The Arctic shelf is the richest region of the world by overall volumes of oil and gas resources. However, countries of the Arctic basin have progressed unequally in developing them. In this article, the authors suggest that the diverging result of these countries in many ways depends on the...

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...

This paper sets out an analytical framework for assessing the performance and value creation of National Oil Companies (NOCs). NOCs differ greatly in their institutional environments, their corporate objectives and operations, and their domestic and international socio-economic linkages, which...

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...

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...