News & Analysis as of

Offshore Lease

Sheppard Mullin Richter & Hampton LLP

Central Atlantic Auction – Key Takeaways and Next Steps

On August 14, the Bureau of Ocean Energy Management (BOEM) held an auction for two offshore wind areas in the Central Atlantic off the coasts of Delaware, Maryland and Virginia. While seventeen companies were qualified to bid...more

BCLP

The Wait for CATOs is Nearly Over... Volume 4

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As part of the government’s wider review of the electricity transmission network via the Integrated Transmission Planning and Regulation Project, and after its successful introduction of competition to offshore transmission...more

Perkins Coie

Full Speed Ahead—BOEM’s Offshore Wind Leasing Strategy Sailing Toward Full Implementation in 2024

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Notwithstanding supply chain challenges, canceled power purchase agreements, and general economic and political uncertainty, the Bureau of Ocean Energy Management (BOEM) has continued its push to implement its renewable...more

Holland & Knight LLP

Energy Chairman Manchin's Permitting Bill Moves Through Committee in Careful Balancing Act

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After two years of continuous behind-the-scenes work, Sen. Joe Manchin (I-W.Va), who chairs the U.S. Senate Committee on Energy and Natural Resources, joined by Sen. John Barrasso (R-Wyo.), released S. 4753, the Energy...more

McGuireWoods LLP

Final Sale Notice Announced for Wind Lease Areas Off Delaware/Maryland and Virginia

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After a lengthy process to identify potential offshore wind energy areas that originated in 2022, on June 28, 2024, the U.S. Department of the Interior announced the auction date for two offshore wind lease areas...more

Perkins Coie

Floating Offshore Wind in the Gulf of Maine—BOEM and the State of Maine Take Next Steps Toward Development and Procurement of...

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Marching toward its goal of deploying 30 gigawatts (GW) of offshore wind by 2030, the Bureau of Ocean Energy Management (BOEM) published on May 1, 2024, a proposed sale notice (PSN) to auction eight lease areas for commercial...more

K&L Gates LLP

Calming the Seas for Offshore Wind: Renewable Energy Modernization Rule Seeks to Boost Regulatory and Financial Certainty for Wind...

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On 24 April 2024 the Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE) issued a final rule to update regulations for renewable energy development on the US Outer...more

Perkins Coie

Oregon Offshore Wind Watch—BOEM Publishes Proposed Sale Notice and Draft Environmental Assessment

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The Bureau of Ocean Energy Management (BOEM) published a proposed sale notice for an offshore wind energy lease auction in Oregon on May 1, 2024.[1] The Oregon lease sale is anticipated to occur in October 2024. Comments on...more

Vinson & Elkins LLP

BOEM Releases Tougher Financial Assurance Requirements for Offshore Oil and Gas Operations

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New and additional bonding requirements for certain companies operating on the Outer Continental Shelf (“OCS”) will take effect in June as a result of a recent rulemaking. These new requirements will be phased in over a...more

Locke Lord LLP

Riding the Regulatory Wave: BOEM ‎Issues New Rules for Surfing the ‎Provision of Financial ‎Assurance

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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

Holland & Knight LLP

Interior Department Announces Rule on Financial Assurance for Offshore Oil and Gas

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For a decade, the U.S. Department of the Interior has wrestled with financial assurance (or bonding) requirements for offshore oil and gas companies. Over the last 10 years, the Interior Department has released – and later...more

Nossaman LLP

Advocacy Groups File Endangered Species Act Suit Against Virginia Offshore Wind Project

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On March 18, three advocacy organizations and their members filed a lawsuit challenging an offshore wind project against the National Marine Fisheries Service (NMFS) and the Bureau of Ocean Energy Management (BOEM). The...more

Locke Lord LLP

BOEM Proposes to Go Another Round in ‎the Gulf of Mexico in ‎‎2024, ‎With Some Twists

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In the world of offshore wind, the Bureau of Ocean Energy Management’s (“BOEM”) Gulf of Mexico region is known for its independent streak. The proposed sale notice (PSN) for its second Gulf of Mexico wind sale in two years...more

Perkins Coie

Floating Offshore Wind in the Gulf of Maine—BOEM Announces Next Steps Toward Development

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The Bureau of Ocean Energy Management (BOEM) announced on March 18, 2024, the identification of a final Wind Energy Area (WEA) of 2,000,902 acres for commercial leasing and potential development of floating wind on the Outer...more

Locke Lord LLP

Survive and Advance: BOEM’s Gulf of Maine Leasing Process Makes It to the Next Round, but Can It Reach the Finals in 2024?

