Policy & Regulation

No-deal Brexit will not change rules of oil and gas sector

A scenario in which the UK leaves the EU without an agreement on trade and other matters will have no effect on the oil and gas business, the UK government said in a statement on Thursday.
By Staff reporter 14 September 2018 0 32548

A scenario in which the UK leaves the EU without an agreement on trade and other matters will have no effect on the oil and gas business, the UK government said in a statement on Thursday.

“The established regime for hydrocarbon licensing and environmental issues will continue to operate [and] the government will amend the relevant legislation to ensure broad continuity,” the note says. UK and EU businesses will not be required to take any action, the note added.