Legal Aspects of Oil & Gas

Legal Aspects of Oil & GasYOUR WORK MUST BE SUBMITTED VIA THE STUDENT PORTAL. HARD COPY OR EMAIL SUBMISSION WILL NOT BE MARKED.Deadline date for submission:5.00 pm on Monday, 13th April 2015Learning outcomes to be examined in this assessment (please note that this is not the assessment task) ? Demonstrate a good understanding of the substantive rules of international law applicable to the oil and gas industry? Evaluate the key principles of contract formation in international commercial transactions and key international law principles and trends in the oil and gas sector? Assess the effectiveness of international law in addressing the environmental impact of oil exploration and exploitation? Demonstrate a critical understanding of the importance of oil and gas law as a distinct subject, studied in a practical and commercial context.Knowledge and understanding: Demonstration of detailed knowledge of the legal framework of oil and gas industry and the implications of national, regional and international law.Cognitive/intellectual skills: Ability to analyse a range of information and to synthesise ideas, selecting appropriate techniques of evaluation.Key/Transferable skills: Ability to manage information towards a given purpose and understand the relevance in the analysis of legal problems.Practical skills: Ability to apply given techniques to the solution of particular problems.Percentage of marks awarded for module: This assignment is worth 50% of the total marks for the moduleAssessment Task: An Individual Essay/ReportWhen it comes to allocating and managing risks in the Oil & Gas Industry, there are several ways in which both the host country and the international oil companies manage this. Discuss the different ways in which this is managed by the parties in a Product Sharing Agreement and comment on whether the status quo is satisfactory.You must support your answer with relevant and appropriate examples.Assessment criteria Explanatory comments on the assessment criteria Maximum marks for each sectionContent, style, relevance and originality ? Relevant, accurate content, demonstrating research, as required by the assessment task.? Clearly evaluates social media usage by businesses? Specific to e-commerce companies.? Great emphasis will be placed on originality ? work that is clearly student?s own. 40%Constructive critical analysis ? Demonstrates the ability to critically analyse and/or evaluate the use of social media by e-commerce companies.? Demonstrates that you have consulted widely ? using appropriate sources and examples to substantiate your arguments.? Application of relevant academic models should be evident but not necessarily explicit.? Provides alternative views on the usefulness of social media in online businesses. 30%Overall structure ? Coherent structure, presented in a report format, utilising headings as appropriate; should include a title page and clear table of content. 10%Introduction and conclusion ? Clear triangulation of introduction, discussions and conclusion.? Introduces issue(s) for further exploration. 10%Referencing style ? Full in-text referencing using the Harvard citation style.? Structured reference list or bibliography using the Harvard referencing method. 10%Assignment outlineThe task is an individual essay and must be presented in an essay format as per the stated word count above. It is important that your essay or report is properly structured. Also, as this is an academic paper, you should draw on contemporary literature to support your paper. Remember that this individual essay accounts for 50% of your module assessment. Hence, bad performance will have a big impact on this module.Your essay should include references to the appropriate literature (textbooks, journals and websites). Care should be taken when consulting websites as they are not all equally authoritative (for example Wikipedia is not peer-reviewed; therefore is not considered an academic reference website). A minimum of 5 different academic references must be cited, but a well-researched essay/report is likely to cite many more.You are advised to keep a backup copy of the essay until you receive your grade and regularly back-up your work in the cloud (SkyDrive, iCloud, Dropbox and GoogleDrive are good examples). A disk crash is not an acceptable reason for late submission.

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