Et profilbilde

Professor
Osmundsen, Petter { "honorific-suffix": "Professor", "fn": "Osmundsen, Petter", "tel": "Telephone: +47 5183 1568", "email": "petter.osmundsen@uis.no" }

Faculty Faculty of Science and Technology
Department Department of Industrial Economics, Risk Management and Planning
Room KE D-431
Web www.uis.no/osmundsen

Courses taught

Research areas

Petroleum economics

Contract strategy

Tax analysis

Decision analysis

Market analysis

Regulation theory

Selected publications

Taxation of multinational companies

Olsen, T. og P. Osmundsen (2011), "Multinationals, tax competition and outside options", Journal of Public Economics 95, 1579-1588.

Olsen, T. og P. Osmundsen (2003), "Spillovers and International Competition for Investments", Journal of International Economics 59, 211-238.

Olsen, T. and P. Osmundsen (2001), "Strategic Tax Competition; Implications of National Ownership", Journal of Public Economics, 81(2), 253-277.

Osmundsen, P., K.P. Hagen, og G. Schjelderup (1998), "Internationally Mobile Firms and Tax Policy", Journal of International Economics 45, 1, 97-113.

Gresik, T.A. and P. Osmundsen (2008), ?Transfer Pricing in Vertically Integrated Industries?, International Tax and Public Finance, 15, 3, 231?255.

 

Management theory and corporate finance

Osmundsen, P., K.H. Roll and R. Tveterås (2012), "Drilling speed - the relevance of experience", Energy Economics 34, 786-794. .

Mohn, K. og P. Osmundsen (2011), ?Asymmetry and uncertainty in capital formation: an application to oil investment?, Applied Economics, Volume 43, Issue 28, November 2011, pages 4387-4401.    

Emhjellen, M. og P. Osmundsen (2011), "Separate Cash Flow Valuation -Application to Investment Decisions and Tax Design",
International Journal of Global Energy Issues 2011 - Vol. 35, No.1  pp. 43 - 63.

Osmundsen, P. (2010), ?Chasing Reserves ? Incentives and Ownership?,  in Bjørndal E., Bjørndal, M., Pardalos, P.M., and M. Rönnqvist, eds. (2010), Energy, Natural Resource and Environmental Economics, Springer-Verlag Berlin Heidelberg, ISSN 1867-8998; ISBN 978-3-642-12066-4, pages 19-39.

Emhjellen, M, Løvås, K. and P. Osmundsen (2010), ?Project valuation with Financial Leasing Contracts?, International Journal of Global Energy Issues, 33, Nos. 3/4, 139-153.

Olsen, T. og P. Osmundsen (2005), "Sharing of Endogenous Risk in Offshore Construction", Journal of Economic Behavior and Organization 58, 4, 511-526.

Mohn, K. og P. Osmundsen (2008), ?Exploration economics in a regulated petroleum province: The case of the Norwegian Continental Shelf?, Energy Economics, 30,2,303-320.

Osmundsen (2002), "Learning-by-Doing: Consequences for Incentive Design", Information Economics and Policy 14, 39-49.

 

Taxation and regulation of the petroleum industry

Osmundsen, P. (2010), ?Time Consistency in Petroleum Taxation ? Lessons from Norway?, in Daniel, P., Keen, M. and C. McPherson, eds., (2010), The Taxation of Petroleum and Minerals: Principles, Problems and Practice, Routledge; The International Monetary Fund, April, 2010, ISBN: 978-0-41578-138-1; pg. 425-444.

Glomsrød, S. and P. Osmundsen (2005), eds., Petroleum Industry Regulation within Stable States. Recent Economic Analysis of Incentives in Petroleum Production and Wealth Management, Ashgate Studies in Environmental and Natural Resource Economics, Ashgate Publishers. ISBN: 0754642526.

Osmundsen, P. (2002), "Regulation of Common Property Resources under Private Information about Stock Externalities", Resource and Energy Economics 24, 349-366.          

