Legal factors affecting oil and gas industry
Crude oil and gas undergoes primary separation by distillation to yield a range of different fractions including gases, naphtha, paraffin and gas oil. The production of different products is dependent upon the composition of the crude oil (raw material), the technology of the refinery (principally a distillation process) and market demand. 3.1 Outline broadly the legal/statutory and organisational framework for the exploration and production (“development”) of oil and natural gas reserves including: principal legislation; in whom the State’s mineral rights to oil and natural gas are vested; Government authority or authorities responsible for the regulation of oil and natural gas development; and current major initiatives or policies of the Government (if any) in relation to oil and natural gas development. Legal and Regulatory. Oil & Gas UK has two legal groups – the Legal Issues Forum (LIF – for all members) and the Operators’ Legal Committee (OLC – for Operators and Licensees). These establish Task Finish Groups for specific industry legal projects from time to time. Oil & Gas UK and its subsidiaries have established and now manage several For example, this external factor threatens General Electric’s Oil & Gas segment, which relies on the growth of the oil market. However, the same political factor creates opportunities for GE’s strategic growth in the renewable energy industry. The principal legislation governing the development of oil and natural gas reserves is the Petroleum Act 1998 (as amended) (the “ Petroleum Act ”). Under the Petroleum Act, all rights to petroleum including the rights to “search for, bore for and get” petroleum are vested in the Crown. Until recently,
19 Jan 2020 The oil and gas sector faces heavy scrutiny regarding environmental issues, such as air and water quality and offshore regulation or the applicant may face delays and financial and legal penalties. Environmental regulations can be seen as having a positive impact on the gas drilling sector in particular.
9 Jan 2020 Where energy demand is growing rapidly, oil and gas companies can To explore these issues, this paper will do the following: have significant impact on the oil and gas sector from three directions, even if demand continues to exist. legal challenges against major oil and gas companies for historical Annual Survey of International & Comparative Law by an authorized administrator of GGU Law Digital Commons. For more Generally, factors, such as red-tape, over-regulation lic regulatory framework in the oil and gas sector in Nigeria, the this had a negative impact on oil revenues accruing to oil producing states in 16 May 2018 political, economic, social, technological, legal and environmental, hence PESTLE. Economic: These factors directly impact on the economic performance of In the oil and gas industry, the Ministry of Energy and Mineral Environment, Policies, Strategies, Nigeria, Oil and Gas Industry It is very important to note that each time environmental issues are mentioned in Nigeria, the oil and gas indus- to adversely affect fisheries resources within the Niger Delta region (see Table 1 First, is the legal regime, which existed in the years, preced-. The oil and gas industries have always been subject to complex legal issues. Whatever your needs our global oil and gas lawyers are here to help you navigate
main factors, which are interconnected and contribute substantially to the recent rebalance between supply and demand in the oil and gas industry and to a future potential increase in demand. The first factor is associated with the crude oil production cut that came into effect in 2016 upon the
1 Nov 2016 These issues require a strong and reliable regulatory capacity covering The production of shale gas at this level could impact on climate change There are also technical standards set up in the oil and gas industry which 12 Jul 2019 Oil: crude and petroleum products explained Oil and the environment Mobile and smaller slimhole drilling rigs reduce the size of the area that drilling activities affect. treatment and disposal are important and challenging issues. the U.S. government and the oil industry to review drilling technologies, Integrated nature of the SDGs: cross-cutting issues and impacts . have potential impact on a number of the SDGs, based on the type and Oil and gas companies, who have the responsibility to adhere to the law, respect human rights. A BRIEFING OF EXISITING GAPS IN UGANDA'S OIL AND GAS LAWS violations stemming from industry activities using the country's legal and policy constrain economic and social development for the communities affected.36 The provisions “A Special Report on Oil in Uganda: Emerging Human Rights Issues . 1 Apr 2009 as a means of addressing issues of regulatory duplication and inconsistencies. Legislation affecting the upstream petroleum sector. 48. 4.2. State and the United Nations Convention on the Law of the Sea. Crude oil. 22 Feb 2016 Legal Aspects of Oil and Gas Industries Name: Instructor: Institution: a number of factors such as huge taxation that negatively affect the latter. Oil and Gas Law provides a comprehensive overview of the central legal issues in up-to-date guidance on legal issues affecting the UK oil and gas industry.
8 May 2016 The presence of the significant amount of oil and gas reserves in a has the legal right to change the national taxes for oil and gas industry profits. the below economic factors that can affect the global economy, these are:.
Legal and Regulatory From contract risk management, to international boundary disputes, through production sharing agreements and mitigating the risk of international sanctions, the oil and gas industry is a complex legal and regulatory environment to operate in. Oil and gas law is a particularly complicated by regulations - oil regulations, gas regulations, natural gas regulations. Political risk is everywhere in the oil and gas business “It is extremely common to encounter sentiments of resource nationalism from host countries. Operators must be aware that they are guests who have been invited to a country to deliver a service.
Looking for the latest trends in the oil and gas industry? political risks, our 2020 oil and gas industry outlook takes stock of the main factors to watch in 2020. What are the key trends, challenges, and opportunities that may affect your Shield · Cookies · Legal Information for Job Seekers · Labor Condition Applications
3.1 Outline broadly the legal/statutory and organisational framework for the exploration and production (“development”) of oil and natural gas reserves including: principal legislation; in whom the State’s mineral rights to oil and natural gas are vested; Government authority or authorities responsible for the regulation of oil and natural gas development; and current major initiatives or policies of the Government (if any) in relation to oil and natural gas development.
Introduction Oil- and gas-rich rocks are only found in certain parts of the United States, so most of the country has no oil or gas wells. Where oil and gas production is commercially viable, many factors determine the exact location of each well, including leasing, permitting, competing land uses Legal and Regulatory. From contract risk management, to international boundary disputes, through production sharing agreements and mitigating the risk of international sanctions, the oil and gas industry is a complex legal and regulatory environment to operate in. Oil and gas law is a particularly complicated by regulations - oil regulations, gas regulations, natural gas regulations. Factors that Could Threaten the Oil & Gas Industry in the Future. This year, the oil & gas industry see environmental accountability as a top priority, underlined by the intersection between public concern and industry efforts among the U.S. shale boom. Environmental and legal factors– Entrepreneurs looking forward to invest in the oil and gas industry have to be well-versed with environmental factors that influence every oil production or distribution activities. Geographical position, land form, climate, rock structure and fauna and flora influence oil and gas industry activities. Typically, an oil and gas company is covered by a range of regulations that limit where, when and how extraction is done. This interpretation of laws and regulations can also differ from state to state. That said, political risk generally increases when oil and gas companies are working on deposits abroad. Environmental Impacts of the Oil and Gas Industries the sensitivity of exploration activities including the definition of ‘no go’ times or conditions. Drilling During drilling, a drilling mud is continuously circulated between the well and the platform through a ‘riser pipe’. Mud is used to maintain well pressure and wall stability,