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...

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...

Russia is experiencing deep structural changes in many areas. For the seafood industryimportant developments are large increases in household incomes, development of modernsuper- and hypermarket distribution channels, and product innovations. In the seafoodcategory consumers are adopting new...

Russia is experiencing deep structural changes in many areas. For the seafood industry important developments are large increases in household incomes, development of modern super- and hypermarket distribution channels, and product innovations. In the seafood category consumers are adopting new...

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Aquaculture production has increased rapidly during the last three decades. This is due toincreased production of established species as well as a continuous introduction of newspecies. Productivity growth is the main engine for the increased production in aquaculture,and as the accumulated...

In recent years an increasingly common feature in international trade is cases where animporting country finds production practices in exporting countries unacceptable, and whereone seeks to change these practices by imposing trade restrictions. Examples includeunacceptable environmental...

This paper investigates the economic value of trade when prices of transportation services are endogenous to cross-market price spreads. This is relevant for liquefied natural gas (LNG) exports. LNG transportation capacity is limited in the short-run, and long lead-times are involved in...

During the last decade, Value-at-Risk (VaR) has become the most common tool to measure the exposure to short term financial risk for companies in the oil industry, in common with most other sectors. However, VaR has been criticized after the financial crisis for providing too optimistic risk...