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Podcast

• An Update from BP - Driving Local Content in Trinidad & Tobago
  Curtis Mohammed, Director of Developments at bpTT, joins Oil and Gas IQ to discuss BP's key achievements with Local Content in Trinidad and Tobago. The interview looks at why Local Content is important to BP and explores how the company has contributed to local supplier development in the region, as well as outlining bpTT's major priorities for Local Content, going forwards into 2011. Curtis Mohammed will be representing BP on the Local Content Leaders Panel at the 2010 Global Local Content Summit, and this interview gives a snapshot of the key learning points he will be offering.
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  An Update from BP - Driving Local Content in Trinidad & Tobago

Presentations

• PROMINP - The Brazilian Experience in Local Content Policy for Oil and Gas
  Jose Renato, Petrobas
• Global innovation in Energy & Training for Development GET & Develop
  Olivier Brenninkmeijer, - CRES - UNITAR - ILO Global innovation in Energy, Training & Development (GET&Develop)
• Local content and skills shortages in the global oil and gas industry
  Peter Peek, Centre de Recherches des Entreprises et Sociétés (CRES)

Articles

• Making the benefits of local content universal
  The global stature of the oil and gas sector may offer major benefits to multinational companies operating in a range of territories, but efforts are regularly being made to ensure that the local communities that such organisations work in also reap some reward...
• Oil and gas industry adjusts to ride out economic storm
  Rocked by the global economic crisis, the oil and gas sector faced widespread price volatility in 2009 after five years of profits rising to unprecedented heights. Stung by huge losses, investors were becoming highly selective of which companies to back – impacting particularly on oil and gas juniors, with limited track records and involvement in high-risk new projects.
• Nigeria looks to a local content future
  Few industries have the same truly global impact that the oil and gas sector has, with massive multinational corporations often dominating the market. However, this can mean that the countries where reserves are based lose out in business terms, as large firms bring in specialist workers from further afield to get their operations up and running. However, some countries have started to fight back through the concept of local content…
• Looking to the future of local content in Nigeria
  Despite the huge financial scope of the oil and gas industry, the sector has a strong focus on ensuring that companies are keen to show the right level of responsibility towards the regions in which they work across the globe.
  One of the most notable aspects of efforts to comply with international and domestic standards is the use of local content deals, which provide operators with an ideal opportunity to prove their capability at working with local communities…
• Norway - A local content success story
• Electricity Storage Increasing Concern As Renewables Use Rises

White Papers

• IMF Working Paper: Management of Oil Wealth Under the Permanent Income Hypothesis: The Case of São Tomé and Príncipe by Alonso Segura
  This paper documents the protracted process of shaping the rules governing oil operations in São Tomé and Príncipe. It analyzes the institutional framework for oil sector development, which applies Milton Friedman’s permanent income hypothesis to the management of oil resources. São Tomé and Príncipe is the first country in Africa to adopt this rule. Finally, the paper offers a preliminary quantitative analysis of the impact of oil sector development on government consumption and savings. It shows that the country's oil wealth could be significant, which would enable sustainable government consumption and intergenerational equity through a gradual buildup of the Permanent Fund for Future Generations.
• IMF Working Paper: Inter-sectoral Linkages and Local Content in Extractive Industries and Beyond– The Case of São Tomé and Príncipe by Ulrich Klueh, Gonzalo Pastor, Alonso Segura, and Walter Zarate This paper attempts to offer specific inputs to the debate on local content promotion in the oil industry, using the specific case of São Tomé and Príncipe as point of reference. Our approach emphasizes inter-sectoral linkages and institutional pre-conditions for local content promotion. Based on an Input-Output description of the economy, we quantify the consistency between the prospective oil sector development and the growth of other sectors of the economy. We also assess a number of sectoral policies and “niche” activities within the oil industry that would maximize the local benefits from oil exploration.