WASHINGTON, March 9 -- Bureau of Ocean Energy Management has issued a proposed rule called: Risk Management and Financial Assurance for OCS Lease and Grant Obligations.
The proposed rule was published in the Federal Register on March 9 by Lanny E. Erdos, Director, Office of Surface Mining, Reclamation, and Enforcement, Exercising Authority of the Assistant Secretary-Land Mineral Management.
Summary: The Department of the Interior (the Department or DOI), acting through the Bureau of Ocean Energy Management (BOEM), in response to Executive Order (E.O.) 14154 of January 20, 2025, Unleashing American Energy, as well as Secretarial Order No. 3418 of February 3, 2025, has reviewed market conditions of supply and demand in the crude oil and gas...