Offshore oil and gas companies must now use modern methods to measure production and ensure safety
What happened
The US government updated the rules for offshore oil and gas operations. Companies must now use newer industry standards for measuring how much oil and gas they extract and for keeping workers safe.
Why it matters
The US government has updated the minimum safety and measurement standards for offshore oil and gas operations. This means companies can no longer rely on older, less precise methods for reporting how much they extract or for protecting their workers.
The signal
Watch for any reported changes in offshore oil and gas production volumes or accident rates in the coming years.