The Political Economy of Power: Approaches to the Analysis of Relationships between the State and Business in Russia

2011 ◽  
pp. 19-33
Author(s):  
A. Oleinik
Keyword(s):  
Oil And Gas ◽  
Road Construction ◽  
Oil And Gas Industry ◽  
Retail Trade ◽  
Business Community ◽  
The Political ◽  
Economic Power ◽  
Gas Industry ◽  
The Road ◽  
Ruling Elites

The article deals with the issues of political and economic power as well as their constellation on the market. The theory of public choice and the theory of public contract are confronted with an approach centered on the power triad. If structured in the power triad, interactions among states representatives, businesses with structural advantages and businesses without structural advantages allow capturing administrative rents. The political power of the ruling elites coexists with economic power of certain members of the business community. The situation in the oil and gas industry, the retail trade and the road construction and operation industry in Russia illustrates key moments in the proposed analysis.

Oil and gas

2019 ◽  
pp. 347-362
Author(s):  
John Child ◽  
David Faulkner ◽  
Stephen Tallman ◽  
Linda Hsieh
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
The Political ◽  
Host Countries ◽  
Gas Industry ◽  
Oil Companies ◽  
Legitimate Concern ◽  
Speed Up ◽  
Environmentally Sensitive ◽  
Oil And Gas Companies

After an introduction to the oil and gas industry and its structure, Chapter 15 notes how economic pressures have motivated the formation of alliances. It then identifies different types of alliance in the sector, the motives for forming them, and the benefits that are expected to result. Oil and gas alliances involve nationally strategic and environmentally sensitive assets, and this chapter illustrates the political pressures which they can experience as a result. While there is legitimate concern in host countries about the exploitation of national assets by international oil companies, such companies may also face pressures that stem from political opportunism and corruption. The chapter closes by noting how forming alliances with IT providers to speed up digital applications has become an essential strategy for many oil and gas companies.

Prospects for Energy Markets and Investment in Traditional Oil & Gas

2020 ◽  
Vol 1 (2) ◽  
pp. 174-178
Author(s):  
Jon Fitzpatrick ◽  
Andy Hartree
Keyword(s):  
Energy Demand ◽  
Global Economy ◽  
Oil And Gas ◽  
Current Trend ◽  
Oil And Gas Industry ◽  
The Political ◽  
Way Of Life ◽  
Gas Industry ◽  
Behavioural Patterns ◽  
To Come

The oil and gas industry is facing as hostile an environment as it ever has. Already under increasing pressure from a highly vocal environmental lobby, precious sources of capital from all angles were already turning their backs on the industry when COVID-19 struck. The pandemic has provoked a further two-pronged attack on the industry. First, it dealt a huge blow to energy demand, as lock-down grounded economic activity, before driving what are likely to become long-term changes to our behavioural patterns with material consequences on global energy demand. Secondly, and perhaps more worryingly, the COVID-19 experience has given the impression that we can already live without the industry, encouraging the anti-industry lobby yet further. However, we cannot escape the fact that we are set to rely fundamentally on the oil and gas industry for decades to come. The challenge for the industry is in part to react to the reality of the political environment, evolving the way it operates to show it can deliver the necessary ESG-focused goals, but also to demonstrate that the industry remains a fundamental part of our global economy – our way of life: we need the industry, and the industry needs investment. COVID-19 did not start the debate, but has been a massive catalyst in raising the awareness of the issues. Through its direct impact on the economics for the industry, as well as helping increase the political pressure on it, the pandemic has increased the threat the industry faces in trying to fund itself sustainably. While many traditional investors count themselves out, the opportunity is opening up for those who recognise the importance of the industry and are prepared to buck the current trend.

scholarly journals Foreign Investment Review Act

1975 ◽  
Vol 13 (1) ◽  
pp. 83
Author(s):  
William H. Bonney
Keyword(s):  
Federal Government ◽  
Foreign Investment ◽  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Business Community ◽  
Gas Industry ◽  
Important Impact

The Foreign Investment Review Act is complex piece of legislation which will have an important impact on the Canadian business community. The Act provides the federal government with authority to review and approve or reject investments by "non-eligible persons" to acquire control of existing Canadian businesses, to create new businesses, and to expand existing businesses in Canada. The author briefly discusses the purpose of the Act and the reviewing mechanism. He then provides an analysis of some of the possible effects of the Act on the Canadian oil and gas industry.

Deployment of Digital NDT Solutions in the Oil and Gas Industry

2020 ◽  
Vol 78 (7) ◽  
pp. 861-868
Author(s):  
Casper Wassink ◽  
Marc Grenier ◽  
Oliver Roy ◽  
Neil Pearson
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Gas Industry

What Does Rent Give to Federal Budget (on the Russia's Budget Dependence upon "Oil Dollars")

2004 ◽  
pp. 51-69 ◽  
Author(s):  
E. Sharipova ◽  
I. Tcherkashin
Keyword(s):  
Oil And Gas ◽  
Strong Dependence ◽  
Oil Prices ◽  
Federal Budget ◽  
Oil And Gas Industry ◽  
Gas Industry ◽  
Resource Rent ◽  
Tax Legislation ◽  
Russian Economy ◽  
The Government

Federal tax revenues from the main sectors of the Russian economy after the 1998 crisis are examined in the article. Authors present the structure of revenues from these sectors by main taxes for 1999-2003 and prospects for 2004. Emphasis is given to an increasing dependence of budget on revenues from oil and gas industries. The share of proceeds from these sectors has reached 1/3 of total federal revenues. To explain this fact world oil prices dynamics and changes in tax legislation in Russia are considered. Empirical results show strong dependence of budget revenues on oil prices. The analysis of changes in tax legislation in oil and gas industry shows that the government has managed to redistribute resource rent in favor of the state.

Consideration of Geopolitical Challenges within the Analysis of Geoenvironmental Risks for Oil and Gas Development of the Russian Arctic

2019 ◽  
Vol 16 (6) ◽  
pp. 50-59
Author(s):  
O. P. Trubitsina ◽  
V. N. Bashkin
Keyword(s):  
Oil And Gas ◽  
Oil And Gas Industry ◽  
Optimal Operation ◽  
The Arctic ◽  
Stage Model ◽  
Oil And Gas Development ◽  
Gas Industry ◽  
The Impact ◽  
Further Development ◽  
Geopolitical Risks

The article is devoted to the consideration of geopolitical challenges for the analysis of geoenvironmental risks (GERs) in the hydrocarbon development of the Arctic territory. Geopolitical risks (GPRs), like GERs, can be transformed into opposite external environment factors of oil and gas industry facilities in the form of additional opportunities or threats, which the authors identify in detail for each type of risk. This is necessary for further development of methodological base of expert methods for GER management in the context of the implementational proposed two-stage model of the GER analysis taking to account GPR for the improvement of effectiveness making decisions to ensure optimal operation of the facility oil and gas industry and minimize the impact on the environment in the geopolitical conditions of the Arctic.The authors declare no conflict of interest

Sign in / Sign up

Export Citation Format

Share Document