oil Importers -- The Second Wave: Oil Exporters -- The Third Wave: Russia And China In The 21st Century -- Intentions And Design -- Capturing Economic Rent -- Oil Risk, Business Culture And Governance...

National oil companies tend to elicit unequivocal views. To political leaders within petroleum-producing countries, they often represent a sine qua non of a strategy capable of delivering long-term benefits to citizens. To many international analysts and donors, they represent vestiges of an...

National oil companies (NOCs) have invested hundreds of billions of dollars in foreign oil and gas assets. Why have some governments increased their NOC outward investments, while others have not? I argue that domestic structures can influence a government's calculus that potential benefits,...

Through a study of French petroleum policy over the last fifty years, Harvey B. Feigenbaum presents a theoretical analysis of public enterprise and a general analysis of the relationship of state to society.Originally published in 1985.The Princeton Legacy Library uses the latest print-on-demand...

This paper provides an assessment and a review of the national oil companies' (NOCs) business models, challenges and opportunities, their strategies and emerging trends. The role of the national oil company continues to evolve as the global energy landscape changes to reflect variations in...

This paper investigates the existence of ownership effects in the global oil and gas industry, i.e. whether there are systematic performance and efficiency differentials between National Oil Companies (NOCs) and privately-owned International Oil Companies (IOCs). After discussing key issues of...

Recent expropriations in the oil sectors of Argentina, Bolivia, and Venezuela have renewed interest in the study of nationalizations in the oil industry. This paper analyzes oil nationalizations using a new dataset for 62 oil-producing countries for the period 1905-2005. As existing data on...