Liability for Catastrophic Risk in the Oil and Gas Industry

Peter Cameron

Liability for Catastrophic Risk in the Oil and Gas Industry

Peter Cameron

Research output: Contribution to journal › Article › peer-review

Abstract

Discusses the efforts of operators in the oil and gas industry to negotiate contract terms which increase the liability of contractors for catastrophic incidents following the 2010 Macondo oil spill. Reviews the traditional approach to allocation of liability, industry reactions to the post-Macondo litigation which saw regulators attempting to hold the contractors liable, and national regimes governing liability for oil pollution. Examines the current regulatory shortcomings, stakeholders responses to the 2010 disaster, including the insurance implications, and the potential options available.

Original language	English
Pages (from-to)	207-219
Number of pages	12
Journal	International Energy Law Review
Volume	6
Publication status	Published - 2012

Cite this

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abstract = "Discusses the efforts of operators in the oil and gas industry to negotiate contract terms which increase the liability of contractors for catastrophic incidents following the 2010 Macondo oil spill. Reviews the traditional approach to allocation of liability, industry reactions to the post-Macondo litigation which saw regulators attempting to hold the contractors liable, and national regimes governing liability for oil pollution. Examines the current regulatory shortcomings, stakeholders responses to the 2010 disaster, including the insurance implications, and the potential options available.",

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Liability for Catastrophic Risk in the Oil and Gas Industry

Abstract

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