News & Analysis as of

Outer Continental Shelf Offshore Lease

Vinson & Elkins LLP

BOEM Releases Tougher Financial Assurance Requirements for Offshore Oil and Gas Operations

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New and additional bonding requirements for certain companies operating on the Outer Continental Shelf (“OCS”) will take effect in June as a result of a recent rulemaking. These new requirements will be phased in over a...more

Holland & Knight LLP

Interior Department Announces Five-Year Lease Plan for Offshore Oil and Gas

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The U.S. Department of the Interior on Sept. 29, 2023, announced its long-awaited Five-Year Offshore Leasing Plan as required by the Outer Continental Shelf Lands Act (the Plan)....more

Pillsbury Winthrop Shaw Pittman LLP

California Rolls Out Offshore Wind Permitting Roadmap

California has tremendous offshore wind resources and ambitious offshore power goals, but the uncertain rules and regimes for development have delayed implementation of projects. The California Energy Commission (CEC)...more

Latham & Watkins LLP

BOEM Floats Proposal to Modernize Offshore Wind Regulations

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A new proposal aims to streamline the process for permitting and developing offshore renewable energy projects and reduce costs to developers. On January 30, 2023, the Bureau of Ocean Energy Management (BOEM) published a...more

Latham & Watkins LLP

Momentum Builds Towards California Offshore Wind Reality

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California’s first upcoming offshore wind lease sale, scheduled for December 6, 2022, is the next major step forward for clean energy in the Golden State. The Bureau of Ocean Energy Management (BOEM) and the State of...more

Holland & Knight LLP

Inflation Reduction Act Advances Stalled Offshore Oil and Gas Lease Sales

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The Inflation Reduction Act (the Act), which passed the U.S. Senate on Aug. 7, 2022, requires that previously announced offshore lease sales in the Gulf of Mexico and Alaska be held during the next two years....more

Vinson & Elkins LLP

The Big Squeeze? Proposed 2023-2028 Oil and Gas Leasing Program on the Outer Continental Shelf is Reduced to 11 Proposed Lease...

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On July 1, 2022,1 the Bureau of Ocean Energy Management (“BOEM”) released its Proposed Program for the U.S. Department of the Interior’s (“DOI”) National Outer Continental Shelf (“OCS”) Oil and Gas Leasing Program (“National...more

Holland & Knight LLP

Interior Releases Draft Program for New Offshore Leases; Future Uncertain

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The U.S. Department of the Interior on July 1, 2022, released its long-awaited update on the next Outer Continental Shelf (OCS) five-year proposed offshore drilling program (Program), a day after the previous program expired....more

Latham & Watkins LLP

Interior Proposes First Renewable Energy Lease Sale in Federal Waters Offshore California

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The proposal would auction off almost 375,000 acres of the Outer Continental Shelf offshore California for wind energy development. Key Points: ..The two areas proposed for leasing have the potential to provide more...more

Holland & Knight LLP

Interior Announces Deadline for New 5-Year Offshore Leasing Plan

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During her oral testimony on U.S. Department of the Interior Fiscal Year 2023 budget priorities before the U.S. Senate Committee on Energy and National Resources on May 19, 2022, Interior Secretary Deb Haaland announced that...more

Parker Poe Adams & Bernstein LLP

Excitement Builds Around Offshore Wind in North Carolina

On April 29, 2022, BOEM published a Call for Information and Nominations (Call) for six distinct areas in the Central Atlantic comprising almost 3.9 million acres, which are shown on the map below. BOEM will consider...more

Holland & Knight LLP

California Legislature Passes Landmark Legislation to Bolster Offshore Wind Energy

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The California Legislature on Sept. 9, 2021, approved landmark state legislation to facilitate California's offshore wind energy potential. Assembly Bill (AB) 525 requires the California Energy Commission (CEC) to prepare a...more

Jones Day

Preliminary Injunction Issued Preventing Ban on New Federal Oil and Gas Leases

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As reported in the last edition of The Climate Report, Alabama, Alaska, Arkansas, Louisiana, Georgia, Mississippi, Missouri, Montana, Nebraska, Oklahoma, Texas, Utah, and West Virginia (collectively, "Plaintiff States") filed...more

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