News & Analysis as of

Outer Continental Shelf Oil & Gas

Holland & Knight LLP

Court Strikes Down Key Endangered Species Act Opinion

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A federal court has thrown out key Endangered Species Act (ESA) analyses of oil and gas operations in the Gulf of Mexico, which will be vacated as of Dec. 20, 2024. The United States District Court for the District of...more

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

Adams and Reese LLP

U.S. Department of the Interior Publishes Final Well Control Rule to Help Prevent Offshore Catastrophic Blowouts

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The United States Department of the Interior published the final well control rule on Aug. 22 from the Bureau of Safety and Environmental Enforcement (BSEE). The rule clarifies blowout preventer (BOP) system regulations and...more

Opportune LLP

A Cost Benefit Analysis of Increased OCS Bonding

Opportune LLP on

The Opportune 2023 Study has been conducted to independently calculate the OCS plugging and abandonment (P&A) liability, assess the risk such liability poses to the U.S. taxpayer, and perform a cost-benefit analysis of how...more

Vinson & Elkins LLP

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

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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

Bracewell LLP

BOEM Releases Proposed Rule on Supplemental Financial Assurance for OCS Lease and Grant Obligations

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On June 29, 2023, the Department of Interior’s Bureau of Ocean Energy Management (BOEM) published a proposed rule that, if adopted, would substantially revise the financial assurance requirements applicable to offshore oil...more

Holland & Knight LLP

Interior Department Proposes Rule to Secure Decommissioning of Offshore Oil, Gas Infrastructure

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The U.S. Department of the Interior, through its Bureau of Ocean Energy Management (BOEM), published a proposed rule on June 29, 2023, to significantly modify how the agency assesses the offshore oil and gas industry's...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

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

Vinson & Elkins LLP

BSEE Considerations In Establishing Decommissioning Liability Estimates For Offshore Facilities

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The federal Bureau of Safety and Environmental Enforcement (BSEE) directs decommissioning of facilities located in federal waters of the Outer Continental Shelf (OCS) that are used in performance of oil and gas exploration...more

Holland & Knight LLP

Fifth Circuit's Seaman Status Realignment Brings New Considerations for Offshore Oil & Gas and Wind Industry Operators

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Since the enactment of the Jones Act, courts have wrestled to define "seaman" and who is entitled to remedies under the Jones Act. The Jones Act grants a "seaman" a negligence cause of action against his employer and only a...more

Mayer Brown

Recent Legislative Proposals Could Drastically Change US Energy Taxation

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Over the past number of weeks, a variety of legislative proposals, from both sides of the aisle, have been released that, if enacted, could drastically impact the US energy industry and, in many cases, the taxation of energy...more

Orrick, Herrington & Sutcliffe LLP

State Attorneys General Update – April 2021

Federal Law Challenges by State Attorneys General - Attorneys General Challenge “Tax Mandate” Portion of American Rescue Plan - On March 11, 2021, President Joe Biden signed into law the $1.9 trillion “American Rescue Plan...more

Morgan Lewis

Update: EU, UK, and US Sanctions Against Turkey

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Recent sanctions imposed by the European Union, United Kingdom, and the United States on Turkey and certain Turkish persons will be of interest to European and American investors in Turkey’s defense and energy sectors. The...more

Vinson & Elkins LLP

Biden Administration Halts New Oil And Gas Leasing On Federal Public Lands: What You Need to Know

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On January 27, 2021, President Biden issued an executive order — effective immediately — directing the Secretary of the Interior to pause new oil and natural gas leases on federal public lands or offshore waters to the extent...more

WilmerHale

Public Lands Management in the Biden Era

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As the 2020 presidential campaign made clear, President-elect Biden plans to usher in a sharp shift in policy priorities across the federal government. We anticipate significant changes in the management of federal public...more

Morgan Lewis

Morgan Lewis Spark | Q3 2020 - Russian

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As Russia and countries around the world continue to grapple with the fallout from the current COVID-19 pandemic, guiding this review, we continue to hope that you and your loved ones are doing well. Please keep in mind that...more

Morgan Lewis

Morgan Lewis Spark | Q3 2020 - English

Morgan Lewis on

As Russia and countries around the world continue to deal with the repercussions of the ongoing COVID-19 pandemic, we continue to hope that you and your family are safe and healthy as you receive this update. Please know...more

Akin Gump Strauss Hauer & Feld LLP

As Bankruptcy Bells Ring in the Outer Continental Shelf, BSEE May Toll for You

In 2014, we wrote about efforts by the U.S. Department of Interior’s Bureau of Safety and Environmental Enforcement (BSEE) to require less traditional parties to fund the decommissioning of idle oil and gas wells and related...more

Dorsey & Whitney LLP

The Supreme Court - June 10, 2019

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The Supreme Court of the United States issued three decisions this morning:   Return Mail, Inc. v. Postal Service, No. 17-1594: The Patent Trial and Appeal Board was created by Congress in the Leahy-Smith America Invents...more

Baker Donelson

The Season of Giving Continues: Another Gift for the Oil & Gas Industry – A New Well Control Rule for OCS Operations

Baker Donelson on

On May 2, the Bureau of Safety and Environmental Enforcement (BSEE) issued the 2019 Well Control Rule (Rule), a long-awaited, revised (and final) well control and blowout preventer rule governing Outer Continental Shelf (OCS)...more

WilmerHale

Court Overturns Trump Administration Efforts to Revoke Withdrawal Status for Outer Continental Shelf Lands

WilmerHale on

On March 29, 2019, the United States District Court for the District of Alaska issued its ruling in a case challenging a presidential executive order which would have reversed withdrawals of Outer Continental Shelf (OCS)...more

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