The Wood Review, which is aimed atincreasing productivity from North Sea fields and which was published in fullon Monday, pressed for a new regulator – a proposal accepted by governments northand south of the England-Scotland border.
The current regulator, the Department ofEnergy & Climate Change (DECC), is a governmental department – but thismust change when it comes to the new incarnation, Malcolm Webb, chief executiveof Oil & Gas UK, said.
Speaking
