State Control of Oil and Gas

State Control of Oil and Gas
MMH227087  Environmental Regulation and State Control of Oil and Gas
Coursework 1 Brief
Submit this coursework through the Student Portal with a Turn-it-in  Report
 Word Limit: 2500 (Plus or minus 10%)
Learning outcomes assessed: LO 1 and 2
At the end of a module students will be expected to be able to:
1. An enhanced understanding of the legal relationship between the State and the Oil & Gas Industry.
2. A comprehensive understanding of the statutory background to the environmental regulation of the industry.
3. The ability to critically analyse the conflicting interests of various parties on hydrocarbon reserves.
4. The ability to critically appreciate the non-contractual legal issues that regulate the Oil & Gas Industry.
This Coursework is worth 50% of the total marks for this Module.
Assignment Brief
Enhancing Understanding of the Legal Relationship between the State and the Oil & Gas Industry – A Comprehensive Understanding of the  Statutory Background to the Environmental Regulation and Measures for  Sustainable Energy Development
 Background and Context
Energy (and most importantly oil and gas) is needed to improve productivity and the living standards of the populations (Olaniyi, 2008). It has played a prominent role in the promotion of economic growth via industrialisation and exportation of manufactured goods (Nijkamp and Volwahsen 1990). Energy is not used for its own sake but as a means to many ends in the provision of food, shelter and in the production of other goods and services (Olaniyi, 2008). It is an essential input to agricultural produce, transportation, commerce, industry, domestic sector etc.
The provision of energy services through the combustion of fossil fuels (predominantly, oil and gas) and biomass contributes adversely to environmental degradation of land, air and water. The world as a whole and the Global South (GS) (Developing Economy) has reached a stage at which energy demand growths are resulting in the rapid depletion of finite fossil energy resources.
Naturally occurring Green House Gases (GHG) such as carbon dioxide, methane, oxides of nitrogen and ozone concentration in the atmosphere had significantly increased in recent times, mainly by global anthropogenic activities. Environmental degradation such as air pollution, acid rain contributes adversely to global climate change (Nwankwo, 2022). There is an urgent need on a global scale to stabilise the GHG concentrations in the atmosphere. Ironically, oilendowed GS fervently argued for ‘phasedown’ including loss and damage recently at the recent COPs. It is strongly anticipated that enhanced understanding of the legal relationship between the State and the Oil & Gas industry inclusive of the statutory background will define the environmental regulation and measures needed for sustainable energy development.  Assignment Task – Assessing Learning Outcome 1 and 2
Using the preamble noted above, conduct a thorough review of literature and explore an enhanced understanding of the legal relationship between the State and the Oil & Gas Industry inclusive of the statutory background to the environmental regulation and measures in the pursuit for sustainable development to the Senior Management Team of Exergy Vision (SMT EV).
Produce a Report of NOT more than 2,500 words (excluding references and appendices). Student should note that other reference materials should be included in the appendix.
Guidance to Students on Coursework Grading (50% Overall):
  a. Briefly give an overview of a chosen State by describing the Oil and Gas (O&G) industry settings – inclusive of the historical perspective in the form of synthesised data and visualised information. (15 marks)
b. Detail the principal underlying legislations and regulations at national levels with reference to how the State regulates the O&G industry settings in your chosen state or case. (25 marks)
  c. Synthesise and demonstrate understanding by identifying and assessing the impediments in the regulatory settings that might prevent the State from achieving sustainable development of O&G. (25 marks)
d. Given the impediments noted in c) above, propose regulatory measures (backed up with evidence from elsewhere) that the State should adopt in achieving sustainable development of O&G – taking a holistic (systemic) approach. (25 marks)
e. Summarise and conclude your findings and confidence in your submission to the SMT at EV. (10 marks)
End of Coursework Brief

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