23 Aug 2024 North Sea Transition Authority (NSTA) approach to assessing Financial Soundness of Track 1 cluster Transport & Storage Companies (T&SCos) to hold an NSTA carbon dioxide storage permit
What we do We work with government, industry and other regulators to accelerate the move to net zero while meeting the UK’s energy demand and security. View more
What we do - Energy Security The North Sea has been helping to provide light and warmth for UK homes and industry for more than 50 years and will continue to be an essential resource for supporting UK energy security for many years to come. View more
What we do - Licensing and consents The UK’s offshore and onshore energy resources are being developed by a wide range of companies spanning different sectors. These rich and abundant resources continue to attract new companies and investors from within the UK and overseas. View more
What we do - Investing on the UKCS We work with industry, government and the lender/investment community on identifying and progressing investment opportunities and support the UK government in its drive to reach net zero greenhouse gas emissions by 2050. View more
What we do - Decommissioning and repurposing Companies have a legal duty to decommission platforms and pipelines in a safe and cost-efficient manner once production operations have permanently stopped at their oil and gas fields. View more
What we do - Technology stewardship For decades the UK North Sea has been a testbed for pioneering technologies used to produce billions of barrels of North Sea oil and gas, underpinning the UK’s energy security. View more
What we do - Asset stewardship The UK Continental Shelf is home to more than 290 offshore installations, 250 subsea systems and 7,000 miles of pipeline, which are critical to providing the UK with a stable supply of energy for years to come and support an orderly transition to net zero. View more
What we do - Supporting the supply chain The UK has a world-class supply chain which has provided the skills, services and pioneering technologies needed to deliver North Sea oil and gas in some of the harshest weather conditions for more than half a century. View more