News & Analysis as of

BOEM Outer Continental Shelf Investment

Hicks Johnson

States and Industry Groups Sue to Block BOEM’s Tougher Financial Assurance Requirements for Offshore Oil and Gas Operations

Hicks Johnson on

The U.S. Department of the Interior has long wrestled with how to manage the risk associated with the costly decommissioning of offshore oil wells in federal waters. In recent years, the Department has released, revised, and...more

Vinson & Elkins LLP

BOEM Bonding: What You Need to Know About New Financial Assurance Requirements Proposed for Offshore Oil and Gas Drilling

Vinson & Elkins LLP on

The Biden administration has proposed changes regarding when oil, gas, and sulfur lessees and certain other parties operating in the offshore Outer Continental Shelf must post additional bonds or other “supplemental financial...more

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