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Offshore Conventional And Renewable Energy Development News

18 Aug 2014

BOEM to Modernize Financial Assurance and Risk Management

The Bureau of Ocean Energy Management (BOEM) today issued an Advanced Notice of Proposed Rulemaking (ANPR) on Risk Management, Financial Assurance, and Loss Prevention to seek public input as it considers modernizing its risk management program and bonding regulations for offshore oil and gas operations on the Outer Continental Shelf. This first step initiates a dialogue about BOEM’s existing regulations, which are approximately 20 years old and have not kept pace with offshore infrastructure developments, including deepwater operations, current industry practices, and the growing costs of decommissioning. “We would like to work with industry and others to determine how to improve our regulatory regime to better align with the realities of aging offshore infrastructure…

30 Dec 2011

BOEM Completes Draft Environmental Review

Public Hearings scheduled for Central and Western Gulf of Mexico Lease Sales. The Bureau of Ocean Energy Management has completed a draft environmental impact statement regarding multiple oil and gas lease sales tentatively scheduled between 2012 and 2017 in the Western and Central Gulf of Mexico planning areas, offshore the states of Texas, Louisiana, Mississippi and Alabama. The proposed Outer Continental Shelf Oil and Gas Leasing Program: 2012-2017 schedules five annual area-wide lease sales in the Western Gulf and five in the Central Gulf. “The draft environmental impact statement evaluates baseline conditions and potential environmental effects of oil and natural gas leasing, exploration, development and production in the Western and Central Gulf,” said BOEM Director Tommy P.