Act of Parliament | |
Long title | An Act to provide for the establishment and functions of a body corporate to be called the Oil and Pipelines Agency, for the vesting in that Agency of the property, rights and liabilities of the British National Oil Corporation and for the subsequent dissolution of that Corporation. |
---|---|
Citation | 1985 c. 62 |
Introduced by | The Minister of State, Department of Energy (Alick Buchanan-Smith) (Second reading) 14 May 1985 (Commons) |
Territorial extent | United Kingdom |
Dates | |
Royal assent | 30 October 1985 |
Commencement | 1 December 1985 |
Other legislation | |
Amends | |
Status: Current legislation | |
Text of the Oil and Pipelines Act 1985 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk. |
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.
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 [1] and again in August 1985. [2] The downstream trading side of the business remained within BNOC. However, by 1983 with falling oil prices, participation and trading in the petroleum markets ceased to be profitable for BNOC. [3] The Oil and Pipelines Act 1985 provided the legal mechanism whereby BNOC was abolished and the Crown's interest in petroleum pipelines and storage installations was transferred into a new corporate body, the Oil and Pipelines Agency .
The Oil and Pipelines Act 1985 received royal assent on 30 October 1985. Its long title is: ‘An Act to provide for the establishment and functions of a body corporate to be called the Oil and Pipelines Agency, for the vesting in that Agency of the property, rights and liabilities of the British National Oil Corporation and for the subsequent dissolution of that Corporation.’
The Act comprises 8 Sections and 4 Schedules.
The provisions of the Oil and Pipelines Act 1985 came into force on 1 December 1985.
The appointed day for the transfer of assets from BNOC to the OPA was 1 December 1985 (Statutory Instrument S.I. 1985/1749)
The British National Oil Corporation was dissolved 27 March 1986 (S.I. 1986/585).
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.
The Exolum Pipeline System, formerly the CLH Pipeline System and the Government Pipelines and Storage System (GPSS), is a fuel pipeline system in the United Kingdom. Originally constructed by the government to supply fuel to airfields in World War II, it is now owned by Exolum.
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.
The BC Oil and Gas Commission is a Crown Corporation of the province of British Columbia, Canada, established in 1998. Its mandate is to regulate oil and gas activities and pipelines in British Columbia. Their mandate does not extend to regulating consumer gas prices at the pump.
Theddlethorpe Gas Terminal (TGT) is a former gas terminal on the Lincolnshire coast on Mablethorpe Road at Theddlethorpe St Helen close to Mablethorpe in East Lindsey in England. It is just off the A1031 and next door to a holiday camp and Mablethorpe Seal Sanctuary and Wildlife Centre.
The Coal Industry Nationalisation Act of 1946 was an Act of the Parliament of the United Kingdom which nationalised, or brought into state control, the coal industry in the United Kingdom. It established the National Coal Board as the managing authority for coal mining and coal processing activities. It also initially provided for the establishment of consumers' councils. The Coal Industry Nationalisation Act 1946 was the first of a number of Acts promulgated by the post-war Labour government to nationalise elements of the UK's industrial infrastructure; other Acts include the Electricity Act 1947; the Transport Act 1947 ; the Gas Act 1948; and the Iron and Steel Act 1949.
The Electricity Act 1989 provided for the privatisation of the electricity supply industry in Great Britain, by replacing the Central Electricity Generating Board in England and Wales and by restructuring the South of Scotland Electricity Board and the North of Scotland Hydro-Electric Board. The Act also established a licensing regime and a regulator for the industry called the Office of Electricity Regulation (OFFER), which has since become the Office of Gas and Electricity Markets (OFGEM).
The Gas Act 1972 was an Act of the Parliament of the United Kingdom which restructured the British gas industry. It established the British Gas Corporation to exercise full responsibility for the oversight, control and operation of the gas industry. The twelve autonomous area gas boards which had managed the industry in their areas now became regions of the British Gas Corporation. The Gas Council, also established under the Gas Act 1948, was abolished and the Gas Act 1948 was repealed. The provisions of the Act came into force on 1 January 1973.
The Gas Act 1986 created the framework for privatisation of the gas supply industry in Great Britain. This legislation would be replacing the British Gas Corporation with British Gas plc. The Act also established a licensing regime, a Gas Consumers’ Council, and a regulator for the industry called the Office of Gas Supply (OFGAS).
The Petroleum Act 1998 is an Act of the Parliament of the United Kingdom which consolidated arrangements for the licensing, operation and abandonment of offshore installations and pipelines. As a consolidation Act, it did not change the substantive law, although certain Acts were amended and repealed.
Oil & Gas Regulatory Authority is an agency of the Government of Pakistan, responsible for regulating the oil and gas sector in Pakistan. It was established in 2002.
The Mineral Workings Act 1971 is an Act of the Parliament of the United Kingdom which provided for the safety, health and welfare of people on installations undertaking the exploitation of, and exploration for, mineral resources in UK offshore waters.
The Offshore Safety Act 1992 is an Act of the Parliament of the United Kingdom which extends the application of the Health and Safety at Work etc. Act 1974 to secure the safety, health and welfare of people on offshore installations. It increases the penalties of certain offences under the 1974 Act and empowers the Secretary of State to secure supplies of petroleum and petroleum products.
The Oil and Gas (Enterprise) Act 1982 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.
The Petroleum and Submarine Pipe-lines Act 1975 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.
The Petroleum Act 1987 is an Act of the Parliament of the United Kingdom which updates the arrangements for regulating offshore installations and their operation. In particular it makes provisions for the licensing and the safe and orderly abandonment of installations and submarine pipelines.
The Petroleum (Production) Act 1934 is an Act of the Parliament of the United Kingdom which clarified the ownership of underground petroleum, vesting it in the Crown. It made provision for searching and boring for and getting (producing) petroleum and natural gas, under appropriate licenses.
The Energy Act 1983 is an Act of the Parliament of the United Kingdom which amended the law to facilitate the generation and supply of electricity other than by Electricity Boards. It also obliged Electricity Boards to adopt combined heat and power schemes. It gave statutory status to the Electricity Consumers' Council. The Act defined the duties of persons responsible for nuclear installations and penalties for a breach of those duties.
The Energy Act 1976 is an Act of the Parliament of the United Kingdom which empowered the Secretary of State to control the production, supply, acquisition and use of fuels and electricity, and included measures for the conservation of fuels.
The Gas Levy Act 1981 is an Act of the Parliament of the United Kingdom which imposed on the British Gas Corporation a levy in respect of purchased natural gas.