Oil and Gas Law with Dissertation LLM

This compulsory course provides students from diverse legal and educational backgrounds with a common understanding of the core research, analytical, and writing skills which would be required to excel in LLM-Taught courses. It commences with a few lectures and progresses to working within smaller groups in a workshop environment and finally to the submission of an individual assignment. It also incorporates elements such as library workshops to provide students with hands-on experience with the resources available for course and dissertation work.

The course examines the relationship between law, energy and natural resources, ethics, governance and development at the national and international levels on the one hand and variable developmental outcomes, particularly the resource curse phenomenon, on the other hand. The course then proceeds to apply advanced academic and experiential knowledge to formulate the fundamentals for overarching legal frameworks that will enable the good exploitation and development of energy and natural resources, thereby producing enduring benefits for all key stakeholders.

With only limited exceptions hydrocarbons lie in the ownership or control of states, but are frequently explored for and produced by commercial actors. This course considers the means by which the state controls exploitation of its oil and gas reserves. Following a number of introductory lectures, students will participate in interactive seminars considering topics such as: energy security; licensing; upstream taxation; health, safety and environmental regulation; and international maritime boundaries and joint development. This course is available to students registering for the LLM Oil and Gas Law programmes (Dissertation or Professional Skills).

Students will explore the law and regulation which is relevant to innovation across the energy sector (taken in its widest sense). We will consider intellectual property, UNFCCC and Kyoto Protocol, government initiatives, competition, human rights, and oil and gas licensing. We will focus on the impact of these fields on business, reward, sharing, sustainable growth, energy security, and the relationship between private rights, raw materials and the wider public interest. Sessions will be interactive and you need not have studied any of these fields before – although we will move quickly. Assessment is by essay, exam and group presentation.

A good knowledge and understanding of the commercial purpose and key features of the principal contracts used in the oil and gas industry is essential for an oil and gas lawyer. This course will examine the contracts entered into between the state and the commercial actors involved in the exploration for and production of oil an gas and the contracts entered into between the oil companies themselves, and those between oil and gas companies and the contractors making up the supply chain. The course will be taught by means of a mix of lectures, seminars and interactive workshops.

Corporate environmental liability is a significant area of concern not only for those corporations engaged in activities which exhibit environmental risk but society as whole. An efficient, effective liability regime must be present to ensure that corporations do not shirk their financial liabilities. The course draws attention to the conflicting goals of corporate law (i.e. the limitation of liability) and environmental law (i.e. ensuring that polluters pay for damage caused) and encourages students to consider and develop solutions to this problem. Whilst the course focuses on EU environmental law, many of the concepts covered are relevant to other jurisdictions.

This course undertakes a study of unconventional sources of petroleum. utilising the seminar method of learning, where practical, real-life examples are used, this course will enable students to explore the key legal and environmental issues related to the development and transport of unconventional hydrocarbons.

The complex interaction between investment protection and the sovereign right of states to regulate has been most acute in the energy sector. On the one hand, investors require strong guarantees that states will respect the “rules of the game” that constitute the basis of their investments. On the other, states can be tempted to interfere with foreign energy investments because of their particular strategic and social importance. This course aims to analyse if existing investment disciplines are adapted to the specific regulatory risks that investors face in the energy landscape of the 21st Century.

The legal framework for exploring for and producing hydrocarbons can be dynamic and complex. A number of layers are further added to the complexity through developing systems for ensuring an appropriate flow of revenue to the state. Many of these systems are extremely complex, and often ‘the devil is in the detail’: it is the precise terms of any legal arrangement that determine the balance of revenues between the state and the investor.

The supply of electricity and natural gas – as network-related industries – presents specific regulatory challenges. These challenges are of particular importance in the context of the liberalisation of these sectors, i.e. the restructuring of these industries from monopolies to competitive markets. Will liberalised electricity and gas markets ensure security and reliability of energy supply? Will consumers be adequately protected against potential abusive behaviour of dominant market players? Is liberalisation compatible with the objectives of decarbonisation and environmental protection? The purpose of this course is to explore the law and policy framework governing energy supply in a liberalised market environment.

Between May and mid-August students prepare a 10,000 word dissertation on a topic of their choice related to their specialist LLM programme. Students are instructed through the delivery of a preparatory lecture, two supervisory meetings and a two hour dissertation planning workshop in a small group setting. Students are expected to spend considerable time on independent research throughout the course of the dissertation module, including; preparation of dissertation plan, amendment of plan in accordance with supervisory comments, preparation for the dissertation workshop, and, of course, in the final 10,000 word dissertation itself.