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Spain: What Everyone Needs to Know
Spain: What Everyone Needs to Know
by William Chislett
Edition: Paperback
Price: £7.69

5.0 out of 5 stars Contextualising what's afoot in Spain, 18 May 2014
Customer review from the Amazon Vine Programme (What's this?)
No one can argue that Spain is among the big beasts of the euro zone, a country boasting high profile companies from banking to oil and gas. However, all is not well with this beast. The financial crisis and subsequent property market crash have taken their toll. At present, the country has one of the highest unemployment rates in the euro zone, rising public debt and low consumer confidence. To understand Spain's current economic malaise, one must contextualise the past - from recent politics to socioeconomics issues, from past histories to recent discontent. Veteran journalist William Chislett's brilliantly concise book on the country helps you do just that.

The author, who had his first brush with Spain in 1970s and has lived there since 1986, begins the narrative by touching on the country's often turbulent history from the seventh century to the Franco years, and recent past either side of the Madrid bombings.

Chislett demonstrates strength in brevity, as this book of just under 230 pages, split into seven parts touches on the key protagonists who shaped or help shape Spain for better or for worse. In each case, from Franco to Zapatero, the author has interpreted trends and sentiments as he perceived them with a sense of balance, wit and proportion which is admirable.

Privatisations of state-owned companies from telecommunications to banks and of course that oil and gas behemoth called Repsol are duly mentioned with details of how, when and why Spain crossed that bridge. With the summary done, Chislett turns his attention to what lies ahead for the euro zone's fourth largest economy currently grappling with huge socioeconomic problems.

You can literally breeze through this splendid book and be wiser for it if Spain interests you. I am also happy to recommend it to students of economics, the European Union project and those of a curious disposition with a thirst for improving their general knowledge about a country, its people and the challenges they face as a nation.


BAROQUE TOMORROW: WHY INEQUALITY TRIUMPHS AND PROGRESS FAILS?
BAROQUE TOMORROW: WHY INEQUALITY TRIUMPHS AND PROGRESS FAILS?
by Jack Michalowski
Edition: Paperback
Price: £20.23

4.0 out of 5 stars Of inequalities, debt, oil & international finance, 19 Dec 2013
Rewind the clock back to the morning after the collapse of Lehman Brothers. The world's fourth-largest investment bank at the time ran out of options, ideas, saviours and most importantly - working capital - on that fateful morning in September 2008. However, when filing for bankruptcy, it committed one final blunder. The administrators and liquidators, spread as far and as wide as the investment bank's own global operations, failed to coordinate with each other.

Uninstructed, the London administrator froze the bank's assets and panic ensued as investors started pulling out money from all investment banks; even those few with no question marks surrounding them. It was the moment the US sub-prime crisis became a global financial malaise that nearly took the entire system down.

In the years hence, several books have been written about the when, where, why and how; even what lead to the crisis and the inequity of it all has been dealt with. However, via his book Baroque Tomorrow, Jack Michalowski has conducted a rather novel examination - not just of the crisis alone, but also of our economic health either side of it, the proliferation of international finance and consumer driven innovations.

His claim about our present reality is a bold and controversial one - that virtually every element of the story of the past four decades points to a structural decline, one that's rooted, as in all other historical declines, in massively growing populations faced with declining innovation and lack of new energy converters or new cheap energy sources.

Drawing interesting parallels with what happened in Renaissance and Baroque Europe, Michalowski opines that the so-called Third Wave visions of mass affluence and broad technological progress hailed by Alvin Toffler and other futurists were just a fantasy.

In his book of just under 360 pages, split into four parts, Michalowski writes that in a world where political programmes last only until the next election; progress is flat or worse still non-existent. That all innovations are driven by returns on the money invested, and the major life-changing ones that propelled us onwards and upwards from the Industrial Revolution are already with us. What has followed in their wake are fads delivered to a consumer-led debt-laden world with rising levels of energy consumption.

According to Michalowski, history proves that we were only rescued from decline and propelled on a new path by the invention of new energy sources and new energy converters - things like agriculture, sailships, windmills, iron ploughs, combustion engines, trains, cars and airplanes, or nuclear reactors - and never by invention of new information processing technologies. IT advances, he argues, usually come late in the historical cycle.

