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Talus, Kim --- "Oil and gas: International petroleum regulation" [2016] ELECD 1343; in Morgera, Elisa; Kulovesi, Kati (eds), "Research Handbook on International Law and Natural Resources" (Edward Elgar Publishing, 2016) 243

Book Title: Research Handbook on International Law and Natural Resources

Editor(s): Morgera, Elisa; Kulovesi, Kati

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781783478323

Section: Chapter 12

Section Title: Oil and gas: International petroleum regulation

Author(s): Talus, Kim

Number of pages: 18

Abstract/Description:

Given the international character of oil and gas markets, market participants and investments in this area, legislative, regulatory and contractual solutions have to follow. Internationalization of national upstream regulations, influence of public international law, international standards and models for private contracts and international industry standards are all evidence that this internationalization has, and still is, taking place. The objective of this chapter on ‘International Petroleum Regulation’ is to provide an overview of upstream oil and gas sector and its regulation at international level. In addition to discussing the relevant norms of international law and examining their impact in this area, the chapter also examines the process of internationalization of national solutions in this area. Similarly, in addition to hard law instruments, the chapter also provides for discussion on the existence and role of soft law instruments in the upstream oil and gas sector.