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Oil Spill Liability: OPA 90 v. the IMO’S CLC

The Energy Law

4 However, only ships carrying more than 2,000 tons of oil are required to carry insurance for oil pollution. Similar to OPA 90, vessels required to carry insurance must carry enough to cover their potential liability for an oil spill. 2 Single hulled tankers are not allowed to operate in the U.S.

Oil 105
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Texas — Right to Arbitate Waived Without Proof of Prejudice to Opposing Party

The Energy Law

and Warranty Underwriters Insurance Company. After completing discovery and shortly before a scheduled trial date, the Culls asked the trial court to stay the lawsuit and compel arbitration. The Supreme Court of Texas reversed the judgments below, vacated the arbitration award, and remanded the case “for a prompt trial.”

Casing 40
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Highly Anticipated En Banc Fifth Circuit Opinion Reframes Maritime Contract Analysis

The Energy Law

The case called upon the court to determine whether a contract for performance of specialty services to facilitate the drilling or production of oil and gas on navigable waters is maritime in nature. In a highly anticipated ruling, the United States Fifth Circuit Court of Appeals issued its en banc decision in In re: Larry Doiron, Inc. ,

Oil 40
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Top 10 Labor and Employment Issues in Bankruptcy Continued

The Energy Law

Chapter 11 Reorganization: If the Company files a Chapter 11 reorganization, then the company may choose to continue its health care coverage or it may be able to terminate the health plan entirely, in which case there would be no obligations under COBRA. If it reorganizes and retains health care coverage, then obligations under COBRA remain.

E&A 52
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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

In most cases of default of a current lessee or owner of operating rights, BSEE will call upon a prior interest owner to perform the required decommissioning. A prior lessee could be held liable for decommissioning a hurricane-toppled platform years after its exit and completion of all lease decommissioning obligations.

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Top 10 Labor and Employment Issues in Bankruptcy Continued

The Energy Law

Chapter 11 Reorganization: If the Company files a Chapter 11 reorganization, then the company may choose to continue its health care coverage or it may be able to terminate the health plan entirely, in which case there would be no obligations under COBRA. If it reorganizes and retains health care coverage, then obligations under COBRA remain.

E&A 40
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Department of Interior Proposes New Financial Assurance and Decommissioning Regulations

The Energy Law

In most cases of default of a current lessee or owner of operating rights, BSEE will call upon a prior interest owner to perform the required decommissioning. A prior lessee could be held liable for decommissioning a hurricane-toppled platform years after its exit and completion of all lease decommissioning obligations.