We’re inviting all members to take part in two important webinars this October, where we’ll be discussing current UK Government consultations that could significantly impact our sector.
These sessions are your opportunity to share views, raise concerns, and help shape Decom Mission’s formal responses. Your input is vital to ensure our submissions reflect the priorities and experiences of our members.
Webinar 1: Tackling Late Payments Consultation
Date: Thursday 16th October
Time: 10:00 – 11:30
Webinar 2: Decommissioning Offshore Installations Consultation
Date: Wednesday 22nd October
Time: 10:00 – 11:30
Both consultations propose major changes to policy and practice. We encourage all members to attend, contribute, and help influence the future of our industry.
More About the Late Payments Consultation
This consultation addresses the widespread issue of late, long, and disputed payments between businesses, which disproportionately affect small businesses and the self-employed.
The proposed legislative package includes:
- A maximum payment term of 60 days, with no exemptions.
- Mandatory statutory interest on late payments.
- New powers for the Small Business Commissioner, including the ability to impose fines and conduct spot checks.
- Requirements for large companies to report payment performance in their annual reports.
- Measures to regulate or prohibit retention clauses in construction contracts.
These reforms aim to create a fairer, more transparent payment culture and support the UK’s ambition to be the best place to start and grow a business.
More About the Decommissioning Offshore Installations Consultation
The UK Government is seeking views on proposed changes to the decommissioning of offshore oil and gas installations, with a focus on improving environmental outcomes and regulatory clarity.
Key elements of the consultation include:
- Draft supplementary guidance on how derogation cases under OSPAR Decision 98/3 will be assessed.
- A proposed policy change to require steel jackets to be cut and removed at seabed level, rather than the current standard of 3 metres below.
- An assessment of financial impact on the offshore oil and gas industry.
The consultation is led by the Offshore Petroleum Regulator for Environment and Decommissioning (OPRED).