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Changes in Indian customs affect drilling operations The government of India recently issued a clarification and notification related to the transfer of oil and gas equipment from one contract to another. Previously, the Indian government required that equipment be exported out of the country and imported back in before work could commence under a different contract. The result of this ruling meant that the industry faced increased costs due to lost time, as well as transfer of equipment and customs clearance costs. A team headed by Transocean successfully lobbied for a change in this rule. The resulting clarification dismisses the need for first exporting equipment before it can change contract. BSEE, USCG Sign agreement on offshore oversight The US Bureau ...

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