Energy price regulation is an important policy issue in the context of any developing nation, including India. The prices are controlled by the government, and these pricing mechanisms have resulted in distorted market structure. It is believed that the existing pricing policy for Natural Gas in...

The increasing interest in renewable energy, and the economic reality of competing against lower cost non-renewable energy sources, has stimulated sequential innovation of renewable energy products in order to produce a more competitive product. Unfortunately, the combination of technological...

This paper examines the short-run and long-run effects determinants final oil consumption in seven major economic sectors in Thailand. Two different approaches are compared. The first approach uses dynamic panel data estimation techniques taking into account oil consumption of the whole economy...

Because of a long time frame, irreversible and specific investments, incomplete contracts and political constraints, it is generally difficult for governments to commit themselves in a credible way to a fixed petroleum tax regime. Many controversial renegotiations and tightenings of such systems...

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

To many observers, the relationship between Georgia and the Russian Federation is one that has long been fraught with tension, mistrust and lack of common ground. Following the brief war in August 2008 between the two countries over the break-away region of South Ossetia and the ensuing...

Domestic oil tax influences not only consumer price, but also oil company's bid-ask spread and international oil price via vertically-related markets. Our empirical study found that, the domestic tax elasticity of international oil price in U.S., EU and Japan is negative, which means that...

Financial leasing is prevalent in LNG projects. Actually, in many LNG infrastructure projects, leasing is the only option for oil companies. A common approach in such settings is to treat financial leasing costs as operating cost and discount with the firm's weighted average cost of capital...

Shortages of rigs and personnel have encouraged creativity in designing incentive contracts in the drilling sector. In particular for oil service contracts, since those companies have the most direct control of drilling efficiency. A large variety of contract types are in use, including within...