Petroleum development contracts with multinational oil corporations focus on the Nigerian oil industry by Maxwell Michael Gidado

Cover of: Petroleum development contracts with multinational oil corporations | Maxwell Michael Gidado

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Thesis (Ph.D.) - University of Warwick, 1992.

Book details

StatementbyMaxwell Michael Gidado.
ID Numbers
Open LibraryOL19429864M

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@article{osti_, title = {Theory of bargaining between multinational corporations and developing countries over mineral and petroleum-extraction contracts}, author = {King, P.G.}, abstractNote = {The history of negotiations between multinational corporations and less-developed countries involved in mineral and petroleum extraction has been widely examined.

Today, the Nigerian oil industry is dominated by MNOCs who provide the technology and managerial expertise for the running of the industry.

Petroleum development is a capital-intensive business involving enormous sums of money in foreign exchange. It also involves a lot of negotiations between the MNOCs and Nigeria. These negotiations often end with signing of. Pages in category "Multinational oil companies" The following 16 pages are in this category, out of 16 total.

This list may not reflect recent changes (). The search for petroleum drives oil and gas companies from the familiar confines of their home countries out into the world. The worldwide scope of the exploration for the production of oil and gas has led to the rise of international and multinational petroleum companies—companies that are nominally based in a home country but operate throughout the world.

Buy Petroleum development contracts with multinational oil corporations: focus on the Nigerian oil industry by Maxwell Michael Gidado (ISBN:) from Amazon's Book Store. Everyday low prices and free delivery on eligible : Maxwell Michael Gidado. Oil Multinationals in Nigeria: Human Rights, Sustainable Development and the Law Author.

Roberto Cui (Author) Year Pages 65 Catalog Number V File size KB Language English Tags multinationals nigeria human rights sustainable development Quote.

Environment. The unsustainability of oil development in Nigeria 5. The Human Rights performance International standards and domestic non-compliance Oil Multinational Corporations complicity in human rights violations 5. Concluding remarks. Chapter 6: CSR as a tool for sustainable development 6.

Self-Regulation and. Oil Multinational Corporations, Environmental Irresponsibility and Turbulent Peace in the Niger Delta and environmental degradation by oil multinational corporations) that continue to fuel.

Development of the petroleum industry in these countries necessitated a continuously shifting balance of requirements. Concurrent with this development was the erosion of concentration within the worldwide petroleum industry, once controlled by.

Petroleum development contracts with multinational oil corporations: focus on the Nigerian oil industry The major focus of the study is on the structure and forms of petroleum development contracts between Nigeria and the MNOCs.

The scope covers contracts spanning the period when oil exploration first began in Nigeria to the present. Iraqi oil officials are scheduled to meet with a consortium of Japanese companies on Sunday to finalize a development deal on the Nassiriyah oil field.

The negotiations follow a first round of bidding for lucrative contracts earlier this summer by several multinational oil corporations. Only the consortium comprised of British Petroleum and the. 5— The Petroleum Refining Industry. 87 and each refinery has been built to process a cer-tain type of crude oil (or “slate” of crudes) to pro-duce the products required for a defined market.7 Markets for specific products change constant-ly, and existing refineries are modified or new refineries are built to accommodate such changes.

Oil exploration began in and Shell-BP Petroleum Development Company was the only player until when American owned Mobil Exploration (Nig) Limited joined followed by several other multinational corporations including Exxon, Royal Dutch Shell, Gulf. “The Role of Multinational Oil Corporations (MNOCs) in Nigeria: More Exploitation Equals Less Development of Oil-rich Niger Delta Region.” Review of African Political Economy 45.

Fateh crude oil was US$ a barrel in Novembermarkedly lower than the high of US$ a barrel reached in Julyin real terms this crude hit the highest in history in November —equivalent to US$ a barrel in U.S. Contracts, Petroleum Development, Cambodia, oil revenue.

These salient characteristics make the TCP technology an excellent candidate for further development and deployment by oil companies. Conclusion. This paper examines the role of multinational oil corporations in the Niger Delta, in particular, the long-term effects of their presence on the indigenes of oil-rich region and their habitat.

years of petroleum development, landmen were the face of the upstream oil and gas industry. more common oil and gas contracts, and the issues that most frequently come to pass countries and multinational oil companies: (1) the concession (or lease), (2) the production sharing agreement, and (3) the service agreement.

File Size: KB. Contracts: License-Concession Agreements, Joint Ventures, and Production-sharing Agreements Jenik Radon It is in the interest of natural resource–rich countries to use their resources to obtain funds for social and economic development.

T o do so, many governments enter into con-tracts with foreign companies to develop and sell their oil or Size: KB. Petroleum Resources and Development (Economic, Legal and Policy Issues for Developing Countries), Belhaven Press, London & New York, (), p.

ez See, Clause, 12 of Model ANP Concession Agreement for the Exploration, Development and Production of Oil and Gas between national Petroleum Agency, Brazil, and Contractor, March Cited by: 1.

Originally published inthis study focuses on petroleum agreements between non-OPEC LDCs with oil-importing LDCs and how issues such as high oil prices affect each country. The information presented in this study was drawn from interviews with petroleum officials in petroleum companies, petrol.

Nigeria's total petroleum refining capacity isbarrels (70, m 3) per day, however, onlybarrels (38, m 3) per day was allotted during the uently, crude oil production for refineries was reduced further to as little as 75, barrels (11, m 3) per day during the regime of Sanni are four major oil refineries: the Warri Refinery and.

