Offshore oil and gas companies should include information on the effects of their operations on the climate in their financial reports to address investors’ concerns, said the Oil and Gas Authority (OGA). Figures for flaring and venting emissions, alongside scope 1 & 2 emissions, health and safety statistics, fugitive methane emissions, air and water pollution […]
ESG
OGA investigates possible breach of licence
The Oil and Gas Authority (OGA) said it had opened an investigation into a possible breach of reporting requirements under a licence. The investigation follows an enquiry which concluded that there was sufficient evidence of a breach to go ahead. OGA said it would gather and assess further information to enable the authority to reach a decision. The company involved will be offered the opportunity to provide […]
OGA monitors compliance with net zero strategy
The Oil and Gas Authority (OGA) said it will monitor companies to ensure they are abiding by its revised strategy outlining net zero obligations. The strategy, which is now in force, reflects the energy transition and includes a range of obligations on companies in the industry. These cover increasing efforts to reduce production emissions, support […]
Hummingbird sets out 2021 ES projects for Mali
Hummingbird Resources plc said it would continue to adhere to the World Gold Council (WGC)’s, Responsible Gold Mining Principles (RGMPs) as the company also outlined its Mali community projects for 2021. The junior gold miner added it would also look at its tailings facility and work practices to comply with environmental, social and governance (ESG) standards. […]
OGA warns companies failing to comply with rules
The Oil and Gas Authority (OGA) said that a minority of companies still needed to improve standards to match those of the majority and warned it would take enforcement action if problems persist. The warning comes after OGA reported in September 2020 that the volume of gas flared and vented in offshore upstream oil and […]
OGA tells operators to reduce flaring-venting
Greenhouse gases from oil and gas flaring and venting on the UK Continental Shelf need to be further reduced, said the Oil and Gas Authority (OGA). Although some operators have lowered emissions, the volume of gas flared and vented in oil and gas production last year was equivalent to 3% of all the natural gas […]