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Gas, Oil and the Irish StateUnderstanding the Dynamics and Conflicts of Hydrocarbon Management$
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Amanda Slevin

Print publication date: 2015

Print ISBN-13: 9781784992743

Published to Manchester Scholarship Online: January 2017

DOI: 10.7228/manchester/9781784992743.001.0001

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PRINTED FROM MANCHESTER SCHOLARSHIP ONLINE (www.manchester.universitypressscholarship.com). (c) Copyright Manchester University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in MSO for personal use.date: 17 June 2021

Global trends in state resource management

Global trends in state resource management

Chapter:
(p.99) 6 Global trends in state resource management
Source:
Gas, Oil and the Irish State
Author(s):

Amanda Slevin

Publisher:
Manchester University Press
DOI:10.7228/manchester/9781784992743.003.0006

Taking a global perspective, this chapter examines the origins of legal systems to facilitate hydrocarbon exploitation and the growth of the petroleum industry. Identifying four main approaches to state resource management, the emergence of these regimes is situated within wider socio-economic contexts which illustrates connections between a state's approach and shifts in political economy nationally and and internationally. In doing so, the influence of processes such as imperialism, Keynesianism and neoliberalism on state resource management becomes apparent. The chapter considers power struggles between states and oil companies and discusses the formation of the Organisation for Petroleum Exporting Countries and member states' efforts to assert ‘permanent sovereignty’ over hydrocarbon resources. Deliberating the wave of nationalisations and increases in national oil companies which occurred during the 1970s, the ideas underpinning these developments are scrutinised alongside the ‘neoliberal counter-wave’ (Ryggvik, 2010) which occurred in the 1980s. Signifying a rollback in state participation in hydrocarbon exploitation globally amidst associated ideologies, changes in the latter decade have been overturned in recent years through a growth in national oil companies and moves by states towards asserting stronger control over hydrocarbons, thus illustrating some of the dynamics and conflicts of state resource management.

Keywords:   Concessions, Production sharing contracts, Service agreements, Licensing systems, Power struggles between states and companies OPEC, Nationalisation National oil companies, Keynesianism, Neoliberalism

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