Onshore/Offshore Facilities

The final rule amends existing regulations and increases the level of financial assurances that operators must provide in advance.
The contractor will provide 17 pipeline centrifugal compressors for Aramco’s ongoing project in Saudi Arabia.
The Interior Department’s rule raises royalty rates for oil drilling by more than one-third, to 16.67%. The previous rate of 12.5% had remained unchanged for a century.

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