Home / Business / US proposes to loosen bonding requirements for offshore oil, gas companies

US proposes to loosen bonding requirements for offshore oil, gas companies

The Trump administration said on Thursday it would replace a Biden-era rule that ​required some oil and gas companies ‌to set aside billions of dollars in extra funds for decommissioning oil platforms if they go ​out of business.

March 5 (Reuters) – The Trump administration said on Thursday it would replace a Biden-era rule that ​required some oil and gas companies ‌to set aside billions of dollars in extra funds for decommissioning oil platforms if they go ​out of business.
… [311 chars]

Source: Reuters | Published: 2026-03-05T21:21:26Z

Credit: Reuters

Tagged:

Leave a Reply

Your email address will not be published. Required fields are marked *