Blogs

You don’t know what you’ve got until its modeled

on November 5, 2014 · Leave a Comment 

More contract disclosure will not necessarily result in greater understanding of the economic implications of fiscal terms. The terms only become meaningful when their interactions are understood alongside relevant national tax laws and regulations. So to make real sense of the economic implications, the fiscal terms must be considered under varying scenarios of production, price more »


Mapping BP (3): Building a global network one affiliate at a time

on July 23, 2014 · Leave a Comment 

The decision to try and map BP’s global network was based on the fact that the company makes many public filings. We didn’t really appreciate quite how many until we had finished. In the UK jurisdiction alone, the BP network we constructed shows 182 affiliate companies. Of these, the 26 which were second tier companies more »


Indigenous oil companies in Nigeria: business is good, but is governance lacking?

on June 12, 2014 · Leave a Comment 

Sixty years after Shell and BP first struck oil in the Niger Delta, multinational companies still produce more petroleum than local Nigerian companies do. But the long, fitful process of indigenizing the industry – a national priority since the 1970s – has finally, unmistakably, taken hold. In Port Harcourt, the steamy Delta oil hub, I saw more »


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