Background: This study revisits whether oil revenue windfalls translate into higher socio-economic welfare in oil-exporting economies and explains why oil price booms often fail to generate sustained gains in real GDP per capita. Methods: Using annual data for ten oil-exporting countries over...

The study aims to identify economic measures that enhance support for climate change mitigation, particularly in oil-rich communities. Using US county-level data, the research shows that the presence of oil reserves is negatively associated with the attribution of human influence to climate...

The North Sea has a significant potential for offshore wind energy, making it important in the European energy transition. However, it presents challenges, particularly regarding required changes to marine spatial planning (MSP), impacting the ecological and social systems. This study explores...

This study revisits the academic disagreement on the impact of resource rent tax design on oil and gas companies. The disagreement relates to whether the petroleum special tax on the Norwegian Continental Shelf leads to under- or over-investments. Ideally, to ascertain the degree of investment...

Amidst the constraints of carbon peaking and carbon neutrality goals (dual carbon) and high import dependence, safeguarding China's petroleum security faces intensified challenges. This study constructs a dynamic weight evaluation framework integrating four dimensions: "Availability",...

It has often been argued that countries that produce natural resources mobilize less non-resource tax revenues than other countries. In this paper, we exploit the exogenous variation in the timing of giant oilfield discoveries to estimate the causal impact of natural resources on taxation. The...

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...

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...

I study the impact of giant oil field discoveries on default risk. I document that interest rate spreads of emerging economies increase by 1.3 percentage points following a discovery of median size. I develop a sovereign default model with investment, three-sector production, and oil...

Mineral oil hydrocarbons (MOH) are a diverse group of chemical compounds mainly derived from petroleum distillation and refining. They are divided into two main categories based on their chemical structure: Mineral oil saturated hydrocarbons (MOSH) Mineral oil aromatic hydrocarbons (MOAH) Health...

Implied covenants are obligations that are not expressly imposed by a contract, but which courts nevertheless find are binding on one or more parties to the contract. Courts routinely hold that oil and gas lessees are bound by several implied covenants. This Article reviews the various implied...

Of all the contracts used in the oil and gas industry, none is as important as the oil and gas lease. It is the foundational instrument in oil and gas and a required prerequisite to development for those who do not own the mineral estate. Its uniqueness arises in that unlike most other oil and...

This paper evaluates the existence of a resource curse on political regimes using the Synthetic Control Method. Focusing on 12 countries, we compare their democracy level with the weighted democracy level of countries that have not experienced oil shocks and have similar pre‐event...

We examine the response of the news-based Corruption Reflection Index (CRI) to positive shocks in oil revenues in Iran. Using annual data from 1962 to 2019, we employ the Vector Autoregressive (VAR) model and analyze impulse response functions. Our findings reveal a positive and significant...

This study tries to interrogate the unfolding skirmishes between Gombe and Bauchi States arising from competition for claim over ownership of the recently found oil endowed resources in the Kolmani area that cut across them. The article is situated within the context of Max Weber Conflict theory...

This study tries to interrogate the unfolding skirmishes between Gombe and Bauchi States arising from competition for claim over ownership of the recently found oil endowed resources in the Kolmani area that cut across them. The article is situated within the context of Max Weber Conflict theory...

Natural resource discoveries lead to anticipation, uncertainty, and potentially large revenue windfalls for local governments. I leverage exogenous subnational variation in offshore oil discoveries in Brazil to identify dynamic effects of news and revenue shocks on local public finances, public...