... oil company under stated contract terms; however, when fiscal risk is taken into account, this value can be substantially lower. The royalty and production-sharing contracts are quite unstable because a large fraction of the initial value accruing to oil companies under stated contract terms comes...

.... The size of the flows has become larger since 1978 as a result of the increased uncertainty about the security of supply (1979-81), the decline in demand (1982-1985), and changes in the relations between exporting country governments and oil companies. In the strategic sphere, the increase in government...

... Introduction This paper will discuss some of the developments that led to the surge in mergers, acquisitions, and restructurings that began a few years ago. It will conclude that forces affecting oil companies made some companies, more valuable to others than standing alone. Mergers were...

... and dollars that the oil companies as a whole combined and run the gamut from mud and service companies through drilling contractors and oil country tubular producers. The approach here will be to develop a framework of the industry restructuring which by necessity will be highlighted by merger-mania...