North Sea regulator threatens to name oil groups for decommissioning delays

Oil and gas companies face the threat of being named and shamed in the UK for failing to meet decommissioning deadlines for empty wells, Britain’s North Sea regulator has warned.

The North Sea Transition Authority has opened a consultation over plans to impose more transparency on an industry that has fallen behind targets for “plugging and abandonment” as reserves run dry.

“Not only do missed deadlines knacker the credibility of...

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