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New Rules for Reporting Offshore Oil and Gas Facility Failures

New regulations mandate oil and gas companies to report critical system failures at offshore facilities. This aims to enhance safety and environmental protection, indirectly impacting energy supply security and the natural environment that all citizens rely on.
Key points
Companies must report failures of safety and pollution prevention equipment within 30 days.
Investigations and failure analyses are required within 120 days, with reports made public.
Changes in operating procedures or equipment design due to failures must also be reported.
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Additional Information
Offshore Accountability Act of 2021
Print number: HR 570
Sponsor: Rep. McEachin, A. Donald [D-VA-4]
Process start date: 2021-01-28