Legal News

Revised Oil and Gas Authority strategy comes into force

Published on: 11 February 2021
Published by LNB News

LNB News 11/02/2021

Document Information

Issue Date: 11 February 2021

Published Date: 11 February 2021

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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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