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OGA opens third 2021 compliance investigation

Posted on 10 November 202117 November 2021 Author editorial Comments Off on OGA opens third 2021 compliance investigation

The Oil and Gas Authority (OGA) said it had opened an investigation into a possible breach of field production consents contrary to the requirements of the licences.

Regulatory: the OGA’s Thematic Review looks at industry compliance 

SANCTION PROCEDURE

This is the third investigation into compliance matters opened by the industry regulatory body during 2021.

The OGA said it had started the latest investigation under its sanction procedure.

This follows an enquiry which concluded that there was sufficient initial evidence to merit a full investigation into a potential failure to comply with such consents.  

THEMATIC REVIEW

The OGA added that the investigation would, among other things:

– gather and assess further information to enable it to reach a decision

– offer the company concerned the opportunity to provide written representations

– decide how the case should be resolved

The investigation follows the publication in October 2020 of the OGA’s Thematic Review into industry compliance with regulatory obligations.  

2021 INVESTIGATIONS

Previous cases include a transaction delay, possible breach of flare consent, possible licence breach. OGA also fined bp £50,000 for licence breach.

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Tagged extractive industries, investigation, oil and gas, Oil and Gas Authority (OGA)

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Power Metal receives £37,500 in warrant exercise

Posted on 11 February 202221 February 2024 Author editorial

Power Metal Resources plc has raised £37,500 after receiving notice to exercise warrants over 5,000,000 new ordinary shares of 0.1 pence each in the company at an exercise price of 0.75p. 

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Metals & Minerals News

Cornish Lithium issues 2024 sustainability report

Posted on 27 June 202527 June 2025 Author editorial

Cornish Lithium plc has published its 56-page 2024 sustainability report for its Trelavour hard rock project near St Austell and extraction from geothermal waters at United Downs in the centre of the county. GRI The company said the report outlined its approach and progress in “responsible stewardship” of natural resources, people and human rights, and […]

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Metals & Minerals News

Scotgold records highest production since first gold pour

Posted on 14 January 202215 April 2024 Author editorial

Scotgold Resources Ltd reported its highest production level since first gold pour as it issued guidance for the Cononish mine near Tyndrum in Scotland. PRODUCTION Production for Q4 2021 totalled 1,508 ounces of gold, with 101 tonnes of concentrate produced in December equating to some 700 ounces of contained gold. Scotgold said this represented a 60% […]

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