On reading this book, many would remark that the author is over-simplifying the complex issue of innovation, progress and prosperity (or the lack of). Others would say he is bang on. That's the beauty of this work - it makes you think. For me - it's a case of 50:50. There are parts of the book I profoundly disagree with, yet there are passages after passages, especially the ones on the proliferation of international finance centres, debt, hydrocarbon usage and pricing, that one cannot but nod in agreement with.

Perhaps we are wiser in wake of the financial crisis and have turned a corner. That may well be so. But here's a tester - drive away from the glitzy Las Vegas Strip to other parts of the city where you'll still see streets with plenty of foreclosed homes. Or perhaps, you care to visit suburbs of Spanish cities littered with incomplete apartment blocks where developers have run out of money and demand is near-dead. Or simply check the inflation stats where you are? And so on.

In which case, is Michalowski wrong in assuming that there is a "de-education and de-skilling of the rapidly pauperizing middle class and dramatic polarization of the society between rich and poor. Very high levels of inequality are proven by history to be absolutely destructive. As malaise sets in, they become a major contributor to decline."

Some of the author's thoughts are hard to take; some of the dark quips - especially one describing Dubai as a Disneyland for grown-ups - make one smirk. None of his arguments are plain vanilla, but they make you turn page after page either in agreement or disagreement. You'll keep going because the book itself is very engaging; even more so in a climate of persistent inflation and stagnant real incomes.

Michalowski says that unless current trends change dramatically, the next forty years will bring more of the same. If so, we are looking at an entire century of decline in incomes and living standards or a "true Baroque era." Now, whether one buys that or not, the way the author has used history to make a statement on the macroeconomics of our time is simply splendid and a must read.

I am happy to recommend it to peers in the world of energy analysis, economists and social sciences students. Even the enthusiasts of digital media might find it well worth their while to pick this book off the bookshelves or download it on their latest gizmo.


Hell's Half Acre: Early Days in the Great Alberta Oil Patch
Hell's Half Acre: Early Days in the Great Alberta Oil Patch
by D. Finch
Edition: Paperback

4.0 out of 5 stars The tale of Alberta's first commercial oilfield, 20 Oct 2013
A quaint town called Turner Valley in Alberta, Canada may not mean much to the current crop of oil and gas industry observers. However, it has a special place in British history as well as that of the industry itself. Back in 1914, the town acquired the status of Western Canada's oil hub and had the country's first commercial oilfield which, for a while, was the largest oil and gas production base in the entire British Empire as it stood then.

Hell's Half Acre by David Finch is a meticulously researched and entertaining tale of the townsfolk of Turner Valley, and those who came from further afield to make it all happen back in the day. The author, who has been researching the social history of Western Canada's oil industry since the 1980s and has no fewer than 15 books about the region to his name, recounts where it all began in earnest for the province.

The drilling rigs, processing plants and pipelines are all there, and so are anecdotes of the wildcatters and workers who put it all in place, who made it happen and who lived to tell their tales. In order to make for a lively narration, Finch has gelled archived material and the dozens of interviews he conducted extremely well. But this pragmatic book of just over 200 pages, not only narrates a tale of commercial success but also what costs were paid by Turner Valley in its (and by default) Canada's historic quest for black gold; an effort, which as fate would have it, was sandwiched between the two World Wars.

Hell's Half Acre is a very real place in a coulee just outside of Turner Valley, writes Finch. For two decades, companies piped excess natural gas to the lip of this gorge and burned it - in order to produce valuable gasoline they had to also produce the natural gas for which there were limited markets at the time. In fact, the glowing sky could be seen as far south west as Calgary.

Canada's national treasure also became a military target for while. At its height, and before production peaked in 1942, the Turner Valley provided 10 million barrels per day towards the Allied War Effort. As you would expect, what was then (and still is) a cyclical industry saw its own booms and busts. The companies and their cast of characters from Turner Valley have also been delved into, and in some detail, by the author.

Today Turner Valley, a harbinger of the success of Canada's oil and gas industry, is known for tourism, leisure and for being the hometown of Laureen Harper, the frank and vivacious wife of Prime Minister Stephen Harper. So Finch's colourful book could serve as a timely reminder of the importance of a bygone era as Turner Valley begins its countdown to the centennial celebrations of the 1914 discovery of oil.

I am happy to recommend it to all those interested in the history of the oil and gas business, origins of the Canadian energy industry, Alberta's place in the global geopolitical oil and gas equation and last, but not the least, anyone seeking a riveting book about the Great Alberta Oil Patch.


