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Petroleum Act 1987
The Petroleum Act 1987 (1987 chapter 12) is an Act of the Parliament of the United Kingdom which updates the arrangements for regulating offshore installations and their operation. In particular it makes provisions for the licensing and the safe and orderly abandonment of installations and submarine pipelines. Background The cost of totally removing all existing offshore installations on the UK continental shelf was estimated, in 1984, to be £6 billion (1984 prices). The government hoped that costs could be saved by allowing the partial, rather than the total, removal of installations. It was necessary that an appropriate framework should be in place to set standards for the removal operations. Apart from the interests of oil companies there were those of fishermen and mariners, the UK's obligations under international law and the interests of the taxpayer. The responsibility for removal rested with the owners of an installation or pipeline. There should be criminal offences ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Act Of Parliament
Acts of Parliament, sometimes referred to as primary legislation, are texts of law passed by the Legislature, legislative body of a jurisdiction (often a parliament or council). In most countries with a parliamentary system of government, acts of parliament begin as a Bill (law), bill, which the legislature votes on. Depending on the structure of government, this text may then be subject to assent or approval from the Executive (government), executive branch. Bills A draft act of parliament is known as a Bill (proposed law), bill. In other words, a bill is a proposed law that needs to be discussed in the parliament before it can become a law. In territories with a Westminster system, most bills that have any possibility of becoming law are introduced into parliament by the government. This will usually happen following the publication of a "white paper", setting out the issues and the way in which the proposed new law is intended to deal with them. A bill may also be introduced in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament Of The United Kingdom
The Parliament of the United Kingdom is the supreme legislative body of the United Kingdom, the Crown Dependencies and the British Overseas Territories. It meets at the Palace of Westminster, London. It alone possesses legislative supremacy and thereby ultimate power over all other political bodies in the UK and the overseas territories. Parliament is bicameral but has three parts, consisting of the sovereign ( King-in-Parliament), the House of Lords, and the House of Commons (the primary chamber). In theory, power is officially vested in the King-in-Parliament. However, the Crown normally acts on the advice of the prime minister, and the powers of the House of Lords are limited to only delaying legislation; thus power is ''de facto'' vested in the House of Commons. The House of Commons is an elected chamber with elections to 650 single-member constituencies held at least every five years under the first-past-the-post system. By constitutional convention, all governme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Offshore Installation Security
Offshore installation security is the protection of maritime installations from intentional harm. As part of general maritime security, offshore installation security is defined as the installation's ability to combat unauthorized acts designed to cause intentional harm to the installation.ISO (September 2007),ISO 28000:2007 pg. 2, Retrieved May 25, 2019Cordner, L. (2018). Maritime Security Risks, Vulnerabilities and Cooperation: Uncertainty in the Indian Ocean. New South Wales, AUS: palgrave macmillan The security of offshore installations is vital as not only may a threat result in personal, economic, and financial losses, but it also concerns the strategic aspects of the petroleum market and geopolitics.BP (June 2018)BP Statistical Review of World Energy 67th Edition. Retrieved 24 May 2019 Offshore installations refer to offshore platforms, oil platforms, and various types of offshore drilling rigs. It also is a general term for mobile and fixed maritime structures which inc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom Continental Shelf
The UK Continental Shelf (UKCS) is the region of waters surrounding the United Kingdom, in which the country has mineral rights. The UK continental shelf includes parts of the North Sea, the North Atlantic, the Irish Sea and the English Channel; the area includes large resources of oil and gas. The UK continental shelf is bordered by Norway, Denmark, Germany, the Netherlands, Belgium, France, and the Republic of Ireland. A median line, setting out the domains of each of these nations, was established by mutual agreement between them: - see the Continental Shelf Act 1964. Responsibility for the mineral rights of the UKCS rests with the Oil and Gas Authority part of Department for Business, Energy and Industrial Strategy (BEIS), which awards licences to oil companies to produce hydrocarbons from specific areas and regulates how much they can produce over what period. The UKCS is divided into numbered rectangular Quadrants, each one degree of latitude by one degree of longitude.{{Ci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statutory Instrument
In many countries, a statutory instrument is a form of delegated legislation. United Kingdom Statutory instruments are the principal form of delegated or secondary legislation in the United Kingdom. National government Statutory instruments (or 'regulations') are primarily governed by the Statutory Instruments Act 1946, which replaced the system of statutory rules and orders governed by the Rules Publication Act 1893. Following the 2016 EU membership referendum and the subsequent publication of the European Union (Withdrawal) Bill, there has been concern that its powers enabling ministers to issue statutory instruments under the bill may enable the government to bypass Parliament. Although this has been criticised by some as being undemocratic, draft regulations must be "laid before" Parliament, which may always demand a full debate on contentious issues. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Assent
