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 […]
Tag: Oil and Gas Authority (OGA)
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 […]
IOG accepts new gas licences with ‘good synergies’
Independent Oil and Gas plc (IOG) said it saw good synergies from its new gas licences in the UK Southern North Sea (SNS). LICENCES During 2020, the production and infrastructure company conducted 3D seismic reprocessing over its UK SNS portfolio covering more than 1,200km². Areas include P2085 (Harvey) and P2441 (Redwell) licences accepted by the […]
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 […]
UK oil and gas supply chain needs energy transition deals
The UK’s oil and gas sector had a unique role to play in the energy transition but commercial opportunities also had to be created, said members of an industry task force. Director with the Oil and Gas Authority (OGA) Stuart Payne and Petrofac COO John Pearson set out their ideas on how the industry could […]