1st Edition

The Oil Business and the State National Energy Companies and Government Ownership

By Øystein Noreng Copyright 2022
256 Pages
by Routledge

256 Pages
by Routledge

256 Pages
by Routledge

National oil companies are big business with about 80 percent of the world’s proven oil reserves, and they are crucial to the world’s energy supplies. They are giants, some of the world’s largest companies, measured by market capitalisation, cash flow and investment. Little is known about their modus operandi, how they make decisions about investment and production or about relations with... Read more

1. State Or Market?—Both Or Neither? 2. A Brief Historical Overview 3. The First Wave: Colonial Oil Importers 4. The Second Wave: Oil Exporters 5. The Third Wave: Russia And China In The 21st Century 6. Intentions And Design 7. Capturing Economic Rent 8. Oil Risk, Business Culture and Governance 9. Conflictual Interaction 10. Follow The Money

Biography

Øystein Noreng is Professor Emeritus in the Department of Leadership and Organizational Behaviour at BI Norwegian Business School, Norway.