2013•OAR@UM (University of Malta)Open access

International Regulation v. National Regulation on Offshore Oil Exploitation - The USA as an Example

Iveta Stefankova

Abstract

The oil sector has historically been highly internationalised as a result of the key position of oil in industrial production. As the oil demand increases, the threat of marine oil pollution due to offshore oil exploitation is here to stay for good. Recent accidents on offshore platforms (United States, 2010; China, 2011; Brazil 2012) have raised many important questions of risk prevention and management regarding the deep and ultra-deep offshore oil production.

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Key concepts: Submarine pipeline, Liability, Business, Crude oil, Oil pollution, Natural resource economics, International trade, Environmental science