Overseas equity oil development for augmenting energy security: Study of the critical factors in Indian context

Journal title ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT
Author/s Dulal Halder, Anshuman Gupta
Publishing Year 2020 Issue 2019/2 Language English
Pages 23 P. 75-97 File size 243 KB
DOI 10.3280/EFE2019-002004
DOI is like a bar code for intellectual property: to have more infomation click here

Below, you can see the article first page

If you want to buy this article in PDF format, you can do it, following the instructions to buy download credits

Article preview

FrancoAngeli is member of Publishers International Linking Association, Inc (PILA), a not-for-profit association which run the CrossRef service enabling links to and from online scholarly content.

This study explores the issues of equity oil development strategy for augmenting energy security and attempts to analyse the factors influencing cross border equity oil development. India’s multi-pronged energy policy strategies comprise enhancing domestic exploration, supply diversification, demand side management, and securing long term fossil fuel supplies through overseas equity oil development. Any one of the strategies shall not work in isolation and therefore the component of equity oil development assumes significance to India’s energy security ecosystem. This paper employs a quantitative approach taking into account the output of literature review and questionnaire survey to analyse the determinants influencing equity oil development from theoretical and practical perspectives. The study concludes that equity oil development in the Indian energy security context are influenced by long term stable policy, concessional state funding, resource pooling, decentralisation, and knowledge and technology transfer. The findings in this paper and analysis would assist policy makers to understand the key determinants for geo-strategic planning for securing energy resources in the long term towards augmenting energy security of India.

Keywords: Energy security, equity oil, factor analysis, energy policy

Jel codes: C83, E22, Q37

  1. Alam A., Khan S., Zafar F. (2014). Strategic management: Managing Mergers and Acquisition. International Journal of BRIC Business Research, 3(1).
  2. Al-Emadi T. (2010). A Literature Review of JVCs Development, Concept and Elements. Oxford University Faculty of Law.
  3. Beccue P. C., Huntington H. G., Leiby P. N., Vincent K. R. (2018). An updated assessment of oil market disruption risks. Energy Policy, 115: 456-469.
  4. Bhattacharya K., Bhattacharya I. (2001). Impact of Increase in Oil Prices on Inflation and Output in India. Economic and Political Weekly, 36(51): 4735-4741.
  5. Brown S. P. A., Huntington H. G. (2018, May). Oil Supply Disruptions, U.S. Economic Activity and Oil Security, Energy Policy, 116: 297-298.
  6. Buckley P. J. et al. (2014). Foreign Acquisitions by Indian firms. Costa-Campi M. T., Jamasb T., Trujillo-Baute E. (2018). Economic analysis of recent energy challenges: Technologies, markets, and policies. Energy Policy, 118: 584-587.
  7. Cronbach L. J., Meehl P. E. (1955). Construct Validity in Psychological Tests. Psychological Bulletin, 52(4): 281-302.
  8. Fengyan F., Yalin L. (2017, October). Factor analysis of energy-related carbon emissions: A case study of Beijing. Journal of Cleaner Production, 163, Supplement: S277-S283.
  9. Habing B. (2003). Exploratory Factor Analysis. -- http://www.stat.sc.edu/~habing/courses/530EFA.pdf.
  10. Hair J. F. et al. (2009). Multivariate data analysis: A global perspective.
  11. Huntington H. G. (2018). Measuring oil supply disruptions: A historical perspective, Energy Policy, 115 (April): 426-433.
  12. Hutcheson G., Sofroniou N. (1999). The Multivariate Social Scientist: Introductory Statistics Using Generalized Linear Models. Thousand Oaks, CA: Sage Publication.
  13. Jie Z., Shiqin G. (2015). China’s Food Security Evaluation Based on Factor Analysis. American Journal of Industrial and Business Management, 5(6) (June).
  14. Kaiser H. F. (1974). An index of factorial simplicity. Psychometrika, 39(1): 31-36.
  15. Krane K. J., Medlock K. B. (March 2018). Geopolitical dimensions of US oil security. Energy Policy, 114 (March): 558-565.
  16. Malhotra N. K., Dash S. (2011). Marketing Research an Applied Orientation. London: Pearson Publishing.
  17. Meidan M. (2016). China’s loans for oil: asset or liability. Oxford Institute for Energy Studies.
  18. Samuelson C. D., Biek M. (1991). Attitudes towards Energy Conservation: A Confirmatory Factor Analysis. Wiley Online Library, 21(7): 549-568.
  19. Sharma S. (1996). Applied Multivariate Techniques. Hoboken, NJ: John Wiley & Sons.
  20. Stevens J. P. (2012). Applied multivariate statistics for the social sciences. London: Routledge.
  21. Stronski P., Nicole N.G. (2018). Cooperation and Competition: Russia and China in Central Asia, the Russian Far East, and the Arctic. Carnegie Endowment for International Peace.
  22. Tavakol M., Dennick R. (2011). Making sense of Cronbach’s alpha. International Journal of Medical Education, 2: 53-55.
  23. van der Hoeven M. (2013). Strategizing for Energy Policy: China’s Drive to Reduce Dependence. Harvard International Review, 35(1): 11-13.
  24. Yergin D. (2006). Ensuring Energy Security. Foreign Affairs, 85(2): 69-82. Council on Foreign Relations. DOI: 10.2307/20031912

Dulal Halder, Anshuman Gupta, Overseas equity oil development for augmenting energy security: Study of the critical factors in Indian context in "ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT" 2/2019, pp 75-97, DOI: 10.3280/EFE2019-002004