News & Analysis as of

Outer Continental Shelf Oil & Gas

Troutman Pepper Locke

Secretary of the Interior Burgum Fuels A Surge of Day One Energy Orders

Troutman Pepper Locke on

Newly confirmed Interior Secretary Doug Burgum wasted little time implementing many of President Trump’s initial energy executive orders (EOs), unleashing a round of Secretary’s Orders (SOs) this past Monday that push fossil...more

Oliva Gibbs

An Update on the Offshore Oil and Gas Development Ban

Oliva Gibbs on

On January 20, President Trump issued several executive orders taking aim at former President Biden’s offshore oil and gas development bans, as well as overturning several other actions designed to boost climate protections....more

Adler Pollock & Sheehan P.C.

The Outer Continental Shelf Lands Act and Offshore Wind Contract Disputes

Dueling Executive Orders In recent weeks, outgoing President Joe Biden and incoming President Donald Trump each issued a Presidential Memorandum to withdraw extensive areas of the Outer Continental Shelf (OCS) for future...more

Holland & Knight LLP

Understanding President Joe Biden's Offshore Drilling Restrictions

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In his final days in office, President Joe Biden has exercised his executive authority to withdraw more than 625 million acres of federal waters from future oil and gas leasing – the largest withdrawal of its kind in U.S....more

Oliva Gibbs

Offshore? Not So Fast: Biden’s New Drilling Block

Oliva Gibbs on

On January 6, President Biden announced an executive action affecting offshore drilling prior to the end of his term. Biden has issued a decree that will “permanently ban” new offshore oil and gas development in large...more

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

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

Vinson & Elkins LLP on

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 & Reese

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

Adams & Reese on

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

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

Bracewell LLP

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

Bracewell LLP on

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

Holland & Knight LLP on

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

Jones Day on

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

Morgan Lewis on

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

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