Preheat the oven to 350 degrees Fahrenheit and line a cookie sheet with parchment paper. Set it aside.

In a medium-sized bowl, whisk together the flour, baking soda, baking powder, salt, hazelnuts, and oats until well blended. Set aside. In a large bowl, mix together the brown and granulated sugars, nutella, and butter in an electric mixer on medium speed with the paddle attachment for 1 minute, then add the egg and continue mixing until the mixture just begins to look smooth and fluffed. Add the honey, vanilla extract, and hazelnut extract and mix until blended. Turn the speed down to low and add in the dry oatmeal mixture, mixing until it is just incorporated.

Turn off the mixer and stir in the chocolate chips. Use a tablespoon to scoop out the dough and place it on the parchment paper-lined cookie sheet, leaving at least 3 inches of space between dough mounds so they can spread when they bake.

Place the cookie sheet in the oven and bake for 8-10 minutes, or until the cookies just begin to turn lightly golden brown around the edges. Remove and allow the cookies to cool on a wire rack. Serve immediately, and cover any leftover cookies with plastic wrap to keep them nice and fresh!