Consortiums in the Upstream Oil Sector – How to Deem the Existence of a Permanent Establishment From Offshore Oil Activities?

Sonangol reform will extend Angola leader's power

Emerald Expert Briefings ◽

10.1108/oxan-db211783 ◽

2016 ◽

Keyword(s):

Niger Delta ◽

Oil Prices ◽

Economic Stability ◽

Content Type ◽

Public Finances ◽

Business Experience ◽

Oil Sector ◽

Offshore Oil

Significance Fund officials praised the government's efforts to rein in spending in response to low oil prices but said further steps were needed to ensure economic stability and improve transparency in public finances. The restructuring of state oil firm Sonangol, announced in April, will be critical for this process. Impacts Sonangol's reforms will shape business cross-regionally, given its multi-sector interests and status as one of Africa's largest companies. If certain of the firm's operations are streamlined, it could affect the livelihoods of some of its approximately 10,000 employees. The 16-billion-dollar Kaombo offshore oil project, led by Total, will prove fundamental for sustaining Angola's future oil output. Angola's status as the region's largest oil producer will persist as long as Nigerian output is reduced by Niger delta militant attacks. Isabel dos Santos's extensive business experience will bolster the investor credibility of the oil sector reforms.

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What’s Slowly Cooking in the Pressure Cooker? Safety Culture Contradictions in Atlantic Canada’s Offshore Oil Sector

Journal of Management Policy and Practice ◽

10.33423/jmpp.v21i4.3240 ◽

2020 ◽

Vol 21 (4) ◽

Keyword(s):

Safety Culture ◽

Oil Sector ◽

Offshore Oil

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Uganda’s oil ambitions slip further out of reach

Emerald Expert Briefings ◽

10.1108/oxan-db246614 ◽

2019 ◽

Keyword(s):

Content Type ◽

Industrial Parks ◽

Sales Process ◽

Oil Export ◽

Oil Sector ◽

The Government ◽

Project Lead ◽

Offshore Oil

Subject Outlook for Uganda's oil sector. Significance Uganda’s dreams of becoming an oil producer have hit another delay with the expiry of an agreement for Tullow to farm down part of its stake in the Lake Albert oilfields to Total and the China National Offshore Oil Corporation (CNOOC). Tullow will now seek a new buyer, but in the meantime Total, the project lead, has suspended work on the export pipeline element of the project. Impacts Tullow has said it will relaunch the sales process to reduce its stake and is confident of finding a buyer. Recent exploration success in Guyana will help fill the gap in Tullow’s project pipeline created by delay in Uganda. If Kenya’s planned oil export pipeline goes ahead, Uganda’s oil could yet be exported via Kenya, a route Uganda and Total rejected in 2016. The recurrent setbacks could also affect wider perceptions in the investment community as the government touts plans for industrial parks.

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Civil Liability and Financial Security for Offshore Oil and Gas Activities

10.1017/cbo9781316711583 ◽

2016 ◽

Cited By ~ 1

Keyword(s):

Oil And Gas ◽

Civil Liability ◽

Financial Security ◽

Offshore Oil And Gas ◽

Offshore Oil

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International differences in labor productivity: Role of capital, technological level and resource rent

Voprosy Ekonomiki ◽

10.32609/0042-8736-2016-9-67-93 ◽

2016 ◽

pp. 67-93 ◽

Cited By ~ 2

Author(s):

A. Zaytsev

Keyword(s):

Labor Productivity ◽

Developed Countries ◽

Resource Rent ◽

Per Capita Gdp ◽

Technological Level ◽

Per Capita ◽

Oil Sector ◽

Population Ratio ◽

Gdp Gap ◽

Productivity Gap

Using level accounting methodology this article examines sources of per capita GDP and labor productivity differences between Russia and developed and developing countries. It considers the role played by the following determinants in per capita GDP gap: per hour labor productivity, number of hours worked per worker and labor-population ratio. It is shown that labor productivity difference is the main reason of Russia’s lagging behind. Factors of Russia’s low labor productivity are then estimated. It is found that 33-39% of 2.5-5-times labor productivity gap (estimated for non-oil sector) between Russia and developed countries (US, Canada, Germany, Norway) is explained by lower capital-to-labor ratio and the latter 58-65% of the gap is due to lower technological level (multifactor productivity). Human capital level in Russia is almost the same as in developed countries, so it explains only 2-4% of labor productivity gap.

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