NSTA issues warning on thousands of late payments, but £5bn of supply chain opportunities in the pipeline
North Sea operators have been told to improve after new figures exposed the number of invoices that are not being paid on time.
Andy Samuel
CCS offers ‘more bang for buck’ than electrification on net zero, says Harbour CEO
Harbour Energy’s chief executive Linda Cook said carbon capture and storage (CCS) offers greater impact for reaching net zero goals, as the regulator announces plans for its first carbon storage licensing round.
NSTA moots new North Sea exploration target in revised five-year strategy
The North Sea Transition Authority’s (NSTA) latest strategy update suggests it plans to continue holding licence rounds in accordance with the government’s climate compatibility checkpoint.
Harbour Energy CEO and rebranded regulator to headline OEUK conference
The chief executive of Harbour Energy and the head of the recently-rebranded North Sea Transition Authority will headline a major industry conference next month.
UK Government plans ‘accelerators’ for new North Sea projects
The UK Government has announced plans for regulatory “accelerators" which it claimed could shave "years off” development time for new oil and gas projects in the North Sea.
Op-ed: Andy Samuel on the OGA becoming the North Sea Transition Authority
April Fools’ Day is nearly here but jokes and pranks will be far from people’s minds.
North Sea regulator OGA in rebrand – and confirms plans for new licensing round
The North Sea regulator, the Oil and Gas Authority (OGA), has become the latest industry institution to rebrand in a shift towards cleaner energies.
North Sea flaring fell to lowest level on record last year
Flaring in the UK North Sea fell by 19% in 2021, building on a 22% decrease the previous year, new analysis shows.
OGA chief executive to step down after 8 years at the helm
The Oil and Gas Authority (OGA) has confirmed its chief executive will step down at the end of the year.
OGA names winners of £1m platform electrification competition
A trio of projects have won a share of a £1 million pound prize in order to advance platform electrification in the North Sea.
Harbour Energy wins CCS storage licence for V Net Zero
The Oil and Gas Authority (OGA) has granted Harbour Energy (LON:HBR) a carbon capture and storage (CCS) licence for its V Net Zero project in the Humber.
OGA frustrated by oil firms ‘mucking around’ in disputes amid climate crisis
The chief executive of the OGA has said he is frustrated by companies “mucking around in commercial disputes” while a climate emergency is ongoing.
Oil veteran Gunther Newcombe recognised in New Year Honours list
Oil industry stalwart Gunther Newcombe has been recognised in the Queen’s New Year Honours list.
OGA submits revised strategy to UK Parliament obliging industry to support net zero
The Oil and Gas Authority (OGA) has today submitted a document to the UK Parliament, obliging the industry to support net zero targets.
OGA plans year-long trial to tackle ‘bugbear’ late payments for North Sea suppliers
The Oil and Gas Authority (OGA) is planning a year-long trial to tackle the “bugbear” of late payments for North Sea suppliers.
Dolphyn hydrogen project shows energy transition ‘in real time’ for Aberdeen
When developer ERM decided Aberdeen would be the home for Dolphyn, its world-first floating green hydrogen project, it said “it will put Aberdeen on the map”.
OGA defends BP-Aberdeen scheme against ‘PR Coup’ accusation
The Oil and Gas Authority (OGA) has defended the BP – Aberdeen net zero partnership against a claim it may be a “PR coup”.
Oil and gas sector deal proposal to be submitted to UK Government next month
The formal proposal for an oil and gas sector deal will be submitted to the UK government next month.
OGA unveils plans to force operators to meet government’s net zero goals
The UK’s oil regulator has unveiled plans to force North Sea operators to meet the government’s 2050 net zero goals.
Energy transition can be ‘crucial pathway out of the downturn’ says OGA chief
New investment in the energy transition can be a “crucial pathway” out of the latest downturn for North Sea firms, according to the head of the Oil and Gas Authority (OGA).
‘Uncharted waters’ for North Sea, but downturn could be ‘catalyst for change’
A senior audit and assurance partner at Deloitte said the downturn could be a “catalyst” for change, but oil firms are first taking steps to survive the “uncharted waters”.
North Sea oil firms face demanding near-term carbon target
A group of UK North Sea oil and natural gas producers face an ambitious government-mandated target to cut their emissions as soon as 2025 as the nation seeks to make more real its ambition for net-zero fossil fuel pollution by the middle of the century.
Aberdeen ‘energy transition park’ and net zero should ‘feature heavily’ in oil sector deal – OGA boss
Proposals for an Aberdeen energy transition park, along with a host of net zero solutions, should be at the “heart” of an incoming sector deal, according to the head of the Oil and Gas Authority (OGA).
Climate emergency ‘even more pressing challenge’ for North Sea than 2014 oil downturn
The climate emergency is an “even more pressing challenge” for the industry than the 2014 downturn according to the Oil and Gas Authority’s (OGA) chief executive.
OGA not yet exercised £1million sanctioning powers despite ‘internal debates’
Chief executive Andy Samuel has confirmed the Oil and Gas Authority has not yet needed to exercise its sanctioning powers despite ‘internal debates” on whether the regulator is being stringent enough.