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Petroleum Industry Regulation within Stable States book cover

1st Edition

Petroleum Industry Regulation within Stable States

By Solveig Glomsrød, Petter Osmundsen Copyright 2005
    192 Pages
    by Routledge

    192 Pages
    by Routledge

    192 Pages
    by Routledge
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    This book addresses the challenges facing stable democratic states in dealing with oil companies in order to secure general welfare gains. Political stability means that such states should be able to take a longer term perspective. The principal topic considered is petroleum industry regulation but the insights extend to other non-renewable natural resources. A particular issue addressed is the question of tax competition between producing countries. Within the context of company/government relations the book considers such current topics as the challenges of dealing with merged companies and the strategic choices facing tax authorities.

    Contents: Introduction, Solveig Glomsrød and Petter Osmundsen; Optimal petroleum taxation subject to mobility and information constraints, Petter Osmundsen; Critical factors in transnational oil companies localisation decisions - clusters and portfolio optimisation, Hans Jarle Kind, Petter Osmundsen and Ragnar Tveterås; The taxing task of taxing transnationals, Thomas A. Gresik; Substantial petroleum wealth: does monetary policy regime matter?, Torbjørn Eika and Knut Moum; Saving petroleum wealth: tales of three jurisdictions, Rögnvaldur Hannesson; Petroleum policy and prospects in the UK continental shelf, Alex Kemp and Linda Stephen; The petroleum tax system revisited, Nina Bjerkedal and Torgeir Johnsen; Index.

    Biography

    Dr Solveig Glomsrød is Research Fellow in the Division of Petroleum and Environmental Economics, Research Department, Statistics Norway. Petter Osmundsen is Professor in the Section of Petroleum Economics, Stavanger University College, Norway.

    'As the oil industry increasingly becomes global, the ability to understand and handle different aspects of host countries' tax and regulatory systems is critical for companies' competitive position. This book provides important insight on how the interplay between regulatory and tax policies and companies' actions affect government revenues and optimal location decisions.' Eirik Wærness, Chief Economist, Statoil, Norway
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