The Oil and Gas Authority (OGA) has intervened in a commercial dispute between two operators which has led to the delay of a new North Sea project.
Hague and London Oil (Halo) said today that it had received regulatory consent for its acquisition of Third Energy Offshore.
Hague and London Oil (Halo) has agreed to buy Third Energy Offshore in a move that will beef up its southern North Sea portfolio.
Centrica has said a project by a group of oil and gas companies to unlock small pools in the southern North Sea is progressing at pace.
Third Energy has been awarded two operator licences in the 14th onshore licensing round announced 17 December 2015.