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Law-Now 26 Jan 2024 · United Kingdom

A “Move” to Annual Oil and Gas Offshore Licensing Rounds - The Offshore Petroleum Licensing Bill

1 min read
Under the recently introduced Offshore Petroleum Licensing Bill (the Bill), the North Sea Transition Authority (the NSTA) would have a new obligation to invite applications for new seaward area (oil and gas) production licences, annually.The Government hopes that...

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