Outer Continental Shelf

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  1. BOEM extends decommissioning requirements rule deadline

    Offshore staff WASHINGTON, D.C. – The Bureau of Ocean Energy Management (BOEM) has extended a deadline to implement more stringent financial assurance and risk management requirements to ensure that operators are able to pay for decommissioning procedures and the removal of offshore production facilities. In an update issued on Jan. 6, BOEM agreed to delay implementation, originally set for last September, by another six months to provide the agency and the industry with an “opportunity to focus on providing additional security for sole liability properties, and to allow an opportunity for additional time and conversation, including with interested stakeholders, regarding issues that arise in the context of non-sole liability properties.” Last July, the BOEM issued a final notice to lessees (NTL), which detailed procedures to determine an operator’s ability to carry out lease obligations in the offshore (NTL 2016-01). The directive updated decommissioning procedures for Outer Continental Shelf (OCS) oil, gas or sulfur leases, primarily in the Gulf of Mexico (GOM), and guided whether a lessee should be required to pay more to guarantee financial assurance. However, representatives of the US offshore oil and gas industry objected to the new rule , claiming the reforms were overly burdensome. The rule, according to industry experts, could force some smaller operators to sell their assets to companies better positioned to meet the significant costs of supplemental bonding. The rules also could influence investment decisions by larger producers, which might conclude that the US regulatory system to work offshore is too burdensome. Industry trade groups representing US GoM producers and operators asked the BOEM in November for more clarity about why the financial assurance changes were made. A group of offshore producers also launched a coalition in November whose first order of business was to oppose the risk management regulations. In its Jan. 6 announcement, the agency said that through its “continued engagement with industry, it has become apparent that navigating the multi-party business relationships that exist between co-lessees and predecessors-in-interest can prove challenging and time-consuming.” The agency recognized that because some properties may include several co-lessees and prior interest owners, “their existing financial arrangement may require assessing the extent to which these existing financial arrangements can be considered in determining whether BOEM needs additional security.” The BOEM said that exceptions would be made if the agency determined there was a “substantial risk of nonperformance” for some decommissioning liabilities. Even with the delay, BOEM encouraged interest holders to continue to propose and negotiate “tailored plans” for financial assurance. At the conclusion of its announcement, the agency said that: “Our goal is to ensure industry’s continued engagement in developing and implementing a risk management program that enables industry to meet its legal obligations and protects the American taxpayers from shouldering any liability for decommissioning the existing or future facilities on the OCS, while recognizing the industry’s current economic realities and concerns.” 01/16/2017 

    Online Articles

    Online Articles

    Mon, 16 Jan 2017

  2. Oil and Gas News: BOEM Denies Atlantic Seismic G&G Permits

    The decision is based on a number of factors, including a diminished need for additional seismic survey information because the Atlantic Program Area has been removed from the 2017-2022 Outer Continental Shelf Oil and Gas Leasing Program.

    Online Articles

    Online Articles

    Sat, 7 Jan 2017

  3. BOEM rejects Atlantic G&G permits amidst industry criticism

    The Bureau of Ocean Energy Management has denied six pending geophysical and geological permit applications to conduct airgun seismic surveys in the mid- and south planning areas of the Atlantic Ocean.

    Online Articles

    Online Articles

    Fri, 6 Jan 2017

  4. BOEM denies G&G permit applications for South and Mid-Atlantic OCS

    The US Bureau of Ocean Energy Management has denied six pending applications to conduct offshore oil and gas geological and geophysical (G&G) surveys on the US South and Mid-Atlantic Outer Continental Shelf . The Jan. 6 move came more than 4 years after BOEM set the stage for what would have been ...

    Online Articles

    Online Articles

    Fri, 6 Jan 2017

  1. Deepwater Wind pitches 120 MW Maryland offshore wind project

    Online Articles

    Online Articles

    Tue, 10 Jan 2017

  2. State officials wanted OCS off California included in permanent ban

    California Gov. Jerry Brown (D) and Coastal Commission Chair Dayna Bochco each asked US President Barack Obama on Dec. 13 to add federal waters off the state’s coast to portions of the US Outer Continental Shelf he permanently closed to future oil and gas activity a week later under Section 12-A of ...

    Online Articles

    Online Articles

    Wed, 28 Dec 2016

  3. Proposed outer Continental Shelf oil and gas leasing program

    On Wednesday, January 28, as required by the Outer Continental Shelf Lands Act, Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper announced the next step in the development of our nation's Outer Continental Shelf (OCS) Oil and Gas ...

    Online Articles

    Online Articles

    Mon, 9 Feb 2015

  4. BOEM announces proposed Outer Continental Shelf (OCS) oil and gas leasing program for 2012-2017

    The Bureau of Ocean Energy Management (BOEM) has announced its proposed Outer Continental Shelf (OCS) oil and gas leasing program for 2012-2017.

    Online Articles

    Online Articles

    Tue, 8 Nov 2011

  5. FERC, ocean agency revise guide on Outer Continental Shelf hydrokinetics

    The Federal Energy Regulatory Commission and the Bureau of Ocean Energy Management have issued revised guidelines for development of marine hydrokinetic projects on the U.S. Outer Continental Shelf .

    Online Articles

    Online Articles

    Mon, 23 Jul 2012

  6. BOEMRE to streamline offshore renewable energy development on Outer Continental Shelf

    The Bureau of Ocean Energy Management, Regulation and Enforcement will continue to push forward with a proposed rule that will eliminate a redundant step in the noncompetitive leasing process for commercial renewable energy development on the Outer Continental Shelf .

    Online Articles

    Online Articles

    Tue, 25 Jan 2011

  7. DOI cuts most Alaska tracts in latest 2017-22 OCS leasing-plan move

    The US Department of the Interior released a proposed final program (PFP) for the 2017-22 US Outer Continental Shelf oil and gas leasing that removed all tracts offshore Alaska. National oil and gas associations, other business organizations, and members of Alaska’s government immediately ...

    Online Articles

    Online Articles

    Mon, 21 Nov 2016

  8. Senators want offshore drilling ban on outer continental shelf

    A group of Democratic senators on Wednesday proposed permanently banning offshore drilling on the outer continental shelf off California, Oregon and Washington.

    Online Articles

    Online Articles

    Thu, 8 Oct 2015

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