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What is Oil and Gas Authority mean?
The Oil and Gas Authority’s role is to take the steps necessary to:a. secure that the maximum value of economically recoverable petroleum is recovered from the strata beneath relevant UK waters; and, in doing so,b. take appropriate steps to assist the Secretary of State in meeting the net zero target, including by reducing as far as reasonable in the circumstances greenhouse gas emissions from sources such as flaring and venting and power generation, and supporting carbon capture and storage projects. Established in April 2015 as an executive agency of the Department for Business, Energy and Industrial Strategy, on 1 October 2016 the OGA was incorporated as a Government Company, with the Secretary of State for Business, Energy and Industrial Strategy the sole shareholder. The OGA's headquarters are in Aberdeen with another office in London, which is also its registered company address. As of the 6 March 2019, Tim Eggar is the chair.
referencePosted on 23 Dec 2024, this text provides information on Miscellaneous in Regional related to Regional. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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