Article summary
The Oil and Gas Authority (OGA) has announced that its revised strategy has come into force on 11 February 2021. The strategy reflects the ongoing energy transition and features various net zero obligations on the oil and gas industry. This includes increasing efforts to reduce production emissions, supporting carbon capture and storage projects and unlocking clean hydrogen production. The strategy also encourages co-operation between the industry and supply chain and increases the OGA monitoring to ensure carbon costs are considered in regulatory decisions.
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