Accueil > The international oil & gas industry, legal and policy issues

ODEC 7045 - The International Oil & Gas Industry, Legal and Policy Issues

Type d'enseignement : Seminar

Semester : Autumn 2017-2018

Number of hours : 24

Language of tuition : English

Pre-requisite

aucun

Course Description

The oil and gas industry is faced today with a number of challenges: knowledge and wealth transfer in developing countries, how to deal with new technologies such as shale gas, geopolitical issues (US, Middle East and Iran/Saudi, China, Australia, Nigeria etc), shifts in supply and demand cycles, a drop in oil price, less investment in exploration, focus on renewables, focus on environmental and social issues etc. This is a really interesting area for lawyers. To cite some recent high profile matters in the news: "Neptune snaps up Engie production assets for USD3.9 billion", "Shell offloads Gabon assets to Carlyle-backed group for up to USD1 billion", "Nigeria charges Shell and ENI with corruption over oil licence", "Saudi Aramco plans 2018 IPO that would be the world's biggest share sale", "Iran picks 29 foreign companies to bid in oil and gas tender", "Australia curbs LNG exports amid domestic gas shortage", "UK budget opens review of North Sea tax rules", "Trump signs repeal of transparency rules for US oil companies", "ExxonMobil shareholders have filed a class-action lawsuit against the company, alleging it misled its investors and the public by failing to disclose the risks posed to its business by climate change". The course will go through some of the legal issues that surround the oil and gas industry and how law and contracts need to take account of policy. We will cover issues such as M&A, joint ventures, negotiating with governments, financing projects, arbitration, border disputes, corruption, human rights and environmental issues.

Teachers

MAJOR, Rebecca (Avocat associé)

Course validation

-Three or 4 short research assignments over the life of the course: 25% ; - Class participation: 25% ; - Final take-home exam: 50%.

Required reading

  • BP Energy Outlook 2017
  • World Bank Study: The Extractive Industries Sector: ESSENTIALS FOR ECONOMISTS, PUBLIC FINANCE PROFESSIONALS, AND POLICY MAKERS : https://openknowledge.worldbank.org/bitstream/handle/10986/22541/The0extractive0s00and0policy0makers.pdf?sequence=1&isAllowed=y