In support of President Trump’s Executive Order 13795, implementing an America-first offshore energy strategy, the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) and Bureau of Safety and Environmental Enforcement (BSEE) announced proposed changes to clarify, streamline and provide greater transparency to financial assurance requirements (e.g. bonding) for the offshore oil and gas industry, while protecting American taxpayers against high-risk decommissioning liabilities.
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