The Hidden Deregulation of Britain's Offshore Oil Industry
AbstractSince 1990, following Lord Cullen's public inquiry into the Piper-Alpha disaster, the oil industry has spent approximately 2.6 billion pounds on safety improvements. The operators have co-operated with governmental authorities in the design of a new regulatory regime, based on the principles of goal- setting and self-regulation. This paper attempts a preliminary assessment of this regulatory system on offshore safety. We review industry responses to successive tranches of regulation, emanating both from the HSE and the European Union, and explore the tensions which have arisen between regulator in regulated industry. Our statistical analysis indicates that there have been no significant improvements in offshore safety conditions following the establishment of the new regulatory regime; a situation which we attribute to the industry's policy of introducing an agenda of hidden deregulation into the post Piper-Alpha reconstruction of offshore regulation.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Centre for Research into Industry, Enterprise, Finance and the Firm in its series CRIEFF Discussion Papers with number 9511.
Date of creation: Oct 1995
Date of revision:
Contact details of provider:
Postal: School of Economics and Finance, University of St. Andrews, Fife KY16 9AL
Phone: 01334 462420
Fax: 01334 462438
Web page: http://crieff.wordpress.com/
More information through EDIRC
Deregulation; Occupational Safety; Law and Economics; Oil Industry;
Find related papers by JEL classification:
- K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
- D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
- L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
- L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
- I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statistics
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bram Boskamp).
If references are entirely missing, you can add them using this form.