The average size of new oil discoveries on the Norwegian Continental Shelf (NCS) is
steadily decreasing. As standalone developments are often not economically viable for …

Motivated by the real‐world challenges of real options evaluation faced by many companies
when commodity prices exhibit dramatic volatility and project values can become negative …

The ability to forecast energy prices in the long-term is important for a wide range of reasons,
from the formulation of countries' energy and transportation policies to the defensive …

Rapid conversion of private land for agricultural and urban use has raised concern
worldwide over the loss of ecological services. To inform conservation policy, we model …

The turning points in international oil price are the most significant and sudden corrections in
prices in the world market. Accurate prediction of turning points can help governments and …

In this paper, we propose a new framework for modeling commodity forward curves. The
proposed model describes the dynamics of fundamental driving factors simultaneously …

Our study contributes to the limited literature on real options valuation of Africa's oil
investments. We establish binomial lattices to assess the value of the option to defer crude …

Many oil fields have gas caps or associated gas. The common approach for these fields is to
continue to produce oil, whilst re-injecting any gas produced, for as long as it is profitable …

Hydrocarbons combustion is one of the primary sources of greenhouse gas emissions,
causing climate change. As large volumes of gas are burned to power the energy …

Abstract There are approximately 200,000 single-family houses heated with oil in Finland
and the substitution of oil heating embodies significant carbon dioxide emission reduction …