US Proposal Would Allow Oil and Gas Drillers to Delay Royalty Payments

© Roman Krochuk / Adobe Stock
© Roman Krochuk / Adobe Stock

The U.S. Department of Interior has proposed allowing oil and gas companies to delay royalty payments due to the impacts of the new coronavirus pandemic.

According to the web site of the White House Office of Management and Budget, Interior's Office of Natural Resources Revenue on May 20 sent a proposed rule titled "ONRR Reporting and Royalty Payment Delay Related to Coronavirus Disease 2019 (COVID-19)." Details of the proposal were not available.

Interior Department officials were not immediately available for comment.


(Reporting by Nichola Groom, Editing by Franklin Paul)

Current News

Siemens Gamesa Discusses European Production With Chinese Rare Earth Suppliers

Siemens Gamesa Discusses Europ

Sierra Leone Awaits Results of Offshore Seismic Survey Ahead of Possible Oil and Gas Auction

Sierra Leone Awaits Results of

Bernhard Schulte Offshore Delivers New Commissioning Service Operation Vessel

Bernhard Schulte Offshore Deli

OSC, Ashtead Technology Bolster Joint Environmental Services Offer

OSC, Ashtead Technology Bolste

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine