The regulatory seascape for financial assurance related to offshore oil and gas production and decommissioning in federal waters has come in waves over the past decade, and like waves, the regulations often build momentum...more
The Bureau of Ocean Energy Management (“BOEM”) along with the Bureau of Safety and Environmental Enforcement (“BSEE”) recently proposed changes to “modernize” financial assurance requirements for the offshore oil and gas...more
The U.S. District Court for the Eastern District of Louisiana dismissed a Chapter 7 bankruptcy trustee’s claims against officers and inside directors of ATP Oil & Gas Corporation in Tow v. Bulmahn on Wednesday.
In Tow v....more
On July 15, 2016, the United States Department of the Interior Bureau of Ocean Energy Management (BOEM) issued a new Notice to Lessees and Operators (NTL) dramatically changing the way in which BOEM will evaluate the...more
What are the characteristics of the energy companies that are seeking bankruptcy protection at this point in the current cycle?
A: With respect to “upstream” sector companies that have sought bankruptcy protection over...more
Locke Lord is pleased to bring this important and timely discussion to Boston. By leveraging the extensive experience our lawyers bring to the table from the energy, restructuring & insolvency and private equity sectors, we...more
What steps should investors seeking opportunities in the energy sector take to conduct due diligence?
RK: It’s imperative that anyone looking to make a significant investment in today’s energy sector has a painstaking...more