• The choice of strategic core : impact of financial volum 

      Emhjellen, Magne; Hausken, Kjell; Osmundsen, Petter (Working Paper, Working paper, 2001-10)
      Recent trends among major oil companies and independents have been consolidation through mergers and acquisitions and focus on key strategic core areas. The expressed goals have been to achieve synergy, reduce costs, and ...
    • Cost overruns and cost estimation in the North Sea 

      Emhjellen, Magne; Emhjellen, Kjetil; Osmundsen, Petter (Working Paper, Working paper, 2001-10)
      Recently, a Norwegian government report on the cost overruns of projects in the North Sea was presented (NOU 1999:11). It concluded that there was a 25% increase in development costs from project sanction (POD, Plan for ...
    • Critical factors in transnational oil companies localisation decisions : clusters and portfolio optimisation 

      Kind, Hans Jarle; Osmundsen, Petter; Tveterås, Ragnar (Working Paper, Working paper, 2001-10)
      Enhanced understanding of the factors determining transnational companies’ localisation decisions is important for regulators and other stakeholders concerned about maintaining current activity levels in a petroleum producing ...
    • High oil prices : a non-OPEC capacity game 

      Osmundsen, Petter; Asche, Frank; Misund, Bård; Mohn, Klaus (Working paper, Working paper, 2005-08)
      The current high oil price is partly due to low investments in the oil industry the last decade. According to economic theory, exploration and development of new oil and gas fields should respond positively to increasing ...
    • Optimal petroleum taxation subject to mobility and information constraints 

      Osmundsen, Petter (Working Paper, Working paper, 2001-10)
      Two recent noticeable international developments in the petroleum industry have been mergers and acquisitions, and the opening of new oil producing provinces for transnational oil companies. Both factors contribute to ...
    • Styring etter finansielle indikatorer : er oljeselskapene kortsiktige? 

      Osmundsen, Petter; Sørenes, Terje; Lindbäck, Morten E.; Wigestrand, Arnstein O. (Arbeidsnotat, Working paper, 2002-06)
      Med oljeselskaper som case, beskrives noen av verdsettingsmetodene som brukes av analytikere og investeringsbanker. De finansielle indikatorene markedet benytter danner en insentivstruktur for ledelsen i selskapene. I ...
    • Størrelse og lønnsomhet i den internasjonale olje- og gassindustrien 

      Osmundsen, Petter; Mohn, Klaus; Emhjellen, Magne; Helgeland, Flemming (Arbeidsnotat, Working paper, 2002-06)
      I flere bransjer har vi sett en serie av fusjoner og oppkjøp. I den internasjonale olje- og gassindustrien har denne aktiviteten gitt oss nye selskaper som ExxonMobil og TotalFinaElf, BP og Amoco er smeltet sammen og la ...
    • Tax shifting in long-term gas sales contracts 

      Asche, Frank; Osmundsen, Petter; Tveterås, Ragnar (Working paper, Working paper, 2002-01)
      Producers or consumers faced with an increase in taxes are usually able to shift parts of it to other levels in the value chain. We examine who are actually bearing the burden of increased taxes on natural gas in the EU-area ...
    • Transnational energy companies’ investment allocation decisions 

      Osmundsen, Petter; Emhjellen, Magne; Halleraker, Morten (Working Paper, Working paper, 2001-10)
      When making international capital budgeting decisions, energy companies are often faced with capital and organisational constraints. The constraints may be real or management imposed. In addition, when entering into a new ...
    • Valuation of international oil companies : the RoACE era 

      Osmundsen, Petter; Asche, Frank; Mohn, Klaus (Working Paper, Working paper, 2004-06)
      To improve their basis for investment recommendations and decisions, stock market analysts and investors make extensive use of operational and financial indicators. For the international oil and gas industry, a predominant ...
    • The value-relevance of accounting figures in the international oil and gas industry : cash flows or accruals? 

      Misund, Bård; Osmundsen, Petter; Asche, Frank (Working paper, Working paper, 2005-08)
      Analysts often rely on a given set of accounting figures for evaluating the financial performance and relative valuation of oil and gas exploration companies. However, the relative importance of these various measures in ...
    • Verdsetting av internasjonale olje- og gasselskaper 

      Osmundsen, Petter; Mohn, Klaus; Espedal, Harald; Løvås, Kjell (Arbeidsnotat, Working paper, 2002-06)
      Børsnotering av Statoil har medført en økende interesse i Norge for verdsetting av oljeselskaper. Artikkelen går gjennom teori for verdsetting av selskaper. Deretter sammenholdes teori med praksis, der verdsetting i stor ...