Osmundsen, P. (1998), "Dynamic taxation of nonrenewable natural  resources under asymmetric information about reserves", Canadian Journal of Economics, 31,4, 933-951.        

Osmundsen, P. (1996), "Repeated auctions of franchises for nonrenewable resources", Journal of Regulatory Economics, 10, 183-189.                            

 

Energy market analyses

 

Asche, F., Oglend, A. and P. Osmundsen, ?Gas versus oil prices. The impact of shale gas?, Energy Policy 47, august 2012, 117-124.

Dahl, R.E, Oglend, A., Osmundsen, P. and M. Sikveland (2012), ?Are oil and natural gas going separate ways in the UK? Cointegration tests with Structural shifts ?, Journal of Energy Markets 5, 2, 33-58.

Aune, F.R, Mohn, K., Osmundsen P., and K. E. Rosendahl, ?Financial Market Pressure, Tacit Collusion, and Oil Price Formation?, 2010, Energy Economics 32, 389?398.

Asche, F., Osmundsen, P., ­og M. Sandsmark (2006), ?UK markets for natural gas, oil and electricity ? are they decoupled??, Energy Journal 27, No. 2, 27-40.  

Asche, F., Osmundsen, P., og R. Tveterås (2002),?European Market Integration for Gas?  -Volume Flexibility and Political Risk?, Energy Economics 24, 249-265.

 

Valuation

Osmundsen, P. and M. Emhjellen (2012), ?Decision criteria for climate projects?, SPE Economics and Management, Volume 4, Number 1, January 2012, pp. 13-23.

Emhjellen, M, Løvås, K. and P. Osmundsen (2010), ?Project valuation with Financial Leasing Contracts?, International Journal of Global Energy Issues 33, Nos. 3/4, 139-153.


Osmundsen, P. og M. Emhjellen (2010), ?CCS from a gas-fired power station? A commercial analysis?, Energy Policy 38 (2010) 7818?7826.

Misund. B, F. Asche, and P. Osmundsen (2008), ?Industry Upheaval and Valuation: Empirical Evidence from the International Oil and Gas Industry?, The International Journal of Accounting 43, 4, 398-424.

Osmundsen, P., Asche, F., B. Misund, and K. Mohn (2006), ?Valuation of International Oil Companies ?, Energy Journal, 27, 3, 49-64.

 

 

Petroleum technology

 

Osmundsen, P. (2012), "Choice of Development Concept ? Platform or Subsea Solution? Implications for the Recovery Factor?, forthcoming in Oil & Gas Facilities (SPE).

Osmundsen, P., T. Sørenes, and A. Toft (2010), ?Offshore Oil Service Contracts - New Incentive Schemes to Promote Drilling Efficiency?, Journal of Petroleum Science and Engineering 72, 220-228.

Osmundsen, P., Roll, K., and R. Tveterås (2010), ?Exploration Drilling Productivity at the Norwegian Shelf?, Journal of Petroleum Science and Engineering, 73, 122-128.

Osmundsen, P., Aven, T. and A. Tomasgard (2010), ?On Incentives for Assurance of Petroleum Supply?, Reliability Engineering & System Safety, February 2010, Pages 143-148.

Osmundsen, P. (2009), ?Incentives for Drilling Contractors?, Exploration & Production, Oil & Gas Review 7, 1, 73-75.

 

Osmundsen, P., Aven, T. and J.E. Vinnem (2008), ?Safety, Economic Incentives and Insurance?, Reliability Engineering & System Safety 93, 1, 137-143.

 

Current research

Work experience

Professor of petroleum economics, University of Stavanger, from 2002

Adjunct position:  Professor, Norwegian School of Economics (NHH), Department of business and management science, 2010 -2012

1998  Assistant professor, University of Stavanger

1997  Assistant professor, NHH, Department of economics

1994  Researcher, Institute for Research in Economics and Business Administration (SNF / NHH)

1994 PhD dissertation, NHH,

Department of economics

1992-1993  Researcher, Massachusetts Institute

of Technology (MIT), Department of Economics

1989 Msc, NHH