This paper reports the results of a study of three successive IT outsourcing contracts at British Petroleum (BP). We offer an operational definition of IT outsourcing risk and use it to assess the risk exposure associated with each contract. We then examine how the management at BP dealt with outsourcing risk. Our results show that careful and deliberate risk management can substantially attenu...

Recently, we have seen falling oil prices combined with sticky costs at a high level in the petroleum industry. This cause cost cuts and project postponements, thus challenging reserve replacement of oil companies and security of supply for consumers. Costs are particularly high for drilling. High rig rates are obviously important. In new contracts for high-spec semi rigs on the Norwegian Conti...

Purpose This study aims to investigate why anti-corruption statutes are not efficient in Nigeria’s upstream petroleum industry. Design/methodology/approach is a doctrinal legal research that embraces point-by-point comparative methodology with library technique. Findings reveals corruption strives on feeble implementation of regime and the absence political will offering regulatory intervention...

International investment contracts usually involve stabilization clauses that are prevalently used in infrastructure, telecommunication, and energy sectors, especially the oil gas extraction industries. In petroleum industry, foreign investors providing advanced technology substantial financial capital for development often face political risks developing countries such as expropriation of pipe...

decommissioning of petroleum installations and platforms is a process to be decided by the parties on how to move or dismantle the installations and platforms that have reached to the end of their lives. although this is a relatively new topic, it has attracted much attention at the international level especially since 1990. a major concern for governments and industries since that time has bee...

nowadays, belief in the criteria and conditions of interactions with an organization to promote customer relationships is somehow tied to the organizational performance, and its final goal is of great importance. in the literature on organizational behavior, this belief is defined as the “psychological contract”. the intention of this mixed research is to identify and discover the contents of p...