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Guidelines for good governance in emerging oil and gas producers / Edited by Valérie Marcel. Chatham House, September 2013, 37 p. (Programme paper)http://www.chathamhouse.org/sites/default/files/public/Research/Energy,%20Environment%20and%20Development/0913pp_marcel.pdfPresentation (© Chatham House) :These guidelines for emerging oil and gas producers are drawn from a Chatham House project that gathers petroleum producers and governance experts in annual workshops. Recommendations focus on issues discussed at these workshops and offer firm prescriptions where broad consensus emerged.Best-practice standards that have been established in successful petroleum-producing countries undoubtedly represent the international gold standard in the oil and gas sector. But while such practices may work well for successful, well-resourced producers, the same policies may be entirely inappropriate for emerging producers, which often face significant development challenges.Many emerging producers have weak institutional capacity and low knowledge of the petroleum sector, in addition to pressing socio-economic challenges. Thus emerging producers should pursue policies that acknowledge the realities of their national contexts, that can bring about rapid results in a context of urgent need, and that allow for incremental improvements to their governance processes.As capacity grows and greater revenues begin to flow, emerging producers will need to adjust their methods and institutions to promote evolving, and ever higher, standards of good governance.