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Bureau of Ocean Energy Management (BOEM) held its long-anticipated offshore wind lease sale for the federal Outer Continental Shelf (OCS) in the Gulf of Mexico (GOM) on Tuesday, August 29, 2023. million winning bid for the lease area offshore Louisiana, submitted by the provisional winner, RWE Offshore US Gulf, LLC (RWE).
The go-to energy conference, EnerCom Denver offers investment professionals the opportunity to listen to theworlds leading executive management teams outline their investment strategies. For the investment community, the EnerCom Denver conference provides top-level access to oil and gas company executive management teams.
The Bureau of Ocean Energy Management (BOEM) held its third Gulf of Mexico (GOM) Intergovernmental Renewable Energy Task Force meeting on July 27, 2022 (3 rd Meeting). Ultimately, for BOEM, the goal as of now is a GOM wind energy lease auction to take place in early 2023, although a concrete date was not given.
The 2 nd Annual Tulane Offshore Wind Conference capped off Louisiana Offshore Wind Week on Friday, January 19th. The conference included panels of offshore wind energy professionals discussing topics including leasing, permitting, financing, and the supply chain for US offshore wind energy.
11] The Coast Guard is not responsible for adjusting OPA limits for offshore facilities (other than deepwater ports). 11] The Coast Guard is not responsible for adjusting OPA limits for offshore facilities (other than deepwater ports). Those limits were last increased in 2018 to $137,659,500 by the Bureau of Ocean Energy Management. [12]
The go-to energy conference, EnerCom Denver offers investment professionals the opportunity to listen to theworlds leading executive management teams outline their investment strategies. For the investment community, the EnerCom Denver conference provides top-level access to oil and gas company executive management teams.
This is the first in a series of articles in which Liskow’s offshore team will discuss the regulatory framework for wind energy projects in federal waters and highlight legal issues pertinent to this dynamic area. To date, the development of offshore wind in federal waters has largely been limited to the east coast. federal waters.
On October 18, 2023, the EPA published a Supplemental Notice of Proposed Rulemaking (“SNPR”) regarding incidental discharges from vessels, proposing national performance standards under the Vessel Incidental Discharge Act (“VIDA”). The USCG will then have two years to develop and finalize corresponding regulations.
The Department of the Interior (“DOI”) recently published its semi-annual regulatory agenda, which includes two new planned rulemakings affecting federal offshore leases. 2023-N02 (March 24, 2023). 250.1409 (applicable to appeals of penalties assessed to federal offshore oil, gas, and sulphur leases) and § 290.4
What started in 2020 as a proposed joint rulemaking between the DOI’s Bureau of Safety and Environmental Enforcement (“BSEE”) and Bureau of Ocean Energy Management (“BOEM”) was recently finalized as a stand-alone BSEE rule addressing decommissioning. 23569 (April 18, 2023). The new regulations take effect on May 18, 2023.
On November 13, 2023, the U.S. Inhofe National Defense Authorization Act (NDAA) for Fiscal Year 2023. Inhofe National Defense Authorization Act (NDAA) for Fiscal Year 2023. The requirement for surveillance equipment is codified in 46, U.S.C.
On September 8, 2023, EPA and the U.S. For example, in Louisiana, the Department of Natural Resources’ Office of Coastal Management (OCM) regulates activities that occur in wetlands when they would have a significant impact on coastal resources and coastal waters of the state.
Under pressure from activist investor Elliott Management, which holds a 5% stake, BP is shifting focus back to fossil fuels, selling 10 U.S. onshore wind farms and spinning off offshore wind assets. billion in 2023, prompting cost-cutting measures, a 5% staff reduction, and slashed executive bonuses. GW capacity.
The two bureaus stated their focus for fiscal year (FY) 2022 would be on the development of regulations to address the IIJA requirement; accordingly, both BOEM and BSEE have budgeted funds for FY 2023 to develop such a framework. In the meantime, more questions than answers remain regarding the regulatory framework for offshore CCS.
On December 29, 2023, the USCG issued Maritime Safety Information Bulletin (MSIB) 13-2023, Change 1 , an updated version of MSIB 13-23, that now includes a Frequently Asked Questions section addressing compliance with the Safer Seas Act that was passed in December of 2022. 3 : USCG Oversight of Safety Management Systems on U.S.
This comes amid reports that activist hedge fund Elliott Management has taken a stake in the British oil major, potentially pressuring the board and executives for higher shareholder returns. Elliott Managements rumored stake in the company has fueled speculation. Auchincloss, Looneys CFO, was initially seen as a continuity candidate.
Over the past two years, 2023 and 2024, production levels have soared, investment strategies have shifted, and new regulatory frameworks have emerged. 2023 Production: ~6.0 2023 Production: ~6.0 billion in late 2023 further cemented its long-term commitment to the region. We analyze major U.S. 2024 Production: 6.3
On June 8, 2023, the Ocean Policy Committee (composed of members from the Council on Environmental Quality and Office of Science and Technology Policy) published a Request for Information, seeking input on developing an “Ocean Justice Strategy.” Comments are due by July 24, 2023.
On June 27, 2023, the EPA administratively closed its Title VI investigations into whether the Louisiana Department of Environmental Quality (“LDEQ”) and the Louisiana Department of Health’s (“LDH”) permits and other approvals regarding two facilities resulted in racial discrimination.
21-454 (May 25, 2023) is a landmark ruling in environmental law interpreting the scope of water bodies covered by the Clean Water Act (CWA) – an issue that has been debated by courts, presidential administrations, and federal agencies for decades. Supreme Court decision in Sackett v.
Global review of 2024 oil and gas discoveries Summary : In 2024, global oil and gas discoveries were reviewed, detailing key findings by region, resource type, operators, and terrain, compared to 2023. 20, 2025 appeared first on Oil and Gas Outsourcing and Mineral Management. The post Valor | Energy Connection Jan.
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