Reconstructing Project Management
Reconstructing Project Management
by Peter W. G. Morris
Edition: Hardcover
Price: £55.00

4.0 out of 5 stars Dissecting & summarising PM methodologies, 7 Oct 2013
Customer review from the Amazon Vine Programme (What's this?)
Projects in all sectors of the economy, large or small, need careful planning and consideration. Over the years, project management has evolved considerably to become a crucial standalone genre of management studies. Perhaps unsurprisingly, literature on the subject has mushroomed. Industry veteran and UCL academic Peter Morris has lent his thoughts via this book, which though intentioned as an academic text - is not bland and dry like some other titles vying with it for attention.

In a book of over 300 pages split into four parts and 22 chapters, Morris has offered his take on project management techniques, modes and methodologies drawing on lessons from the past, current discourse and ongoing trends to chart the road ahead. Part I of the book (Constructing Project Management) discusses the history of modern project management and how it evolved into a standalone discipline. Invariably among the sub-components, oil & gas projects come into view and Morris does justice to the sector by flagging it up early on in one of the chapters. The author then moves on to discuss the development of project management methodology and standards such as, but not limited to PERT, CPM, APM, PMBOK. In order to contextualise and substantiate his thoughts, there are case studies aplenty.

Moving on to Part II (Deconstructing Project Management), Morris discusses management principles, governance and most importantly the impact (and facets) of risk, governance, people and procurement. Part III (Reconstructing Project Management) sees the author come into his element, offering his take on the context and character of project management as we know it (or we think we know it) and join the dots to organisational performance. The final Part IV of the book contains a summary and the author's concluding thoughts.

Overall, it's a good read and a written work likely to retain its value for another couple of decades if not more. The only caveat I'd like to flag up as an industry observer (and not a practitioner) is that this book is not the meatiest volume out there on project management. For an outside-in look, what's here is more than sufficient but some practitioners may beg to differ and demand more detail. Nonetheless, there is strength and uniqueness in brevity too when it comes to tackling such a detailed subject. Hence, I am happy to recommend it to those interested in or involved with project management.


Campbell's Atlas of Oil and Gas Depletion
Campbell's Atlas of Oil and Gas Depletion
by Alexander Wöstmann
Edition: Hardcover
Price: £301.62

5.0 out of 5 stars A superb dissection of global oil & gas depletion, 27 May 2013
Any analysis of oil and gas depletion is always tricky and often coloured by opposing arguments, disinformation, politics, tangential debates about the resource curse hypothesis and extractive techniques. Given this backdrop, veteran industry analyst Colin Campbell's attempt to tackle the subject via his Atlas of Oil and Gas Depletion, currently in its second edition, is nothing short of historic.

This epic work banks on decades of painstaking research undertaken by Campbell in his quest to provide definitive and pragmatic commentary on the subject of depletion. Nine parts and 77 chapters split this weighty, authoritative volume on the subject; wherein part by part, page by page, it examines oil and gas depletion by region and jurisdictions. Not only has geology been taken into consideration but also the political climate of each region and country in question. The author also discusses the impact of emergent technologies and the costs involved relative to each E&P jurisdiction with a separate examination of conventional and unconventional sources.

Accompanying discourse on the history of the oil and gas business is carved up into two halves - the first half discusses the formation of the oil industry, which oversaw (or rather fuelled) the exponential growth of the global economy. The second half talks of a contraction as the easy to extract supplies dwindle, and the barrel spent per barrel extracted equation starts getting more and more worrying.

Campbell also discusses reporting practices and industry data interpretation techniques. The Atlas switches seamlessly to a country-by-country analysis in alphabetical order by continent. Every country imaginable in the context of the oil and gas business and even those that are unimaginable in mainstream discourse about our `crude' world are examined, substantiated by industry data and accompanying graphics.

For purposes of reviewing the contents, I selected 10 jurisdictions commonly associated with the E&P industry and another 10 jurisdictions, hitherto considered net oil importers. I was quite simply blown away by sincerity and effort of the research, along with the brevity with which jurisdictional summation was provided duly taking the country's crude history into the equation. As a reader, you appreciate a book when it adds to your knowledge; Campbell's Atlas certainly did it for me.

