The Act furthers the recommendations of the Wood Review, and establishes the OGA as the independent regulator for the UK oil and gas sector by transitioning it from an Executive Agency of the Department of Energy and Climate Change (“DECC”) to a company incorporated under the Companies Act 2006. Substantial changes for the UK oil and gas landscape are set out in the body of the Act addressing the core functions of the OGA, the resolution of disputes in the sector, information gathering powers of the OGA, sanctions and charges, and access to infrastructure and decommissioning. This note summarises the impact of the Act on each of those topics.