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We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian … random walk benchmark in an out-of-sample environment. Second, lags of investment growth, crude oil price growth and realized … volatility is found to be adequate predictors for the investment growth. Finally, there is a clear benefit from re-estimating the …
Persistent link: https://www.econbiz.de/10011544319
We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian … random walk benchmark in an out-of-sample environment. Second, lags of investment growth, crude oil price growth and realized … volatility is found to be adequate predictors for the investment growth. Finally, there is a clear benefit from re-estimating the …
Persistent link: https://www.econbiz.de/10012979540
We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian … random walk benchmark in an out-of-sample environment. Second, lags of investment growth, crude oil price growth and realized … volatility is found to be adequate predictors for the investment growth. Finally, there is a clear benefit from re-estimating the …
Persistent link: https://www.econbiz.de/10012981050
strong dampening impact on the effects of prices increases on investment. We also find strong and significant negative …
Persistent link: https://www.econbiz.de/10012892216
domestic product, government revenues, investment and exports. A sharp fall in oil prices has had a significant impact on the … these overruns? Media coverage might easily give the impression that Norway's oil and gas sector is suffering from a lack of … poorly in Norway than in other producer nations? Can we see learning effects? How do the Norwegian and the international oil …
Persistent link: https://www.econbiz.de/10011554409
This paper studies the investment decisions by oil and gas companies operating on the Norwegian Continental Shelf. We … variables. We find that the most important factors influencing the investment decisions are the size of the oil and gas reserves …
Persistent link: https://www.econbiz.de/10012927959
strong dampening impact on the effects of prices increases on investment. We also find strong and significant negative …
Persistent link: https://www.econbiz.de/10011957186
domestic product, government revenues, investment and exports. A sharp fall in oil prices has had a significant impact on the … these overruns? Media coverage might easily give the impression that Norway's oil and gas sector is suffering from a lack of … poorly in Norway than in other producer nations? Can we see learning effects? How do the Norwegian and the international oil …
Persistent link: https://www.econbiz.de/10012978380
domestic product, government revenues, investment and exports. A sharp fall in oil prices has had a significant impact on the … these overruns? Media coverage might easily give the impression that Norway's oil and gas sector is suffering from a lack of … poorly in Norway than in other producer nations? Can we see learning effects? How do the Norwegian and the international oil …
Persistent link: https://www.econbiz.de/10012978684
Development projects in the oil industry often have cost overruns. Through analysis of data from Norwegian development projects in the petroleum industry, this paper investigates the common effect of business cycle developments on cost overruns. Lack of capacity and expertise in a tight supplier...
Persistent link: https://www.econbiz.de/10011539018