The OGA mandates collaboration and cooperation when seeking to acquire or invest in offshore licences or infrastructure
OGA takes aim at Elgin-Franklin laggards
The UK upstream regulator is unhappy at partners in the field dragging their feet on the sale of ExxonMobil’s stake
The UK’s Oil and Gas Authority (OGA) has opened an investigation into the proposed sale by ExxonMobil of its stakes in certain UK North Sea fields to Norwegian private equity-backed Neo Energy. It is specifically focused on the speed at which partners in the Elgin-Franklin complex are agreeing to the major transferring its ownership there, amid concerns it is not progressing as quickly as expected. The consent of joint venture partners is required to effect transfer of the stake. But, as negotiations that began in February 2021 have not yet reached a conclusion, the OGA has opened an investigation under its Sanction Procedure. It has previously voiced concerns on “transaction drag and the ch
Also in this section
12 December 2025
The latest edition of our annual Outlook publication, titled 'The shape of energy to come: Creating unique pathways and managing shifting alliances', is available now
12 December 2025
The federal government is working with Alberta to improve the country’s access to Asian markets and reduce dependence on the US, but there are challenges to their plans
11 December 2025
The removal of the ban on oil and gas exploration and an overhaul of the system sends all the right messages for energy security, affordability and sustainability
10 December 2025
The economic and environmental cost of the seven-year exploration ban will be felt long after its removal
