Offshore oil and gas exploration and production comes with risk of release of hydrocarbons in to sea. Today, the probability of such an event is relatively low, but the consequences are nevertheless significant and ca...Offshore oil and gas exploration and production comes with risk of release of hydrocarbons in to sea. Today, the probability of such an event is relatively low, but the consequences are nevertheless significant and can cover a vast geographical area. As such, it raises the question as to whether liability and compensation in oil ＆ gas related incidents should be covered under international law. Current international legislation addresses the issue mainly in terms of shipping. This paper attempts to shed light on the topic in relation to oil and gas exploration whilst investigating notable events in the UK and the USA. The findings show that domestic laws of these countries cover the matter sufficiently. However, the question of whether the regulation should fall under international regulation can unfortunately not be answered with confidence as it would require a test-case of a situation where an oil spill affects multiple littoral states.展开更多
China May Halt Purchase of Vale Iton Ore China has warned that it will stop buying iron ore from Vale if the Brazilian mining company insists on a price hike. In September, Vale asked to raise its contractual iron or...China May Halt Purchase of Vale Iton Ore China has warned that it will stop buying iron ore from Vale if the Brazilian mining company insists on a price hike. In September, Vale asked to raise its contractual iron ore prices from Asian miners and stopped loading iron ore,展开更多
文摘Offshore oil and gas exploration and production comes with risk of release of hydrocarbons in to sea. Today, the probability of such an event is relatively low, but the consequences are nevertheless significant and can cover a vast geographical area. As such, it raises the question as to whether liability and compensation in oil ＆ gas related incidents should be covered under international law. Current international legislation addresses the issue mainly in terms of shipping. This paper attempts to shed light on the topic in relation to oil and gas exploration whilst investigating notable events in the UK and the USA. The findings show that domestic laws of these countries cover the matter sufficiently. However, the question of whether the regulation should fall under international regulation can unfortunately not be answered with confidence as it would require a test-case of a situation where an oil spill affects multiple littoral states.
文摘China May Halt Purchase of Vale Iton Ore China has warned that it will stop buying iron ore from Vale if the Brazilian mining company insists on a price hike. In September, Vale asked to raise its contractual iron ore prices from Asian miners and stopped loading iron ore,
