Based on the research in Oil and Governance, PESD researchers Mark Thurber and David Hults argue that the incentives an NOC faces to take, avoid, or manage risk critically determine its strategy and whether it can achieve the particular goals of its host government. Read more »
National oil companies can cause pain at pump, research shows
State-owned oil companies dominate the world's oil supplies, and politicians often cannot resist getting involved. When they do, the result is often excessive pollution, poor company performance and volatile oil prices. PESD's Mark Thurber makes the case in a new book.
- » Thurber's research featured in Stanford Report
- » Oil and Governance: State-owned Enterprises and the World Energy Supply
A PESD study just released in Energy Policy found that stove businesses are challenging but feasible with deep financial backing and managerial acumen. However, such businesses struggle to make a serious dent in the household-level indoor air pollution problem that motivated many to pursue improved biomass stoves in the first place. Read more »
PESD director Frank A. Wolak accepted an invitation to participate in the first public hearing The Little Hoover Commission (a bipartisan independent state oversight agency) has scheduled to examine the coordination among the state's related organizations and federal agencies with energy-related activities. Read more »
In their Energy Policy article, entitled "Exporting the ‘Norwegian Model': The effect of administrative design on oil sector performance," PESD researchers Mark Thurber, David Hults, and Patrick Heller present work casting doubt on the idea that imitating best practices from Norway is necessarily the best route to improved oil sector performance for other countries.
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PESD releases study of Norway's national oil company Statoil
Norway is lauded as the rare example of a major oil and gas exporting country that has managed to avoid the "resource curse." A new study by PESD Associate Director Mark Thurber and Consulting Research Associate Benedicte Tangen Istad looks more closely at the Norwegian petroleum experience and the role of national oil company Statoil in it. The reality is messy and political but nonetheless an impressive story of how Norway built a vibrant domestic oil and gas industry on the back of national champion Statoil and a robust system of governance that could curb Statoil's excesses as needed at a few key junctures.
PESD releases new Working Paper titled "Adapting to Shifting Government Priorities: An Assessment of the Performance and Strategy of India's ONGC
In PESD's Working Paper #91 titled "Adapting to Shifting Government Priorities: An Assessment of the Performance and Strategy of India's ONGC," research fellow Varun Rai attempts to unpack the dynamic between India and its largest state-owned company Oil and Natural Gas Corporation Limited (ONGC) devoted to exploration and production.
- » Adapting to Shifting Government Priorities: An Assessment of the Performance and Strategy of India's ONGC