If you are looking for an authoritative analysis of oil and gas depletion, minus caricature, clichés and political statements, but full of rational and apolitical scrutiny of the costs involved with extracting oil and gas, then look no further than this book. For an evolving industry, which has a finite natural resource as its core offering, Campbell's Atlas of Oil and Gas Depletion is likely to stand the test of time.

I am happy to recommend this book, and humbled to provide a review for the research conducted by an analyst of Campbell's credentials. The Atlas will educate and inform those interested in the oil and gas industry's future and the challenges it faces - be they existential or commercial. In particular, those professionals involved with policymaking, petroleum economics, history of the oil and gas business, academia and market analysis.


Oil and World Power (Routledge Revivals)
Oil and World Power (Routledge Revivals)
by Peter R. Odell
Edition: Hardcover
Price: £78.14

4.0 out of 5 stars A historical perspective via a reprint, 1 May 2013
Throughout his illustrious career, academic Peter Randon Odell enriched the available oil and gas market commentary and analysis of his time, writing close to 20 books and numerous research papers. In 1970, Odell wrote arguably one of his most authoritative works on the subject - Oil and World Power. He went on to update and revise it no less than eight times with the last imprint reaching bookshops in 1986.

After over two decades, the old master's insight is available once again via a Routledge reprint, under its Routledge Revivals Initiative which aims to re-print academic works that have long been unavailable. While the publisher's hunt for scholarly reprints is rewinding the clock back to the last 120 years, I am not the least bit surprised that Odell's most popular work is among the first to roll off Routledge's printing presses for 2013 under the Revivals Initiative.

It was Odell who was among the first to catalogue the oil industry's commercial clout and pragmatically noted in this book that the oil and gas business was one which no country could do without given the inextricable link between industrialisation and fossil fuels.

Above anything else, this reprinted book offers Odell's insight on the oil and gas business as it had evolved up and until the 1980s, pre-dating the corporate birth of ExxonMobil, the collapse of the Soviet Union, America's shale bonanza and resource nationalism to the extent we see today. This in itself makes the reprint of Oil and World Power invaluable.

The reader gets a glimpse of energy hegemony as it was up and until the 1980s and Odell's insight on issues of the day. From OPEC soundbites to the anxieties of consuming nations, from the decline of International Oil Companies (IOCs) to the rise of National Oil Companies (NOCs) - it's all there, coupled with changing patterns of oil supply and the dramatic fall in oil prices in 1986.

Yet, Odell's conclusions in this book, of just over 300 pages split by 11 chapters, sound eerily similar; a sort of a forerunner to what industry commentators are mulling over in this day and age. In fact, the deep links, which he refers to in his book, between oil and gas extraction, conflict, resource nationalism, global politics and economic prowess are as entrenched as ever.

After discussing the bigger picture, the author goes on to offer a fair bit of forward-thinking conjecture on the relationship between the oil and gas business and economic development. There are also subtle hints at the resource curse hypothesis - a discussion which was hardly mainstream in the 1980s but is hotly debated these days.

This reprint bears testimony to the brilliance of Odell in tacking such issues head on. It would be of immense value to students of energy economics, industrial studies, international development, geopolitics and political hegemony. But above all, those looking to probe the history of the oil and gas business must certainly reach out for this engaging volume.


Wheel of Fortune
Wheel of Fortune
by Thane Gustafson
Edition: Hardcover
Price: £28.79

5 of 5 people found the following review helpful
5.0 out of 5 stars An arduously researched volume on 'crude' Russia, 25 April 2013
This review is from: Wheel of Fortune (Hardcover)
When looking up written material on the Russian oil and gas industry, you are (more often than not) likely to encounter clichés or exaggerations. Some would discuss chaos in wake of the collapse of the Soviet Union and the rise of the oligarchs as a typical "Russian" episode of corruption and greed - yet fail to address the underlying causes that led to it. Others would indulge in an all too familiar Russia bashing exercise without concrete articulation. Amidst a cacophony of mediocre analysis, academic Thane Gustafson's splendid work not only breaks the mould but smashes it to pieces.

This weighty, arduously researched book of just under 700 pages split by 13 chapters does justice to the art of scrutiny when it comes to examining this complex oil and gas exporting jurisdiction; a rival of Saudi Arabia for the position of the world's largest producer and exporter of oil. It is about power, it is about money, it is about politics but turning page after page, you would realise Gustafson is subtly pointing out that it is a battle for Russia's 'crude' soul.

