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Oil And Pipelines Act 1985
The Oil and Pipelines Act 1985 (c. 62) is an Act of the Parliament of the United Kingdom which established the Oil and Pipelines Agency to buy, sell or deal in petroleum and to manage on behalf of the Crown petroleum pipelines and storage installations. The act abolished the British National Oil Corporation and transferred its assets to the Agency. Background The government had established the British National Oil Corporation (BNOC) in 1975 under the provisions of the Petroleum and Submarine Pipe-lines Act 1975. BNOC, as constituted, was effectively two businesses: firstly for the production of oil and petroleum, and secondly for trading in oil. The Oil and Gas (Enterprise) Act 1982 enabled the government to transfer the upstream oil exploration and production side of the BNOC's business into Britoil, a limited liability company. Britoil was floated on the stock market in November 1982 and again in August 1985. The downstream trading side of the business remained within BNOC. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum And Submarine Pipe-lines Act 1975
The Petroleum and Submarine Pipe-lines Act 1975 (1975 chapter 74) was an Act of the Parliament of the United Kingdom which addressed the licensing, ownership, exploitation, production, transportation, processing and refining of petroleum and petroleum products in the UK. Enacted in 1975 when the UK’s first North Sea oil was produced, the Act aimed to provide greater public control of the oil industry. The Act established the British National Oil Corporation and a National Oil Account; modified the conditions of petroleum licences; controlled the construction and use of underground pipelines; and controlled the development of oil refineries. Background The incoming Labour government in October 1974 perceived significant deficiencies in the control and operation of the UK petroleum industry. One of Labour’s election manifesto pledges was to: "Take majority participation in all future oil licences and negotiate to achieve majority State participation in existing licences. Set ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil And Gas (Enterprise) Act 1982
The Oil and Gas (Enterprise) Act 1982 (1982 chapter 23) is an Act of the Parliament of the United Kingdom which started the process of privatisation of the oil and gas industries in the UK. It empowered the government to float off and sell shares in Britoil the upstream production side of the British National Oil Corporation. It ended the British Gas Corporation’s monopoly on the transportation and supply of gas, opening up the gas market to other gas suppliers. The Act made miscellaneous provisions relating to the oil and gas industries concerning Petroleum Licences and Offshore Installations. Background The British gas industry had been in state ownership since nationalisation of the industry in 1949. The Gas Act 1972 had established the British Gas Corporation to exercise full responsibility for the oversight, control and operation of the gas industry. The government had established the British National Oil Corporation (BNOC) in 1975 under the provision of the Petroleum ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Act Of Parliament
Acts of Parliament, sometimes referred to as primary legislation, are texts of law passed by the Legislature, legislative body of a jurisdiction (often a parliament or council). In most countries with a parliamentary system of government, acts of parliament begin as a Bill (law), bill, which the legislature votes on. Depending on the structure of government, this text may then be subject to assent or approval from the Executive (government), executive branch. Bills A draft act of parliament is known as a Bill (proposed law), bill. In other words, a bill is a proposed law that needs to be discussed in the parliament before it can become a law. In territories with a Westminster system, most bills that have any possibility of becoming law are introduced into parliament by the government. This will usually happen following the publication of a "white paper", setting out the issues and the way in which the proposed new law is intended to deal with them. A bill may also be introduced in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parliament Of The United Kingdom
The Parliament of the United Kingdom is the supreme legislative body of the United Kingdom, the Crown Dependencies and the British Overseas Territories. It meets at the Palace of Westminster, London. It alone possesses legislative supremacy and thereby ultimate power over all other political bodies in the UK and the overseas territories. Parliament is bicameral but has three parts, consisting of the sovereign ( King-in-Parliament), the House of Lords, and the House of Commons (the primary chamber). In theory, power is officially vested in the King-in-Parliament. However, the Crown normally acts on the advice of the prime minister, and the powers of the House of Lords are limited to only delaying legislation; thus power is ''de facto'' vested in the House of Commons. The House of Commons is an elected chamber with elections to 650 single-member constituencies held at least every five years under the first-past-the-post system. By constitutional convention, all governme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil And Pipelines Agency
