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This book critically examines different forms of petroleum contracts, the historical perspective of the oil and gas industry and the political economy of the petroleum development in Iran. In doing this, the author provides analysis of the concept of concession in oil and gas development. This is discussed through the main forms of concession contracts; namely, the classic concession contract (CCC) and the new concession contract (NCC). The book ties together much of the existing work on the history of oil and gas regulation in Iran and builds on that foundation to propose a coherent and balanced approach within the framework of the NCC. To consider the role of the NCC in developing national...
The disputes that arise between host states and investors in the energy sector put a high number of valuable and vital projects in the countries at risk. Investment treaty arbitration mechanisms, as the traditional remedy, have provided a solution to these problems for decades. However, as the number of disputes increases, the sufficiency of arbitration in responding to disputes became questionable in addition to the long-lasting and costly cases. Accordingly, ADR mechanisms outside the arbitration cannon have triggered growing interest among practitioners. Despite the attraction and the apparent benefits of ADR such as being cheaper, faster and with better outcomes compared to arbitration, ...
Oil, an integral part of the contemporary global economy, is considered a driving force behind the 2003 invasion of Iraq. Hydrocarbon reserves in Iraq have a significant role to play in global supply, with oil revenue accounting for more than 90% of Iraqi government income. This book provides a comprehensive insight into the key foundations of Iraq’s oil industry and assists in the development of a core area of domestic law to promote economic recovery following years of instability. It addresses the development of oil legislation and the formation of contracts since the US and allied occupation of Iraq in 2003. Legislation is assessed against the framework of the constitution along with t...
This book provides an analysis of the European policy approach to combined heat and power (CHP), a highly efficient technology used by all EU Member States for the needs of generating electricity and heat. European Law on Combined Heat and Power carries out an assessment of the European legal and policy measures on CHP, evaluating how it has changed over the years through progress and decline in specific member states. Over the course of the book, Sokołowski explores all aspects of CHP, examining the types of measures used to steer the growth of cogeneration in the EU and the policies and regulatory tools that have influenced its development. He also assesses the specific role of CHP in the...
This book, which has twenty chapters, Is a collection of essays in honour of Honourable Justice (Mrs) Kate Abiri, Chief Judge of Bayelsa State of Nigeria who has contributed immensely To The rule of law and advancement in the Niger Delta area in particular where the petroleum industry has wrought great devastation in various forms. The law And The regulatory framework governing oil and gas operations in Nigeria are subjected to critical examination, alongside legal challenges in the path of addressing attendant environmental degradation, compensation, human rights, communities and protection of the environment. This is the most comprehensive book on this subject to date.
Examining local content law and policy in the oil and gas industry, this book uses Nigeria as a primary case study, comparing its approach to countries such as Brazil and Norway which have also adopted local content laws in relation to their gas and oil industries. In considering various aspects of local content law and policy as they apply to the oil and gas industry, the book examines the factors behind the formulation of local content policies by petroleum producing states, and the various strategies they have employed to implement them. It analyses arguments against local content requirements from the perspective of international trade and investment law, and from liberal market economic theorists, who argue against its overall usefulness. The book highlights salient aspects of the oil and gas industry such as regulation, national oil companies, treatment of minorities, and policy formulation and implementation.
This book analyses the case-law of the European Court of Justice on free movement in the energy sector. Sirja-Leena Penttinen provides a comprehensive review of the interpretation and application of the free movement provisions in the energy sector by the European Court of Justice (ECJ), which allow for cross-border energy trade (free movement of goods) and energy investments (free movement of capital). Through detailed analysis of ECJ case-law, Penttinen tracks the development of the legislative framework at EU level in response to the growth of the energy sector, as well as exposing the various political and economic nuances at play. In addition, she sheds light on the dynamic relationship between the EU Member States and their regulatory autonomy, the EU legislator, the Commission and the Court in the establishment of the EU internal energy market. Taking a coherent, systematic approach, this volume will be of great interest to scholars of EU law and energy policy, as well as policymakers and professionals working in this sector.
This book provides an in-depth analysis of the Corporate Sustainability Due Diligence Directive (CSDDD) – including the European Commission’s Omnibus Directive Proposal – focusing on civil liability, enforcement issues, climate-related transition plans and directors’ liabilities. It also discusses other Environmental, Social and Governance (ESG)/ sustainability-related legislation and stock exchange rules in the EU, the United States and China. Using case studies involving multinationals such as BYD, Shell, RWE, Borealis, BMW, VW and L’Oréal, the book demonstrates the increasing negative impact of ESG-related issues on a company’s reputation and finances. Showing that internatio...
Based on 30 years of fieldwork in the Niger Delta, this book debunks the determinism of the resource curse theory in Nigeria, Africa's leading oil producer and the most populous country on the continent. It rather shows that oil and gas production is only one element of a social problem with much deeper roots. It also investigates the role played by the youth, a key issue in a society where half of the population is under 18 years old. To understand the multiple causes of the crisis, it thus delves into the complexity of a rich history.
This book examines the regulatory, environmental, financial, socio-legal, and safety aspects that shape offshore energy infrastructure projects and their operation. The marine environment holds vast resources to provide energy solutions for humankind. The sustainable development of such offshore energy resources is one of the most pressing challenges posed by the energy transition. Whereas offshore hydrocarbons have been explored and extracted for more than a century, the offshore renewable industry is rapidly expanding, with lawmakers increasingly looking to the oceans for significant energy development. Offshore spaces now amalgamate mature and emerging energy industries, creating a pressi...