Contracts can be classified into two regimes, conces-sionary and production sharing. Under a concessionary (or tax and royalty) system, as in Thailand, the petroleum company obtains title to all of the oil and gas at the wellhead and pays royalties, bonuses, and income and other taxes.

The first production sharing agreement was signed in. Goad, M. () Petroleum Development Contracts with Multinational Oil Firms: The Nigerian experience, Maturing: El-Lincoln Services This book specifically focuses on forms and structures of oil and gas management contracts between Nigeria and multinational oil corporations (Moons).

This article focuses on the extant corporate social responsibility (CSR) practices in the oil and gas industry in Nigeria. The oil and gas sector of Nigeria has been beset by a lot of problems not limited to violence, kidnappings, eco-terrorism, and maladministration amongst others. One way of curing the inherent problems is the use of CSR by many oil multinational corporations (MNCs Cited by: 9.

Akpan, G. S., ‘Transnational Environmental Litigation and Multinational Corporations: A Study of the Ok Tedi Case’ (paper published by the Centre for Energy, Petroleum and Mineral Law, University of Dundee, Scotland, CP 11/98, )Cited by: The petroleum industry is arguably the most influential and important industry in the world.

This book offers a comprehensive introduction to the economics of oil and natural gas extraction and production along with a detailed discussion of pricing, taxing, and markets of Cited by: Running head: Multinational Corporation in Nigeria Multinational Corporation in Nigeria: Shell Petroleum Development Company Insert Name Insert Grade Course Insert 27th March Multinational Corporation in Nigeria: Shell Petroleum Development Company Introduction Multinational enterprises (MNEs) are corporate enterprises that produce goods or deliver.

Leyla Sayfutdinova, PhD Candidate, Middle East Technical University, Ankara, Turkey Multinational oil and gas exploration companies and their engineering contractors have been major employers of engineers in Azerbaijan since the dissolution of Soviet Union and the opening of Azerbaijan's petroleum industry to international actors.

These companies have. Model Contracts: a Survey of the Global Petroleum Industry A Timothy Martin. The oil and gas business has pioneered the use of model contracts over the last fifty years. This article reviews the development of these model contracts File Size: KB.

NNPC was established on 1 April as a merger of the Nigerian National Oil Corporation and the Federal Ministry of Mines and Steel. NNPC by law manages the joint venture between the Nigerian federal government and a number of foreign multinational corporations, which include Royal Dutch Shell, Agip, ExxonMobil, Total S.A, Chevron, and Texaco (now merged with Headquarters: Abuja, FCT, Nigeria.

BP (British Petroleum) is a multinational oil and gas company which operates in 6 continents and has services and products available in more than countries. BP was originally established in as the Anglo-Persian Oil Company, however in the business began to File Size: KB.

BP plc (formerly The British Petroleum Company plc and BP Amoco plc) is a multinational oil and gas company headquartered in London, is one of the world's seven oil and gas "supermajors", whose performance in made it the world's sixth-largest oil and gas company, the sixth-largest energy company by market capitalization and the company with the world's Industry: Oil and gas.

Although Shell blames the oil pollution to sabotage, activists say the case could set a precedent for damage claims related to the foreign activities of multinational companies. Ogoni is the name of a region in the Niger Delta of southern Nigeria as well as.

OPEC once again grabbed the opportunity, invoking force-majeure clauses on existing contracts with multinational oil corporations and hiking petroleum prices.

Those events, coupled with the accident at Three Mile Island nuclear facility in Pennsylvania, created another spiraling panic in the United States.

OPEC, in full Organization of the Petroleum Exporting Countries, multinational organization that was established to coordinate the petroleum policies of its members and to provide member states with technical and economic aid. Membership and organization.

OPEC was established at a conference held in Baghdad September 10–14,and was formally. The Egyptian General Petroleum Corporation (EGPC), which has been Egypt’s vehicle of economic development of the petroleum sector, has evolved since its antecedents were created in It has survived Egypt’s revolution, the natural death of the head of state, an assassination, a peaceful transition of power, and conventional elections.

The oil industry has seen many risks with corruption and bribery cases associated with multinational corporations, desperate for licenses to operate.

The ease with which some of them collaborate with willing national political elites to circumvent law in the course of pursuing their interests is an issue that the global energy system lacks Author: Fidelis Allen. Oil Refining is an industrial process plant where crude oil is processed and refined into more useful products such as petroleum, kerosene, gasoline, diesel, naphtha etc.

these are large scale plants in which, through pipelines carrying streams of fluids between large chemical processing units. Related Journals of Oil Refining. ONEOK, Inc. - Involved in oil and gas production, natural gas processing, gathering, storage and transmission in the mid-continent areas of the United States.

Furthermore marketing and trading of natural gas. Based in Tulsa, OKUSA. (NYSE:OKE) Oracle Energy Inc. - Energy company actively engaged in the exploration and development of a. EIA lowers oil demand forecast amid high uncertainties. Global petroleum and liquid fuels demand is expected to average million b/d ina.

Petroleum investigation: hearing[s] before a subcommittee of the Committee on Interstate and Foreign Commerce, House of Representatives, Seventy-sixth Congress on H. Res. and H.R.to promote the conservation of petroleum; to provide for cooperation with the states in preventing the waste of petroleum; to create an office of petroleum.Oil and Petroleum Products FAQ: A Shale New Deal This is a guest post by Hunter Kornfeind, intern for Energy and Climate Policy at the Council on.

When overproduction had threatened to drive producers out of business, the central government initiated an ambitious program to raise crude oil prices by constructing the largest oil refinery in non-Russian Europe, converting all public lines of the Austrian state railway from coal power to petroleum, and purchasing million tons of crude Cited by: 5.

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