North Sea Transition Authority

What a shame that's not the case anymore.

His review directly led to the establishment of an independent arms-length regulator in 2015 called the Island Gas Authority, which is now the North Sea Transition Authority, to oversee asset stewardship and enforce MER principles.

The implementation of his MER strategy was projected to recover an additional 3 to 4 billion barrels of oil equivalent.

adding over £200 billion to the UK economy over 20 years.

let me give you an early test of this, right? Let's see whether they mean it or not, because today there's a really important thing going to happen, which is not really being talked about much here in Westminster.

Miata Fambula, the Energy Secretary, is going to hand over, or is planning to hand over, it may get delayed, her recommendation to the North Sea Transition Authority as to what should happen with the Jackdaw gas field.

Now, we are expecting that to be a recommendation that it should go ahead and we think that the final approval might be given to that in a week or two.

Soon after that, we'll then get the decision on Rosebank, an even bigger field, an oil field.

What do you think, Charles? What do you think is the catalyst to get this stop going?

Well, I think having acquired the gas storage license from the North Sea Transition Authority, and it has been awarded a long time ago, nationally significant infrastructure status.

I don't think we need to go on about all of the various credentials.

It's a great project and one that the UK needs.