Royal assent is the method by which a monarch formally approves an act of the legislature, either directly or through an official acting on the monarch's behalf. In some jurisdictions, royal assent is equivalent to promulgation, while in others that is a separate step. Under a modern constitutional monarchy, royal assent is considered little more than a formality. Even in nations such as the United Kingdom, Norway, the Netherlands, Liechtenstein and Monaco which still, in theory, permit their monarch to withhold assent to laws, the monarch almost never does so, except in a dire political emergency or on advice of government. While the power to veto by withholding royal assent was once exercised often by European monarchs, such an occurrence has been very rare since the eighteenth century. Royal assent is typically associated with elaborate ceremony. In the United Kingdom the Sovereign may appear personally in the House of Lords or may appoint Lords Commissioners, who announce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Piper Alpha
Piper Alpha was an oil platform located in the North Sea approximately north-east of Aberdeen, Scotland. It was operated by Occidental Petroleum (Caledonia) Limited (OPCAL) and began production in 1976, initially as an oil-only platform but later converted to add gas production. Piper Alpha exploded and sank on 6 July 1988, killing 165 of the men on board, 30 of whose bodies were never recovered, as well as a further two rescue workers after their rescue vessel, which had been trapped in debris and immobilized, was destroyed by the disintegrating rig. Sixty-one workers escaped and survived. The total insured loss was about £1.7 billion (£ billion in ), making it one of the costliest man-made catastrophes ever. At the time of the disaster, the platform accounted for approximately 10% of North Sea oil and gas production. The accident is the world's worst offshore oil disaster in terms of lives lost and industry impact. The Inquiry blamed it on inadequate maintenance and safet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Act 1998
The Petroleum Act 1998 is an Act of the Parliament of the United Kingdom which consolidated arrangements for the licensing, operation and abandonment of offshore installations and pipelines. As a consolidation Act, it did not change the substantive law, although certain Acts were amended and repealed. Background This was a consolidation Act which brought together a number of enactments on petroleum. It dealt with rights and licences to search for and get petroleum; the application of criminal and civil law to offshore activities; authorisations for submarine pipelines; and the decommissioning of offshore installations and pipelines. The main Acts which were to be consolidated were the Petroleum (Production) Act 1934; the Petroleum and Submarine Pipelines Act 1975; the Oil and Gas (Enterprise) Act 1982; and the Petroleum Act 1987, Parts I and II. The Act vested all rights to the UK’s petroleum resources in the Crown; a right first established by the Petroleum Production Act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil And Gas Industry In The United Kingdom
The oil and gas industry plays a central role in the economy of the United Kingdom. Oil and gas account for more than three-quarters of the UK's total primary energy needs. Oil provides 97 per cent of the fuel for transport, and gas is a key fuel for heating and electricity generation. Transport, heating and electricity each account for about one-third of the UK's primary energy needs. Oil and gas are also major feedstocks for the petrochemicals industries producing pharmaceuticals, plastics, cosmetics and domestic appliances. Although UK Continental Shelf production peaked in 1999, in 2016 the sector produced 62,906,000 cubic metres of oil and gas, meeting more than half of the UK's oil and gas needs. There could be up to 3.18 billion cubic metres of oil and gas still to recover from the UK's offshore fields. In 2017, capital investment in the UK offshore oil and gas industry was £5.6 billion. Since 1970 the industry has paid almost £330 billion in production tax. About 280,000 j ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North Sea Oil
North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea. In the petroleum industry, the term "North Sea" often includes areas such as the Norwegian Sea and the area known as "West of Shetland", "the Atlantic Frontier" or "the Atlantic Margin" that is not geographically part of the North Sea. Brent crude is still used today as a standard benchmark for pricing oil, although the contract now refers to a blend of oils from fields in the northern North Sea. From the 1960s to 2014 it was reported that 42 billion barrels of oil equivalent (BOE) had been extracted from the North Sea since when production began, and there is still a potential of 24 billion BOE left remaining there, which is equivalent to about 35 years worth of production, the North Sea will remain as an important petroleum reservoir for years to come. History 1851–1963 Commercial extraction of oil on the shores of the North Sea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Act
Petroleum Act (with its variations) is a stock short title used internationally for legislation relating to petroleum. List Bahamas * The Petroleum Act 1971 Bangladesh * The Petroleum Act 1934 India * The Petroleum Act 1934 Iran * The Petroleum Act 1987 Ireland * The Petroleum and Other Minerals Development Act 1960 Jamaica * The Petroleum Act 1979 Kenya * The Petroleum Act 2019 Malawi * The Petroleum (Exploration and Production) Act 1984 Malaysia *The Petroleum Development Act 1974 *The Petroleum and Electricity (Control of Supplies) Act 1974 *The Petroleum (Income Tax) Act 1967 *The Petroleum Mining Act 1966 *The Petroleum (Safety Measures) Act 1984 New Zealand * The Petroleum Act 1937 Nigeria * The Petroleum Act 1969 Norway * The Petroleum Act 1996 Thailand * The Petroleum Act 1971 Trinidad and Tobago * The Petroleum Act 1969 United Kingdom *The Petroleum Act 1998 (c 17) *The Petroleum Royalties (Relief) and Continental S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