The Oil and Pipelines Agency (OPA) is a statutory corporation of the Ministry of Defence (MoD) in the United Kingdom. Its current role is to operate six coastal Oil Fuel Depots on behalf of the MoD. The OPA was also previously responsible for the management of the Government Pipelines and Storage System (GPSS), until its sale in 2015. The OPA is the MoD's professional expert on bulk fuel storage and transportation by pipeline. History The OPA was formed at the end of 1985 under the Oil and Pipelines Act 1985 (c. 62). It was the successor organisation to the British National Oil Corporation (BNOC) in its responsibility for managing the Department of Energy's pipelines and storage depots. It was not initially responsible for either the Ministry of Defence spur pipelines or storage depots. Its statutory role was to be responsible for the safe, efficient, economic and effective management of the GPSS. The OPA's tasks included maximising private sector usage of the GPSS provided this ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British National Oil Corporation
Britoil plc was originally a privatised British oil company operating in the North Sea. It was once a constituent of the FTSE 100 Index. The company was acquired by BP in 1988, becoming a brand of it.Britain Drops a Barrier To B.P. Bid for Britoil on ''The New York Times'', 5 Feb 1988 History The company was originally formed in 1975 as the ''British National Oil Corporation'' (''BNOC''), a body, under the provisions of the Petroleum & Submarine P ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Britoil
Britoil plc was originally a privatised British oil company operating in the North Sea. It was once a constituent of the FTSE 100 Index. The company was acquired by BP in 1988, becoming a brand of it.Britain Drops a Barrier To B.P. Bid for Britoil on ''The New York Times'', 5 Feb 1988 History The company was originally formed in 1975 as the ''British National Oil Corporation'' (''BNOC''), a body, under the provisions of the Petroleum & Submarine P ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Assent
Royal assent is the method by which a monarch formally approves an act of the legislature, either directly or through an official acting on the monarch's behalf. In some jurisdictions, royal assent is equivalent to promulgation, while in others that is a separate step. Under a modern constitutional monarchy, royal assent is considered little more than a formality. Even in nations such as the United Kingdom, Norway, the Netherlands, Liechtenstein and Monaco which still, in theory, permit their monarch to withhold assent to laws, the monarch almost never does so, except in a dire political emergency or on advice of government. While the power to veto by withholding royal assent was once exercised often by European monarchs, such an occurrence has been very rare since the eighteenth century. Royal assent is typically associated with elaborate ceremony. In the United Kingdom the Sovereign may appear personally in the House of Lords or may appoint Lords Commissioners, who announce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil And Gas Industry In The United Kingdom
The oil and gas industry plays a central role in the economy of the United Kingdom. Oil and gas account for more than three-quarters of the UK's total primary energy needs. Oil provides 97 per cent of the fuel for transport, and gas is a key fuel for heating and electricity generation. Transport, heating and electricity each account for about one-third of the UK's primary energy needs. Oil and gas are also major feedstocks for the petrochemicals industries producing pharmaceuticals, plastics, cosmetics and domestic appliances. Although UK Continental Shelf production peaked in 1999, in 2016 the sector produced 62,906,000 cubic metres of oil and gas, meeting more than half of the UK's oil and gas needs. There could be up to 3.18 billion cubic metres of oil and gas still to recover from the UK's offshore fields. In 2017, capital investment in the UK offshore oil and gas industry was £5.6 billion. Since 1970 the industry has paid almost £330 billion in production tax. About 280,000 j ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North Sea Oil
North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea. In the petroleum industry, the term "North Sea" often includes areas such as the Norwegian Sea and the area known as "West of Shetland", "the Atlantic Frontier" or "the Atlantic Margin" that is not geographically part of the North Sea. Brent crude is still used today as a standard benchmark for pricing oil, although the contract now refers to a blend of oils from fields in the northern North Sea. From the 1960s to 2014 it was reported that 42 billion barrels of oil equivalent (BOE) had been extracted from the North Sea since when production began, and there is still a potential of 24 billion BOE left remaining there, which is equivalent to about 35 years worth of production, the North Sea will remain as an important petroleum reservoir for years to come. History 1851–1963 Commercial extraction of oil on the shores of the North Sea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom Acts Of Parliament 1985
United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two film Literature * ''United!'' (novel), a 1973 children's novel by Michael Hardcastle Music * United (band), Japanese thrash metal band formed in 1981 Albums * ''United'' (Commodores album), 1986 * ''United'' (Dream Evil album), 2006 * ''United'' (Marvin Gaye and Tammi Terrell album), 1967 * ''United'' (Marian Gold album), 1996 * ''United'' (Phoenix album), 2000 * ''United'' (Woody Shaw album), 1981 Songs * "United" (Judas Priest song), 1980 * "United" (Prince Ital Joe and Marky Mark song), 1994 * "United" (Robbie Williams song), 2000 * "United", a song by Danish duo Nik & Jay featuring Lisa Rowe Television * ''United'' (TV series), a 1990 BBC Two documentary series * ''United!'', a soap opera that aired on BBC One from 1965-19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
