Two jurisdictions compete to attract shares of the R&D investment budget of a large multinational enterprise, whose investments potentially confer positive spillovers on national firms. The firm contributes to local welfare by these spillovers (should they materialize), by tax payments and by...

Producers or consumers faced with an increase in taxes are usually able to shift parts of it to other levels in the value chain. We examine who is actually bearing the burden of increased energy taxes in the EU-area - consumers or exporters. Traditional tax incidence theory presumes spot...

Can added value be obtained from better collaboration between oil companies and contractors? The topic is addressed by analysing organisational patterns, contracts and compensation formats.Specific issues raised in this paper include the following questions. Are adjustments needed to contractual...

A real choice exists today on a number of discoveries between platform-based or subsea development solutions. Statistics from the Norwegian continental shelf (NCS) show that fields developed with fixed platforms have a substantially higher recovery factor. The potential for a later commitment to...

The decline in oil prices, combined with high costs which are slow to deflate, has brought forward the date when some fields on the Norwegian continental shelf (NCS) will cease production. Measures are therefore urgently required to extend the producing life of these fields and to improve their...

Drilling expenses has increased sharply in recent years. The productivity of drilling operations - in terms of meters drilled per day - significantly influences exploration costs. This study analyzes the effect of different types of learning on offshore drilling productivity. The econometric...

This article analyses commercial decision criteria for climate projects. The latter willnormally be executed by private players, for whom decision criteria developed from acommercial perspective are important. But such criteria are also important for the governmentin calculating the size of...

The article presents a commercial investment analysis of the carbon capture project at theKårstø gas processing plant in south-western Norway. We update an earlier analysis andcritically review the methods used including those applied for cost estimating. Ourconclusion is that carbon capture...

Recently, we have seen falling oil prices combined with sticky costs at a high level in thepetroleum industry. This causes project postponements, thus challenging reserve replacement ofoil companies and security of supply for consumers. Costs are particularly high for drilling. Highrig rates are...

Lower barriers to entry and developments in world capital markets have increasedthe actual and potential mobility of multinational enterprises. This poses challengesfor host countries' tax policies. The paper examines implications for such policies, formultinantionals' investment decisions and...