Tag Archives: BOEM

BOEM Issues ANPR to Update Financial Assurance Requirements for Outer Continental Shelf Operations

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The Bureau of Ocean Energy Management (BOEM) issued an advanced notice of proposed rulemaking (ANPR) on Risk Management, Financial Assurance, and Loss Prevention in an effort to update its financial assurance regulations for industrial operations on the Outer Continental Shelf (OCS). BOEM intends to develop more robust financial assurance requirements to address what the agency perceives as increasingly complex financial, commercial, functional, and business risks involving leases, Rights-of-Use and Easements (RUEs), Pipeline Rights-of-Way (ROWs) and facilities on the OCS. BOEM is soliciting [...]Read more