The Bureau of Ocean Energy Management (BOEM) announced that it has launched a new Web-based tool that provides oil and gas industry users with the ability to submit online requests for company, qualification, merger and bonding information for review and approval. Before a company can bid on, hold, or operate an oil and gas lease, it must submit certain information and documents to BOEM to establish that it is qualified to be a lessee. The Technical Information Management System (TIMS) Company and Bonding applications are Web-based programs that will help expedite the process. The Company processes within the system are comprised of Qualification, Qualification Update, Change of Name, Business Conversion and Merger.