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The oil and gas industry is a complex sector with significant reach
in terms of providing the energy needs of the global economy and
the security, environmental and development consequences thereof.
In particular, the sector is extremely important for the economic
growth of emerging markets and developing countries. Furthermore,
the life span of oil and gas resources is finite, with high health
and safety risks and substantial environmental costs that require
careful management and sustainability practices to ensure optimal
extraction and utilisation of these resources. This book examines
the challenges and opportunities in the oil and gas industry, in
the context of emerging markets and developing economies. It
provides comprehensive coverage of the management and
sustainability practices of the sector, the environmental impact
and sustainability of resources as well as the businesses that
operate in the sector across the entire value chain. It addresses
the current discourse on topics such as the Sustainable Development
Goals, the Green Economy, the Paris Agreement and Glasgow Climate
Pact and concludes with a chapter on the future of the oil and gas
industry. The discussions around energy and energy transitions in
particular continue to gain momentum and the book provides a
wide-reaching and up-to-date overview of the industry. The book
introduces readers to the concepts and formal models of analysis in
the oil and gas sector and will serve as a useful resource for
students, scholars and researchers in operations, marketing,
procurement and supply chain management, project management, health
and safety management, environmental economics, natural resource
economics, development finance, and development studies.
Researchers and practitioners working in these areas will also find
the book a useful reference material.
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 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 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 the 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.
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