Abstract Introduction Background The nature of the environment in which a business operates determines how it engages other players in the sector. This, therefore, determines the types of contracts that businesses get into. The oil and gas industry relies on contracts to carry out its activities just like other business entities do. The oil and gas industry mainly engages production sharing contracts, driven by the […]

Both U.S. Dollar exchange rate and the oil monetary value are foremost variables which coerce the patterned advance of the universe economic system. Fluctuations in these variables deeply affect international trade and economic activities in all the states. Determination of the nexus between these cardinal variables is one of the critical issues, whether they are correlated or non. Is at that place any empirical grounds […]

Energy has been the main concern of nations looking for progress and development throughout history, oil has always been one such means of energy that is capable of sustaining the large scale development projects many nations have undertaken, the utility generated by oil cannot be substituted with the same efficiency by any other energy generation means, oil today is used in transportation, manufacturing, infrastructure development, […]