This paper provides evidence that oil price fluctuations have been an important driver of petroleum investment in Norway. To show this, I utilize a Bayesian vector autoregressive (BVAR) model combined with local projections, using various investment data from national accounts and firms' survey...

Evaluating the economic benefits of tight oil resources is necessary for China to increase its tight oil production and reserves. This study systematically analyzes the uncertainties in tight oil development in China, the factors affecting the tight oil economy, and the coevolution of the...

Global shocks potentially distort economy's achieved equilibria. Considering the 2020 global crude oil price shock and the 2019 coronavirus disease pandemic, this study proposes an energy and environment integrated general equilibrium model to analyze the economic, energy, and environmental...

Oil and gas revenues have underpinned the Russian economy for decades. As a result, they are an obvious target for sanctions from countries wishing to punish Russia for the annexation of Crimea in 2014 and the invasion of Ukraine in 2022. However, the impact of hydrocarbons from Russia on the...

For a long time, Norway has had resource rent taxes on oil- and natural gas extraction as well as on hydropower generation. Recently, resource rent taxes have also been levied on aquaculture, and wind power generation. This paper, gives a short overview of the rent theory, the basis for rent...

This paper argues for a change in government attitudes to their extractive industries: as enclaves useful primarily as revenue sources. This is too narrow a perspective: it fails to recognize the broader economic linkages that are invariably possible. Achieving greater economic impact requires...

This paper analyses the risks facing resource-dependent countries. These include: (i) economic mismanagement (the 'resource curse'); (ii) political mismanagement; (iii) environmental damage (climate change and the destruction of natural capital). It distinguishes 'risk' (which can be addressed...

The extractives industries are highly controversial but remain vitally important in much of the developing world. This paper considers their role in reducing energy poverty and discusses scenarios for the future of the global markets for oil, gas, and metals (emphasizing the increasing...

The OPEC governments mainly financed their budgets by relying on oil production, similar to many other governments globally. However, the world’s ongoing economic development, changes in countries’ political relationships, and exchange of sanctions could have adverse consequences for...

We examine the impact of multinational oil companies' (MOCs) corporate social responsibility (CSR) using global memorandum of understanding (GMoU) on mitigating the resurgence of intercommunal violence in Niger Delta, Nigeria. Using explanatory research design, the study adopted mixed methods to...

Companies in the oil, gas, and mining sectors face ever intensifying scrutiny over their environmental, social, and governance (ESG) practices and impacts: from civil society but also from investment funds and other stakeholders with ESG mandates. Companies with good practices-and the paper...

While market mechanisms and private initiatives can deliver much for development, public action is also necessary to: maximize the economic benefits of the extractive industries; manage potentially large capital and revenues flows; minimize adverse environmental and social impacts; and steer the...

This paper analyses the roles that states, civil society, and international actors can play in tackling the weak governance that sometimes leads to resources being used for private rather than public benefit. It discusses the corruption that bedevils licensing and commodities trading; and oil...

Purpose -The purpose of this paper is to critically examine the multinational oil companies' (MOCs) corporate social responsibility (CSR) initiatives in Nigeria. Its special focus is to investigate the impact of the global memorandum of understanding (GMoU) on mainstreaming gender sensitivity in...

Nigeria's oil-producing region is experiencing a surge in community-based vigilante violence, potentially escalating conflict dynamics and increasing fear of injury. The reason it matters is that neighborhood vigilante groups are more likely to participate in criminal, political, and ethnic...

There have been increasing demands on multinational oil companies (MOCs) to provide community development programmes and security to their host communities in Nigeria. This is mainly because developmental projects and security are lacking in most of these communities and most of the time they...

This paper explores the asymmetric and symmetric influence of the human development index (HDI), economic growth, CO2 emissions and inflation on crude oil production (COP) in Cameroon from 1977 to 2019. The Zivot-Andrews and Augmented Dickey-Fuller tests verified stationarity, the ARDL and NARDL...

This study examines the intricate relationship between natural resource abundance, with a specific focus on oil production, and its impact on economic growth in Ghana. Through the application of the robust Fully Modified OLS methodology and using data spanned from 1960-2021 the research...

The rise of shale gas and tight oil development has triggered a major debate about hydraulic fracturing (HF). In an effort to bring light to HF practices and their potential risks to water quality, many U.S. states have mandated disclosure for HF wells and the fluids used. We employ this setting...

Violent conflicts act as disincentives for sustainable socioeconomic development in conflict-prone societies, especially in the Global South. Existing studies focus largely on economic, political, and social triggers of violent conflicts; cultural factors, while important, are often not...