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…
ABS, MMS Sign Agreement
ABS has signed a Memorandum of Agreement (MOA) with the U.S. operations. verify compliance with applicable regulatory requirements. improving the safety, pollution prevention and operational efficiency of offshore oil and gas facilities. This formal agreement is an outgrowth of the longstanding relationship between ABS and MMS. For example, ABS authored the technical requirements for the MMS Platform Verification Program in 1979. This applies to offshore oil and gas production and drilling platforms working on the U.S. Outer Continental Shelf. helping the offshore community meet the many technical and safety challenges associated with deepwater developments. At a ceremony in Washington, D.C., today ABS President and Chief Operating Officer Robert D.
ABS and MMS to Collaborate
ABS has signed a Memorandum of Agreement (MOA) with the U.S. operations. verify compliance with applicable regulatory requirements. offshore oil and gas facilities. between ABS and MMS. for the MMS Platform Verification Program in 1979. offshore oil and gas production and drilling platforms working on the U.S. Outer Continental Shelf. challenges associated with deepwater developments. Officer Robert D. Somerville and MMS Deputy Director Walter D. Ph.D., signed the landmark memorandum. environment," said Somerville. production," he added.
