Cybersecurity risks to offshore oil and natural gas facilities such as those from state actors and cyber criminals are on the rise. In a new report, the U.S. Government Accountability Office (GAO) said the federal government has identified the oil and gas sector as a target of malicious state actors. Exploration and production (E&P) operations…
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E&P Royalty Relief Provided During Pandemic Found Inconsistent, Says GAO
The Interior Department, which last spring allowed oil and natural gas producers to sharply reduce royalty payments because of Covid-19, failed to evaluate the policy to determine how much relief was needed or how much it would cost, according to the federal government watchdog. The Government Accountability Office (GAO) in a report issued to Congress…
FERC Urged to Use Natural Gas Pipeline Reports in Assessing Reliability Risks
The Government Accountability Office (GAO) has advocated for the use of natural gas pipeline operator reports and other information in helping FERC identify, assess and respond to risks to reliability. GAO was tapped by Sen. Jack Reed (D-RI), who is a ranking member of the Subcommittee on Transportation, Housing and Urban Development, and Sen. Sheldon…
FERC, Other Agencies Using Outdated Standards for LNG Permits, Watchdog Finds
Federal agencies including FERC have been using outdated technical standards for permitting liquefied natural gas (LNG) export facilities, an issue that could compromise safety, according to a government watchdog. The Government Accountability Office (GAO) said in a report published Thursday the Federal Energy Regulatory Commission, the Pipeline and Hazardous Materials Safety Administration (PHMSA) and the…
Cheap Bonds Said Not Enough to Reclaim Oil, NatGas Wells on Federal Lands
Bonds posted by oil and natural gas producers to help prevent orphaned wells on federal lands are too low, with most not high enough to cover the costs of reclamation, according to a report by the U.S. Government Accountability Office (GAO).
BLM Oil, Natural Gas Inspection Program Still Problematic, GAO Says
Despite four years of trying to fix the problem, the Bureau of Land Management (BLM) inspection program for oil and natural gas wells still has a significant workforce imbalance, according to a report by the Government Accountability Office (GAO).