In order to substantiate his arguments, the book is full of views of commentators, maps, charts and tables and over 100 pages of footnotes. The narrative switches seamlessly from discussing historical facts to the choices Russia's political classes and the country's oil industry face in this day and age. The complex relationship between state and industry, from the Yeltsin era to Putin's rise is well documented and in some detail along with an analysis of what it means and where it could lead. In a book that I perceive as the complete package on the subject, it is hard to pick favourite passages - but two chapters stood out in particular.

Early on in the narrative, Gustafson charts the birth of Russian oil majors Lukoil, Surgutneftegaz and Yukos (and the latter's dismembering too). Late on in the book, the author examines Russia's (current) accidental oil champion Rosneft. Both passages not only sum up the fortunes of Russian companies and how they have evolved (or in Yukos' case faced corporate extinction) but also sum up prevailing attitudes within the Kremlin.

What's more, as crude oil becomes harder and more expensive to extract and Russian production dwindles, Gustafson warns that the country's current level of dependence on revenue from oil is simply unsustainable and that it simply must diversify. Overall, I am inclined to feel that this book is one of the most authoritative work on Russia and its oil industry, a well balanced critique with substantiated arguments and one which someone interested in geopolitics would appreciate as much as an enthusiast of energy economics.

I am happy to recommend Wheel of Fortune to readers interested in Russia, the oil and gas business, geopolitics, economics, current affairs and last but certainly not the least - those seeking a general interest non-fiction book on a subject they haven't visited before. As for the story seekers, given that it's Russia, Gustafson has more that few tales to narrate all right, but fiction they aren't. Fascinating and brilliantly written they most certainly are!


Winner Take All: China's Race For Resources and What It Means For Us
Winner Take All: China's Race For Resources and What It Means For Us
by Dambisa Moyo
Edition: Hardcover
Price: £14.67

4.0 out of 5 stars On finite resources and China's urges, 20 Jan 2013
Customer review from the Amazon Vine Programme (What's this?)
We constantly debate about the world's finite and fast depleting natural resources; that everything from fossil fuel to farmable acreage is in short supply. Some often take the line that the quest for mineral wealth would be a fight to the death. Others, like academic Dambisa Moyo take a more pragmatic line on resource scarcity and rationally analyse what is at stake; as she has done in her latest book - Winner Take All: China's race for resources and what it means for us.

That the Chinese are in town for more than just a slice of the natural resources cake is well documented. Yet, instead of crying `wolf', Moyo sequentially dissects and offers highly readable conjecture on how China is leading the global race for natural resources be it via their national oil companies, mergers, asset acquisitions, lobbying or political leverage on an international scale.

While cleverly watching out for their interests, the author explains, in this book of just over 250 pages split by two parts containing 10 chapters, that the Chinese are neck-deep in a global resources rush but not necessarily the causative agents of perceived resource scarcity.

However, that they are the dominant players in a high stakes hunt for commodities from Africa to Latin America is unmistakable. For good measure and as to be expected of a book of this nature, the author has examined a variety of tangents hurled around in a resource security debate. The Dutch disease, geopolitics, risk premium in commodities prices, resource curse hypothesis have all been visited versus the Chinese quest by Moyo.

The Oilholic found her arguments on the subject to be neither alarmist nor populist. Rather, she has done something commendable which is examine how we got to this point in the resources debate, the operations of commodity markets and the geopolitical shifts we have seen rather than sensationalise the subject matter. China, the author opines may be leading the race for resources, but is by no means the only hungry horse in town.

Overall, it is a very decent book and well worth reading given its relevance and currency in today's world. The Oilholic would be happy recommend it to commodities traders, those interested in international affairs, geopolitics, financial news and resource economics. Finally, those who have made a career out of future projections would find it very well worth their while to absorb it from cover to cover.


The Oil Traders' Word(s): Oil Trading Jargon
The Oil Traders' Word(s): Oil Trading Jargon
by Stefan van Woenzel
Edition: Paperback
Price: £23.70

1 of 1 people found the following review helpful
5.0 out of 5 stars A brilliant catalogue of 'crude' expressions, 12 Nov 2012
As paper barrels increasingly get the upper hand in an intertwined global network of crude oil and distillates trading, whether it's the virtual crude you are after or the physical stuff - getting a hang of the market jargon is crucial.

