On 1 October 2016 the Energy Act 2016 (Commencement No.2 and Transitional Provisions) Regulations 2016 (the “Regulations”) will bring into force most of the sections of the Energy Act 2016 which relate to oil & gas operations. Various powers will be transferred from the former Department of Energy and Climate Change (‘DECC’) – which became the Department for Business, Energy & Industrial Strategy (‘DBEIS’) over the summer – to the Oil and Gas Authority (‘OGA’). The powers transferred will be the licensing and regulatory powers, and decommissioning powers, under the Petroleum Act 1998, as well as certain powers relating to assessment of offshore tax liability. DBEIS remains the principal environmental regulator for the offshore oil and gas industry and the changes should not materially affect the operation of the Offshore Safety Directive Regulator (‘OSDR’), responsible for overseeing industry compliance Offshore Safety Directive 2013. The OSDR is a partnership between the Health and Safety Executive and DBEIS.
Tomorrow the movie ‘Deepwater Horizon’ opens worldwide. A must-see for all concerned with offshore oil and gas operations.