Oil

The Petrobras Monopoly and the Regulation of Oil Prices in Brazil

Published: 1^st January 1998| By: F. Brandao

Categories / Country and Regional Studies, Finance, Oil

Tags / , Automotive Alcohol, Brazil, Cross- Subsidisation, Monopoly, Oil Prices, Oil Products Pricing, Oil Shock, Petrobras, Regulation, Regulations, Taxation

Tax or Technology? The Revival of UK North Sea Oil Production

Published: 1^st October 1997| By: S. Martin

Oil production in the UK North Sea reached a peak of 2.63 million bld in 1985. As widely predicted in the 1970s and early 1980s, output then declined sharpty, down to 1.8 million bld in 1991. The surprising feature of subsequent production development was a resumption of growth after the 1991 trough to a new [...]

Categories / Country and Regional Studies, Energy Economics, Finance, Oil

Tags / , Changes, Fiscal Regime, Fiscal Relaxation, Internal Rate of Return, New Technology, Oil Output, Oil Production, tax, The North Sea, UK

A Comparison of the US and European Auto/Oil Programmes

Published: 2^nd March 1997| By: S Legge

Categories / Country and Regional Studies, Energy and the Environment, Oil, Publications, Working Papers

Tags / , Air Quality, country and regional studies, Energy and environment, Europe Automotive Industry, EV 23, Fuel, Gasoline, Inter-Industry Research, Legislation, Oil, Oil Industry, USA, Vehicle Emissions, Vehicle Technology

Oil in Asia: Markets, Trading, Refining and Deregulation

Published: 1^st January 1997| By: Paul Horsnell

Categories / Country and Regional Studies, Energy Economics, Energy Policy, Finance, Oil, Oil & Middle East Programme, Working Papers

Tags / , Asia, Crude Oil, Energy Balances, Futures Market, Inflation, Liberalisation, Margin Dynamics, Oil Demand, Oil Market, Pacific, Refinery profitability

The Benefits of Information Sharing in Petroleum Exploration: An R&D Approach to the Study of the United Kingdom Continental Shelf

Published: 1^st January 1997| By: F. Barrera-Rey

This paper is an attempt to introduce information as an input in the production function of an exploration firm and apply this model to the study of the United Kingdom Continental Shelf (UICS). This, almost trivial, observation to anvone acquainted with the worlungs of the exploration activity has been absent from economic-based models of exploration [...]

Categories / Country and Regional Studies, Energy Economics, Oil

Tags / , Competitive Drilling, Information Sharing, Market failure, Natural Resource Economics, Petroleum Exploration, R&D Approach, Research and Development Processes, UKCS

Private Landlord-Tenant Relationship in British Coal and American Oil: A Theory of Mineral Leases

Published: 1^st January 1997| By: B. Mommer

A very great and, at first glance, confusing variety of tenancy arrangements for mineral resources can be observed around the world. Substance and form may vary not only from one country to another, but even from one region to another within the same country. In addition, the type of tenancy may vary from one mineral [...]

Categories / Energy Economics, Finance, Oil

Tags / , American Oil, British Coal, Depletion, Landlord-Tenant Relationship, Mineral Leases, Nationalisation, Private Leases, Reservation Royalties, Ricardian Rent Theory, United Kingdom, USA

North Sea Decommissioning: Valuing the Options

Published: 1^st January 1997| By: T. Roberts

This paper develops a model of the decision to decommission an oil platform offshore the UK, using elementary options valuation It contrasts the choice of decommissioning date under expected or certain-equivalent value with the dates that would be optimal if options values for continuing production were developed with respect to uncertain prices, decommissioning costs, fixed [...]

Categories / Energy Economics, Finance, Oil

Tags / , Cash-Flow Analysis, Decommissioning, Depletion, Environmental Protection, Modelling Tax, Norway, NPV Analysis, Oil Production, Operating Costs, Options Valuation, Timing, United Kingdom

Government Subsidies and Demand for Petroleum Products in Iran

Published: 1^st August 1996| By: D. Salehi-Isfahani

Oil-exporting countries are among the world’s fastest growing consuiners of petroleum products.  Between 1966 and 1986, encouraged by rising incoines and falling piices, doinestic consumption of oil in OPEC countries increased by 94 per cent per year. Without fui-ther increase in capacity, at this rate their consumption of refined products – which in 1993 stood [...]

Categories / Country and Regional Studies, Energy Economics, Finance, Oil

Tags / , Demand, Domestic Consumption, Elasticities, Iran, Petroleum Products, Pricing, Production Capacity, Refined Products, Subsidies

Oil Tankers and Pollution Laws

Published: 2^nd March 1996| By: Leonie Archer

Categories / Energy and the Environment, Oil, Publications, Working Papers

Tags / , Anti-Pollution Initiatives, Environmental Regulation, EV 22, Legislation, Oil Pollution, Oil Pollution Act, Oil Supply, OPA, Spill Prevention, Tanker Industry

The Brent Contract for Differences (CFD)

Published: 1^st January 1996| By: F. Barrera-Rey, A. Seymour

The decision to undertake a study of the Brent CFD (Contract for Differences) market was made for two reasons. The first is that the Institute has done major research work on the various constituents of the Brent market complex in an almost continuous manner since 1984. This led to the publication of two books, The [...]

Categories / Energy Economics, Finance, Oil

Tags / , Brent, CFD, Differential, Forward Price, Futures, Liquidity, Oil Contracts, Spot Market, Spot Price, Squeezes, Trading Instrument, Volatility