Perhaps you are familiar with terms such as contango, backwardation or crack spreads - as some readers would be. But can you confidently define what a PIONA test is? Or for that matter what is a No. 6 Fueloil? Or maybe what 'demulsibility' implies to in a crude context or what are 'charter parties'?

If you are stumped or curious or unsure or perhaps all three, then - The Oil Traders' Word(s) - this brilliant compendium of 'crude' knowledge containing oil traders' expressions, trading floor jargon, measurements, metrics and terms put together by Statoil executive Stefan Van Woenzel is just the tonic!

In a painstaking endeavour, Van Woenzel has penned the A to Z of oil trading jargon banking on his decades of experience as a trader. In order to put the veracity of his research work to test, I subjected 'The Oil Traders' Word(s)' to a simple test. To begin with I tallied common oil trading expressions to check the author's description of them, then on to terms that only readers with a mid to high level of investment knowledge would be familiar with and finally to random jump searches by alphabet.

I am delighted to say that Van Woenzel's 'glossary-plus' emerges with full marks and more on all counts. Expressions, words and jargon aside, metric to imperial measures and explanatory notes make this work of just under 550 pages one of the most purposeful reference books of the oil sector. With close to 2,000 definitions, one would struggle to find a better or even a comparable product to the author's arduous effort.

The book is not limited to a role of a 'crude' dictionary or an industry communications guide. Going beyond that, Van Woenzel has shared his two decades-plus of industry wisdom with readers in a separate chapter. Overall, it was a joy to read the book and put the glossary to a very enjoyable test. A multibillion dollar industry must appreciate the value of the author's commendable research.

For my humble part, I would be happy to recommend it to oil & gas executives, oil traders, energy project financiers, shipping personnel, banking sector professionals, energy journalists and academics. Students of economics, business and energy studies might also find it worth their while to have it handy. If you needed a one-stop oil industry jargon guide, then this book really is the 'real deal'.


Minerals and Mining: A Practical Global Guide
Minerals and Mining: A Practical Global Guide
by Per Vestergaard Pedersen
Edition: Hardcover
Price: £95.62

4.0 out of 5 stars A tailored guide to minerals and mining, 28 Sep 2012
Mining and quarrying together with oil & gas prospection complete the extractive industries landscape. Minerals have myriad uses in several key sectors of the world economy. Specifically in the oil & gas world, minerals used in the drilling process (e.g. - barytes, bentonites and frac sands) are key components of the hydrocarbon extraction processes.

Within this global setting, exploration, logistics and allied businesses are frequently impacted by constantly evolving commercial, legal, health and safety and cross-jurisdictional due diligence scenarios. Furthermore, professionals in the business as well as corporate project sponsors also need to keep abreast of technical and scientific matters ahead of a project feasibility study.
'Minerals and Mining: A Practical Global Guide' not only seeks to address an information gap in sector but also hopes to mitigate the information overload in this day and age. This succinct handy guide of just under 300 pages dwells on key legal and commercial concerns of the minerals and mining world.

Various aspects of the subject at hand are examined by industry professionals via 19 detailed chapters. Each chapter has been authored by jurisdictional experts ranging from Argentina to Russia who work for some of the most recognisable brands in the legal and advisory business - including, but not limited to Allen & Overy, Norton Rose, SNR Denton and KPMG.

Topics include regulations, agreements, tariffs on minerals and mining; legal processes concerning licences, concessions, production sharing and mining development agreements; financing; mining management and operating facets and last but not the least - the sale and purchase of mining assets. Additionally, mineral trading, environmental protection, social responsibility, accounting and taxation in various jurisdictions have also been examined.

The treatment of Latin American nations - Argentina, Brazil, Chile, Mexico and Peru - stands out for its veracity. However, it is the detailed chapters on emerging scenarios in Africa that sealed the deal for me. As with works of this nature, consulting editor Per Vestergaard Pedersen of Lett Law Firm has done a commendable job of knitting this book of experts together. He has also authored an informative chapter on Greenland; a jurisdiction where mining activities have grown exponentially between 2002 and 2012.

On the whole, as expected the book is aimed at professionals with a mid-tier and upwards knowledge of the sector. I believe it would make a handy and informative reference guide for legal practitioners and financiers. Executives at advisory firms, banks, engineering consultants and mining, shale, oilfield drilling project EPC contractors would appreciate it as well.


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