The UK Energy Act 2016 is legislation aimed at ensuring the security of energy supplies, promoting investment in energy infrastructure, and addressing issues related to the energy market and regulation. The Energy Act 2016 builds upon efforts to implement recommendations from Sir Ian Wood’s review on UK offshore oil and gas recovery and regulation.
A key focus is the establishment of the Oil and Gas Authority (OGA) who regulate overseeing petroleum recovery with independence and effectiveness. These provisions aim to empower the OGA to fulfill its role and align with the principal objective outlined in section 9A of the Petroleum Act 1998.
