TY - BOOK AU - Faure,Michael TI - Civil liability and financial security for offshore oil and gas activities SN - 9781316754535 AV - K956 .C58 2016 U1 - 343.07/72 23 PY - 2016/// CY - New York PB - Cambridge University Press KW - Liability for oil pollution damages KW - Oil pollution of the sea KW - Law and legislation KW - Offshore oil well drilling KW - Offshore gas well drilling KW - Oil and gas leases KW - Liability (Law) KW - Compensation (Law) KW - Responsabilité pour dommages dus à la pollution par les hydrocarbures KW - Concessions de pétrole et de gaz KW - Responsabilité (Droit) KW - LAW KW - Civil Law KW - bisacsh KW - Military KW - fast KW - Electronic books N1 - Offshore-Related Damage: Facts and Figures; Kristel de Smedt and Hui Wang --; Analysis of Existing Legal Regimes; Michael Faure, Jing Liu and Hui Wang --; Pooling Mechanisms for Offshore Liability; Michael Faure and Jing Liu --; Use of Financial Market Instruments to Cover Liability Following a Major Offshore Accident; Michael Faure and Hui Wang --; Potential of Financial and Insurance Instruments to Cover Liability Following a Major Offshore Accident; Michael Faure and Hui Wang --; Towards Optimal Liability and Compensation for Offshore Oil and Gas Activities; Kristel de Smedt, Hui Wang and Michael Faure; Cover ; Half-title page; Title page; Copyright page; Contents; List of Figures and Tables; List of Contributors; Preface and Acknowledgements; List of Abbreviations; 1 Introduction; 1.1 Background for This Book; 1.2 Objective of This Book; 1.3 Methodology; 1.3.1 Legal Analysis; 1.3.2 Law and Economics; 1.3.3 Empirics; 1.3.4 Integration; 1.4 Structure; 2 Offshore-Related Damage: Facts and Figures; 2.1 General Issues Concerning Offshore Activities; 2.1.1 Terminology in Offshore Activities; 2.1.2 Industry Structure of Offshore Activities; 2.1.3 Stakeholders; 2.1.4 Importance of Offshore Activities2.2 Location of Installations and Facilities in the European Union; 2.2.1 General Information; 2.2.2 Offshore Interests in the North Sea; 2.2.3 Offshore Interests in the Mediterranean Sea; 2.3 Overview of Major Offshore Accidents; 2.3.1 Sources of Information; 2.3.1.1 Worldwide Database; 2.3.1.2 National Regulatory Authorities; 2.3.1.3 Regional Database; 2.3.1.4 Industry Database; 2.3.1.5 Observation from Available Data; 2.3.2 Overview of Serious Accidents Involving Offshore Facilities; 2.4 Analysis of Recent Offshore Accidents in Europe: Case Studies; 2.4.1 Gulfaks C Incident (19 May 2010): A Near Miss2.4.2 Valhall PCP Production Platform Fire (13 July 2011); 2.4.3 Escape of Hydrocarbons at Ula Field Norway (12 September 2012); 2.4.4 Gannet Alpha Oil Spill (10 August 2011); 2.4.5 Elgin Platform Blowout (26 March 2012); 2.5 Analysis of Recent Offshore Accidents Outside EU Waters; 2.5.1 Montara; 2.5.1.1 Facts of the Incident; 2.5.1.2 Trans-Boundary Complaints from Indonesia; 2.5.2 Deepwater Horizon; 2.5.2.1 Facts of the Incident and Legal Issues; 2.5.2.2 Overview of Legal Proceedings; 2.5.2.3 Post-Macondo Responses; 2.5.2.4 Summary; 2.5.3 More Accidents in 20152.5.3.1 Petrobras Brazil Offshore Explosion; 2.5.3.2 Pemex Mexico Offshore Accidents; 2.5.4 Risk of a Deepwater Horizon Oil Spill in the European Union?; 2.5.4.1 Different Depths and Pressures; 2.5.4.2 Concerns after Macondo; 2.5.4.3 Expert Evaluation; 2.5.4.4 Limits of Expert Opinion; 2.5.4.5 Summary; 3 Analysis of Existing Legal Regimes; 3.1 Introduction; 3.2 International Legal Framework; 3.2.1 The Civil Liability Convention and the Fund Convention; 3.2.1.1 The Civil Liability Convention; 3.2.1.2 Compensation Funds in the International Regime; 3.2.1.3 Voluntary Mechanisms3.2.2 UNCLOS; 3.2.3 MARPOL 73/78; 3.2.4 The OPRC Convention; 3.2.5 Ongoing Discussion at the IMO; 3.3 Offshore Liability Regimes; 3.3.1 Regional Arrangements; 3.3.2 North-East Atlantic Ocean (North Sea); 3.3.2.1 The OSPAR Convention; 3.3.2.2 The Nordic Convention; 3.3.3 The Mediterranean Sea; 3.3.4 The Baltic Sea; 3.3.5 The Black Sea; 3.3.6 Summary of the Regional Seas Arrangements; 3.4 Current EU Regime on Offshore Activities; 3.4.1 EU Interest in Offshore Activities; 3.4.2 Council Directive 92/91 EEC; 3.4.3 Hydrocarbons Licensing Directive 1994 (94/22/EC) N2 - "Civil Liability and Financial Security for Offshore Oil and Gas Activities provides insights into the liability and compensation regime for offshore- related damage. The book analyses the legal regime in a variety of states (including the US and the UK) as well as the EU regime. In addition the various compensation mechanisms and amounts available today to compensate offshore-related damage are described and critically analysed. Moreover, based on in-depth interviews with a wide variety of relevant stakeholders including insurers, representatives from supervisory authorities, and oil and gas producer. This volume also provides a variety of policy recommendations, formulated to provide an optimal compensation regime for offshore-related damage"-- UR - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=1343239 ER -