How Governments Manage Their Offshore Petroleum Resources
Chapter 4: The companies
This chapter first classifies the companies involved in offshore petroleum by dividing them between international oil companies from the super majors down and national oil companies. It then looks at the challenges they are facing, including climate change, the ‘Grand Transition’ from fossil fuels to alternative energy and growing social responsibility, reflecting on scenarios prepared by those companies and organisations like the World Energy Council and the International Energy Agency. It examines the published strategies of the eight largest IOCs to see how they plan to deal with those challenges and how they report on sustainability and corporate social responsibility. It considers how the use of unincorporated joint ventures can affect resource management.
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