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...

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...

OGA ESG Taskforce recommends enhanced disclosure and investor reporting

Vital climate-related environmental information will be included alongside other key metrics in oil and gas operators and licensees’ financial reports, following a successful cross-industry taskforce. Figures for flaring and venting emissions, alongside scope 1 &...