OIL AND GAS LAW AND POLICY

Order Description Write a research essay based on one of the followin" rel="nofollow">ing policies: 1. "The objectives of States and IOC in" rel="nofollow">in relation to oil and gas transactions are irreconcilable, accountin" rel="nofollow">ing for the tensions and suspicions between them and the need for a variety of legal techniques to adequately secure their respective in" rel="nofollow">interests". Critically discuss this statement. 2. "Biddin" rel="nofollow">ing is the predomin" rel="nofollow">inant method that most resource rich states use to grant a permission to explore for, develop and produce oil and gas; but it is not the most suitable or effective means for securin" rel="nofollow">ing maximum output for the states." Critically discuss this statement. 3. Critically examin" rel="nofollow">ine the petroleum law and policy of a country of your choice and determin" rel="nofollow">ine the extent to which the licence system or the contract regime could be suitable to your client for the conduct of petroleum operations in" rel="nofollow">in the country. 4. Local content and participation rules are commonly been applied for addressin" rel="nofollow">ing domestic development needs in" rel="nofollow">in petroleum and min" rel="nofollow">ineral rich countries. Critically evaluate a local content regime of your preferred country and assess its suitability as a development tool. 5. Account for the categories of risks that are prevalent in" rel="nofollow">in the oil and gas busin" rel="nofollow">iness and critically analyse the legal tools that could ameliorate or cushion each given risk that you examin" rel="nofollow">ine. 6. "The emergence of in" rel="nofollow">innovative contractual arrangements in" rel="nofollow">in the development of oil and gas resources seeks to accommodate and promote political and economic imperatives. They facilitate State participation and control over petroleum operations through production sharin" rel="nofollow">ing arrangements or join" rel="nofollow">int ventures that set up state petroleum enterprises and contractual devices that tend to limit the private company's control and management powers". Drawin" rel="nofollow">ing from examples of specific developin" rel="nofollow">ing countries' oil regimes, critically discuss the extent to which this observation reflects the current practice of join" rel="nofollow">int venture arrangements in" rel="nofollow">in petroleum development in" rel="nofollow">in the given state. 7. Critically discuss the proposition that the use of 'stabilization clauses' in" rel="nofollow">in energy contracts are the most effective device to secure an in" rel="nofollow">investment again" rel="nofollow">inst confiscatory takin" rel="nofollow">ing and other state's regulatory powers.