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Of the four lease sales the Bureau of Ocean Energy Management (BOEM) expects to hold this year, the Gulf of Maine is shaping up to be the Big Dance. With some of the strongest winds on the East Coast, the Gulf of Maine is...more

Foley Hoag LLP - Energy & Climate Counsel

BOEM Finalizes Wind Energy Area in the Gulf of Maine with Significant Floating Offshore Wind Potential

The U.S. Bureau of Ocean Energy Management (“BOEM”) recently announced the finalization of a Wind Energy Area (“WEA”) in the Gulf of Maine. According to BOEM’s press release, the Final WEA “has the potential to support...more

Perkins Coie

Oregon Offshore Wind Watch—Examining BOEM’s Final Wind Energy Areas and Scoping Notice

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In support of the Biden administration’s goal of 15 gigawatts (GW) of floating wind by 2040 and Oregon’s goal of 3 GW of offshore wind by 2030, the Bureau of Ocean Energy Management (BOEM) recently announced its selection of...more

Locke Lord LLP

BOEM Floats Another Oregon Milestone: Final Wind Energy Areas Designated

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On February 13, 2024, the Bureau of Ocean Energy Management (BOEM) designated two final Wind Energy Areas (WEAs) for the development of floating offshore wind energy projects off the southern coast of Oregon. This...more

Nossaman LLP

BOEM and NOAA Fisheries Announce Final North Atlantic Right Whale and Offshore Wind Strategy

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On January 25, the Bureau of Ocean Energy Management (BOEM) and the National Oceanic and Atmospheric Administration (NOAA) Fisheries released a final North Atlantic Right Whale and Offshore Wind Strategy (the “Strategy”). The...more

Holland & Knight LLP

Nuevos vientos para la energía eólica en Colombia, la apuesta Offshore

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En este episodio de "A Lo Legal En Par Minutos", el socio Edwin Cortés Mejía habla con Natalia Suárez, asociada de la práctica de energía, sobre la producción de energía eólica offshore en Colombia. Los abogados discuten las...more

Holland & Knight LLP

Appeals Court Restores Offshore Oil, Gas Lease Sale Without Rice's Whale Protections

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The U.S. Court of Appeals for the Fifth Circuit on Nov. 14, 2023, dismissed claims brought by environmental groups challenging offshore oil and gas Lease Sale 261. The court ordered that the sale take place within 37 days of...more

Holland & Knight LLP

Interior Department Announces Five-Year Lease Plan for Offshore Oil and Gas

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The U.S. Department of the Interior on Sept. 29, 2023, announced its long-awaited Five-Year Offshore Leasing Plan as required by the Outer Continental Shelf Lands Act (the Plan)....more

Eversheds Sutherland (US) LLP

BOEM’s inaugural Gulf of Mexico wind lease auction results in a measured start for promising region

BOEM held its first-ever auction for wind energy lease areas in the Gulf of Mexico on August 29, 2023. The three lease areas up for auction covered a combined 301,746 acres off the coast of Lake Charles, Louisiana, and...more

White & Case LLP

Pivot potential: A deep dive into offshore wind in the Gulf of Mexico

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After years of blunted growth and false starts, the US is finally scaling up offshore wind. While most progress had been spurred by state policies incenting projects in the Atlantic Ocean off the East Coast, the federal...more

Davis Wright Tremaine LLP

A Key Step in Promoting Offshore Wind Projects Off the Oregon Coast

The Bureau of Ocean Energy Management (BOEM) yesterday released two Draft Wind Energy Areas (WEAs) off the Oregon Coast and set a 60-day public comment period that will include multiple public meetings and an Oregon...more

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