National Oil Companies (NOC) and International Oil Companies (IOC)

Order Description ‘International Oil Companies, (IOC), are responsible for the acquisitions of reserves overseas while National Oil Companies, (NOC), are generally responsible for domestic production. How can IOCs balance the challenges of growing business on NOCs’ home turf while competing with them internationally in an increasingly competitive landscape’? You are required to critically evaluate and examine the relevant literature to explore the above statement keeping the following key factors in mind: 1. The objectives and functions of commercial relationships between companies and organisations in the upstream oil and gas supply chain 2. The significance of marketing and marketing issues to upstream oil and gas organisations 3. The broad principles and practical implementation of petroleum taxation regimes in various regions of the world. 4. Energy sector strategic responses to key global challenges and issues, and governmental initiatives (e.g. EU and UK emission trading schemes, environmental management systems, industrial symbiosis networks, cleaner technology, and renewables). 5. Contractual clauses in the main contracts in the oil and gas industry