US offshore regulators have elected to rescind certain demands for operators to furnish additional financial proof of their ability to decommission ageing assets in the Gulf of Mexico.
Friday's decision withdraws a set of orders made this December to "sole liability" leaseholders -- those without a chain of title beyond the current owners.
The goal was to allow the new administration of Donald Trump time to review the issue, part of a process that has included a six-month delay to a controversial plug and abandonment directive, Notice to Lessees (NTL) 2016-N01 issued last July.
The
