Business/economics
This article analyzes Nigeria’s deepwater fiscal framework by examining its legal foundations, the practical operation of production-sharing contracts, and the allocation of financial risk between the government and international oil companies.
The third and final part of the series covers the facility engineering and petroleum economics aspects of a field development plan.
Petroleum engineering tops the pay scale among engineering majors, with new graduates projected to earn an average starting salary of $100,750, according to the National Association of Colleges and Employers.
-
Dennis Smith, Chief Economist of IHS Energy, gives an introduction to commercial analysis of upstream projects, stressing the importance of various inputs, fiscal system interpretation, and presentation of economic indicators. -
Young professionals discuss the future energy mix and the role of renewables.
-
Two young professionals respond to the questions posed in this issue's Forum survey.
-
Sustained rapid economic growth has made China and India increasingly important in the world economy. The accompanying surge in energy demand from these two countries has been a factor in recent oil price increases.
-
The pace of globalization, despite its critics around the world, continues unabated. This reality raises increasingly pressing management issues for multinationals engaged in today’s complex and rapidly changing environment.
-
India and China offer significant opportunities and threats to the oil and gas industry and the world economy. Young professionals offer their opinions on these opportunities and threats.
-
A recipe for successful integration: trust and respect.
-
Young professionals examine questions surrounding two risk-related topics—risk perception and the value of risk analysis.
-
Monte Carlo simulation is the principal analytical tool of risk analysis. Its direct objective is always to estimate the range of something [e.g., reserves, project cost, business unit annual production, net present value (NPV), rate of return].
-
Editor Thomas Bruni assesses whether the oil industry is risky after all.
