The North Sea Transition Authority said it was investigating an oil and gas company suspected of failing to meet licence obligations designed to stimulate activity in support of the UK’s energy security. SEISMIC SURVEY The regulator will consider whether the company was obliged under the terms of a licence it was awarded in a prior […]
Tag: net zero
NSTA investigates flaring and venting without consent
The North Sea Transition Authority in investigating an oil and gas company for flaring and venting without consent in the North Sea. ENERGY WASTE Possible likely action by the regulator includes a fine or up to the relevant licence being taken away. “Monitoring flaring and venting and reducing emissions are vital parts of the NSTA’s […]
Neptune awarded gold standard for emissions target
Neptune Energy has been awarded Gold Standard status by the United Nation’s Environmental Programme (UNEP), for its plans to reduce methane emissions to net zero by the end of the decade. METHANE The Oil and Gas Methane Partnership 2.0, a voluntary initiative launched by the UNEP, gave the award which was featured in the UN’s […]
JOG shapes its 21st century role with carbon policy
Jersey Oil & Gas plc (JOG) has introduced a carbon policy for operations in its licence areas in the UK North Sea. GREENHOUSE GAS PROTOCOL The company said that a sustainable and lower-carbon energy future was central to its oil and gas operations and management. JOG is targeting net zero emissions from its Greater Buchan […]
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 […]
OGA study of Bacton as possible SNS energy hub
The Oil & Gas Authority (OGA) is looking at the possibility of establishing an energy hub on the Norfolk coast. The industry body has already conducted a preliminary assessment of Bacton and identified it as a key priority area supporting net zero targets and maximising economic recovery from the UK Continental Shelf. The OGA has […]