North Sea Transition Authority (original) (raw)

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The North Sea Transition Authority (NSTA), known as the Oil and Gas Authority (OGA) until March 2022, is a private company limited by shares wholly owned by the Secretary of State for Business, Energy and Industrial Strategy. It is responsible for maximising the economic recovery of oil from the North Sea. It is empowered to license and regulate activity in relation to oil and gas in the United Kingdom, including oil and gas exploration, carbon capture and storage, and offshore gas storage. The NSTA’s role is to take the steps necessary to:

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dbo:abstract The North Sea Transition Authority (NSTA), known as the Oil and Gas Authority (OGA) until March 2022, is a private company limited by shares wholly owned by the Secretary of State for Business, Energy and Industrial Strategy. It is responsible for maximising the economic recovery of oil from the North Sea. It is empowered to license and regulate activity in relation to oil and gas in the United Kingdom, including oil and gas exploration, carbon capture and storage, and offshore gas storage. The NSTA’s role is to take the steps necessary to: 1. * secure that the maximum value of economically recoverable petroleum is recovered from the strata beneath relevant UK waters; and, in doing so, 2. * 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 Oil and Gas Authority was incorporated as a Government Company, with the Secretary of State for Business, Energy and Industrial Strategy the sole shareholder and headquartered 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. (en)
dbo:formerName Oil and Gas Authority Limited (1 July 2015-11 July 2016) (en)
dbo:foundingDate 2015-07-01 (xsd:date)
dbo:foundingYear 2015-01-01 (xsd:gYear)
dbo:headquarter dbr:Scotland dbr:Aberdeen
dbo:keyPerson dbr:Tim_Eggar
dbo:owner dbr:Secretary_of_State_for_Business,_Energy_and_Industrial_Strategy
dbo:owningCompany dbr:Secretary_of_State_for_Business,_Energy_and_Industrial_Strategy
dbo:tradingName North Sea Transition Authority (21 March 2022-present)
dbo:type dbr:Privately_held_company
dbo:wikiPageExternalLink http://www.woodreview.co.uk/ https://www.ogauthority.co.uk/
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dbp:formerName Oil and Gas Authority Limited (en)
dbp:founded 2015-07-01 (xsd:date)
dbp:hqLocation dbr:Scotland dbr:Aberdeen
dbp:keyPeople dbr:Tim_Eggar (en) Andy Samuel (en)
dbp:name Oil and Gas Authority (en)
dbp:owner dbr:Secretary_of_State_for_Business,_Energy_and_Industrial_Strategy
dbp:tradingName 0001-04-24 (xsd:gMonthDay)
dbp:type dbr:Privately_held_company
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dct:subject dbc:Executive_agencies_of_the_United_Kingdom_government dbc:Department_of_Energy_and_Climate_Change dbc:Regulators_of_the_United_Kingdom dbc:Department_for_Business,_Energy_and_Industrial_Strategy dbc:Energy_regulatory_authorities
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rdfs:comment The North Sea Transition Authority (NSTA), known as the Oil and Gas Authority (OGA) until March 2022, is a private company limited by shares wholly owned by the Secretary of State for Business, Energy and Industrial Strategy. It is responsible for maximising the economic recovery of oil from the North Sea. It is empowered to license and regulate activity in relation to oil and gas in the United Kingdom, including oil and gas exploration, carbon capture and storage, and offshore gas storage. The NSTA’s role is to take the steps necessary to: (en)
rdfs:label North Sea Transition Authority (en)
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foaf:name Oil and Gas Authority (en)
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