International Petroleum Exploration and Exploitation Agreements: Legal, Economic and Policy Aspects - (book review)
Article from: OGEL 4 (2010), in Upstream Petroleum Regulation incl. Host Government Contracts
Introduction
This is the second edition (first edition published in 1986) of a book covering international agreements in the petroleum industry. This is a very timely publication, given the significant shifts in petroleum prices of recent years, which saw a steady increase in prices followed by the collapse in prices that was brought about by the global economic crisis. The period has also seen nationalisation or forced changes to international oil companies' participation in countries like Venezuela or Russia; technological breakthroughs allowing not only new areas such as ultra-deep waters ...