BOEM updating financial-assurance rules on offshore oil and gas leases

The Bureau of Ocean Energy Management (BOEM) recently issued a Notice to Lessees and Operators (NTL) detailing how the bureau plans to update its financial assurance and risk-management requirements for companies holding oil and gas leases in federal waters to ensure lessees can cover the decommissioning costs of their facilities and that taxpayers will never foot the bill. Read More »

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