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 »
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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Nolan and Thurber identify risk as a major driver of whether countries use private or state-owned oil companies
In a new working paper, PESD affiliate Peter A. Nolan and associate director Mark Thurber find that considerations of risk help explain why oil-rich states may choose international oil companies rather than state-controlled enterprises to find and extract oil in "frontier" territories.
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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 Associate Director Mark Thurber presented a paper on oil governance at the 2010 Annual Convention of the International Studies Association (ISA) held from February 17-20th in New Orleans. Read more »
Op-ed: Encina Columns Summer '08
As oil prices surge through $140/barrel at the time of writing, surely one can at least count on the invisible hand of the market to drive further exploration and production and ultimately bring more supplies on line, right? Or perhaps, more ominously, high oil prices presage a darker future of shortage and conflict as global oil fields pass their geological "peak"? In fact, both positions miss a crucial point about the dynamics of the world oil market -- that it is increasingly animated by the counterintuitive behavior of the state-owned oil and gas giants that now control the vast majority of the world's hydrocarbon resources. Read more »
in the news: Boston Globe on January 22, 2005
PESD director David Victor predicts the lead countries in a global liquefied natural gas (LNG) market will not be those with the deepest reserves, but those that create the best climate for outside private investment to attract the technology needed for LNG processing. Read more »