News & Analysis as of

BOEM Outer Continental Shelf Risk Management

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

BakerHostetler

Three Reasons BOEM’s Updated Financial Assurance and Risk Management Requirements Are Unenforceable

BakerHostetler on

The Interior Department’s Bureau of Ocean Energy Management (BOEM) has finally issued its promised Notice to Lessees (NTL) No. 2016-N01, “Requiring Additional Security,” which supersedes NTL No. 2008-N07, “Supplemental Bond...more

BakerHostetler

BOEM’s “Proposed Guidance” Shakes Up the Agency’s Supplemental Bonding Requirements

BakerHostetler on

The Bureau of Ocean Energy Management (“BOEM”) has backed away from its proposed rulemaking regarding financial assurance requirements for the Outer Continental Shelf (“OCS”). On August 19, 2014, BOEM published an Advance...more

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