The North Sea Transition Authority (NSTA) regulate and influence the oil, gas and carbon storage industries. The organization help drive North Sea energy transition, realising the significant potential of the UK Continental Shelf as a critical energy and carbon abatement resource.
History
In the last 50 years, UK regulation of energy has either been handled by a stand-alone energy department or combined with another government department.
The post-war Ministry of Power was subsumed into the Department of Trade and Industry (DTI) in 1970 but emerged as the Department of Energy in 1974 in the wake of the 1973 oil crisis. With the privatisation of the British National Oil Corporation, the Department of Energy was re-incorporated into DTI in 1992.
This lasted until 2008 when the Department of Energy and Climate Change was formed by combining the energy functions of the Department for Business, Energy and Regulatory Reform, the successor to DTI, and climate change from the Department of Environment, Food and Rural Affairs.
Following the Wood Report, the OGA was formed in April 2015, as an independent authority with enhanced powers, initially as an executive agency of DECC (now the Department for Business, Energy and Industrial Strategy).
In March 2022, the Oil and Gas Authority changed its name to the North Sea Transition Authority (NSTA) to reflect its evolving role in the energy transition.
Website l Linkedin 'People'