BOEM proposes changes to offshore oil and gas bond requirements

BOEM proposes changes to offshore oil and gas bond requirements

In support of President Trump’s Executive Order 13795, implementing America’s first offshore energy strategy, the Department’s Office of Ocean Energy Management (BOEM) and the Department’s Office of Safety and Environmental Enforcement (BSEE) Department of the Interior announced proposed changes to clarify, streamline, and provide greater transparency of financial collateral requirements (e.g.,…

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