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Insider UK
Insider UK
Business
Peter A Walker

Shell fined £50,000 by North Sea regulators

Shell has been fined £50,000 by the North Sea Transition Authority (NSTA) for breaching production consents.

The regulator requires the consents for companies to produce oil and gas. It has now served the company with a sanction notice for breaching five field consents.

The NSTA said adhering to production consents is “an indicator of good stewardship of fields, and is an important component of a stable, well-regulated industry which has the trust and confidence of investors and the public”.

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