Consultation Outcome: Proposals on new carbon storage data powers

Between January and March 2023, the North Sea Transition Authority (NSTA) sought views from the UK oil and gas and carbon storage industries on information and sample related matters in Carbon Dioxide Appraisal and Storage and Petroleum Licences, and the principle of...

Department for Energy Security and Net Zero has been created as former Department for Business, Energy and Industrial Strategy is split into three

On 7th of February 2023, the Prime Minister, with the approval of His Majesty The King, created 4 new departments. Three of these departments have been formed as a result of the separation of the former Department for Business, Energy and Industrial Strategy (BEIS): A...

Energy Security Bill – Additional Policy Statements

The Department for Business, Energy and Industrial Strategy (BEIS) has published a number of new policy statements relating to the Energy Security Bill which was introduced to Parliament on 6th July 2022. (See also: previous news item in Dec 2022). The following are...

Operators fined total of £265,000 as NSTA moves to enforce net zero and security of supply requirements

Three operators have been fined a total of £265,000 as the North Sea Transition Authority (NSTA) cracks down on behaviour that risks the industry’s drive to cut emissions and bolster the UK’s energy security. All three companies have cooperated fully with the NSTA’s...

Bacton could provide decades of clean energy for up to 20 million homes and businesses

A Business Opportunity Report on Bacton Energy Hub has been published by the Bacton Energy Hub Special Interest Groups (which includes the North Sea Transition Authority). The Bacton Energy Hub (BEH), a Carbon Capture and Storage (CCS) hydrogen project, located on the...

Oil and gas industry leaders and government met for discussion on energy security, net zero and investment

Industry bodies, representatives from the Department for Business, Energy and Industrial Strategy (BEIS), the Treasury and the Scottish Government attended the North Sea Transition Forum in London hosted by the North Sea Transition Authority (NSTA) which took place on...

Probe launched amid ongoing flaring and venting crackdown

An investigation has been launched into an oil and gas company for flaring and venting in the North Sea without consent. The probe by the North Sea Transition Authority (NSTA) could result in action being taken, including a fine for the company or up to the relevant...

North Sea Transition Authority (NSTA) introduces new decommissioning cost target

The North Sea industry has made great strides cutting the overall cost estimate for decommissioning, by 25%, or £15 billion, since the start of 2017, but it can go further. The NSTA is challenging the sector to build on its strong progress by lowering the total...