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NSTA gives a Financial Penalty Notice which imposes on Spirit Energy North Sea Limited a financial penalty of £50,000

Production Efficiency (PE) is a core element of the industry production optimisation and asset stewardship focus which is vital to maximising economic recovery from the UKCS

Energy Pathfinder is a free, one-stop-shop for valuable information about near-term contracting opportunities for energy production and decarbonisation projects in the UK.

Through effective asset stewardship we aim to optimise efficiency and ensure economic recovery and support the drive to net zero carbon by 2050, while maintaining high standards of safety and environmental management.

We will continue to undertake pro-active, structured and prioritised stewardship reviews with operators and licensees based on intelligence gathered, prioritising those with the greatest impact on economic recovery and support the drive to net zero carbon by 2050.

The NSTA charges fees for a range of services to specific licence holders, including consents issued under petroleum licences, offshore methane gas and carbon dioxide storage licences and for pipeline works authorisations issued under Part III of the Petroleum Act 1998.