International law regulation of offshore oil and gas exploitation |
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Affiliation: | 2. National Fuel Gas, Williamsville, NY, United States |
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Abstract: | In the current scenario, the exploitation of oil and natural gas deposits on and offshore still represents the most significant global energy needs. For decades, offshore hydrocarbon resources have been explored and exploited among the traditional commercial uses of coastal continental shelter. However, this activity presents considerable potential threats to the marine environment. Surprisingly, a global multilateral environment does not govern the offshore gas and oil sectors, although public international and regional law rules are generally applicable. The maritime oil & gas industry is instead regulated primarily by national legislation. Besides, it is subject to a mostly independent sector, which traditionally uses its contractual solutions in a capital-intensive industry. This paper aims to give an innovative Support Vector Machine (SVM) approach to discuss the unique regulatory framework on amplitude (2012L), frequency (28 Hz), velocity (6325 m/s), line curvature (0.62), polarity (3.2), layer thickness (25 mm) in the industry when compared to other methods. |
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