The book discusses recent theoretical, practical, and policy issues in the economics and finance of the Oil and Gas industry in emerging markets and developing economies.
Energy is a key resource for transformational development globally. Oil and gas continue to play a key role in this sector irrespective of the gradual transition towards renewables and will continue to do so in most developing and emerging economies in the near future. The industry is complex and highly capital intensive not only with significant risk, but also with significant benefits. Such a complex but important sector is generally not well understood both in academic and policy circles.
This book fills this void by serving as a comprehensive reference to the oil and gas sector, with a focus on emerging markets and developing economies (EMDEs). It offers in-depth coverage of the critical and contemporary issues in the economics of the oil and gas industry by carefully integrating the relevant theoretical underpinnings and practical policy issues across the value chain of the industry in relation to the development, fiscal arrangements, and the economic and financing aspects of the industry. These insights will significantly deepen the understanding of the industry and extend knowledge of the sector in ways that existing books do not.
The book includes relevant cases and, thus, will serve as a valuable resource for students taking courses in market analysis of the oil and gas industry, energy economics, development economics and finance, environmental and resource economics, the political economy of the extractive industry, and development studies. Researchers and practitioners working in these areas will also find the book to be a useful reference guide.
Part I: Overview of the Oil and Gas Industry
1. Introduction to the
Economics of the Global Oil and Gas Industry in Emerging and Developing
EconomiesPart II: Oil and Gas Development and Fiscal Arrangement
2. The Oil
and Gas Industry in Emerging and Developing Economies
3. Oil and Gas
Exploration, Development and Production in Emerging Markets and Developing
Economies
4. Legal, Regulatory and Fiscal Arrangement in the Oil and Gas
Industry in Emerging and Developing Countries
5. Oil and Gas Energy Security
PartIII: Oil and Gas Economics and Finance
6. The Economics of Oil and Gas
Resources
7. Economics of Downstream Oil & Gas Project, Risk & Decision
Analysis
8. The Market for Crude Oil
9. Financing of Oil and Gas Companies in
Emerging and Developing Economies
10. Project Finance for the Oil and Gas
Industry in Emerging and Developing Economies
11. Investment Appraisals for
Oil and Gas Projects
12. Financial Analysis and Performance of Oil and Gas
Firms
13. Financial Planning and Forecasting in the Oil and Gas Industry
14.
Oil and Gas Valuation
15. Mergers and Acquisitions in the Oil and Gas Sector
16. Enterprise Risk Management in the Oil and Gas Industry: Evidence from a
Developing Market
17. Derivative Markets for Oil and Gas Transactions
18.
Petroleum Wealth Management in Emerging and Developing Countries
19. Oil
Revenues, Finance and Economic Development
20. The Political Economy of the
Oil and Gas Sector in Emerging and Developing Countries
Joshua Yindenaba Abor is Financial Economist, Professor of Finance, and former Dean of the University of Ghana Business School. He is External Fellow at the Centre for Global Finance, SOAS University of London, UK, and Adjunct Professor of Development Finance at the University of Stellenbosch Business School, South Africa.
Amin Karimu is Associate Professor in Economics at the School of Economics, University of Cape Town, South Africa, and Visiting Scholar at the Centre for Environmental and Resource Economics at Umeå University, Sweden.
Runar Brännlund is Professor of Economics at the School of Business, Economics and Statistics, and former Director of the Center for Environmental and Resource Economics (CERE), Umeå University, Sweden.
