The chapter reviews the use of local content requirements (LCRs) in the Norwegian oil and gas legislation . Looking at the evolution of the regulation of LCRs over time and structured around two main phases , it identifies some best practice in terms of sustainability. In the primary phase of the development of the Norwegian petroleum sector (1970s to mid-1990s), the national legislation included explicit LCRs. The chapter provides a categorisation of the different forms of LCRs practised at that time under Norwegian law. In the second phase, the use of LCRs has been constrained by the obligations deriving from the entry into force of the European Economic Area (EEA) Agreement in 1994 (including the Licensing Directive 94/22/EC and internal market rules), and the application of the relevant WTO Agreements after Norway joined the WTO in 1995 (TRIMs agreement, GATS). Norway has also entered into a series of Bilateral Investment Treaties (BITs) which can restrain the country’s ability to
New book publication: "The Regulation of Decommissioning, Abandonment and Reuse Initiatives in the Oil and Gas Industry: From Obligation to Opportunities"
This new edited volume by A. Wawryk, H. Trischmann, C. Banet, E. Pereira and K. Hall has just been published: " The Regulation of Decommissining, Abandament and Reuse Initiatives in the Oil and Gas Industry: From Obligation to Opportunities " (Wolters Kluwer, August 2020) Overview The book gives a comprehensive description and critique of the key issues that must be addressed by nations, and of the current international, regional, and national law and policy in this field. With thousands of offshore oil and gas platforms in place across the globe, the decommissioning of these ageing installations is becoming of increasing concern to regulators, industry and other stakeholders in the marine environment. This book elucidates current initiatives aimed at maximising reuse and repurposing opportunities, such as wind power, hydrogen, carbon capture, and storage by analysing the relevant law and practices of selected oil- and gas-producing nations. Capitalising on the good decommiss