Although host governments and investors may share one common objective—the desire for projects to generate high levels of revenue—their other goals are not entirely aligned. Host governments aim to ma
National Oil Companies (NOCs) directly or indirectly control the majority of oil and gas reserves. As such, they are of great consequence to their country’s economy, to importing countries’ energy sec
A number of countries have recently discovered and are developing oil and gas reserves. Policy makers in such countries are anxious to obtain the greatest benefits for their economies from the extract
Many governments rely on oil companies to efficiently exploit natural resources. Governments have the challenging task of deciding which companies should be awarded exclusive rights to explore, develo
