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BOEM Bonds

Holland & Knight LLP

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

Holland & Knight LLP on

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

Morgan Lewis

BOEM Unveils Tougher Guidelines for Supplemental Bonding on the US OCS

Morgan Lewis on

BOEM Unveils Tougher Guidelines for Supplemental Bonding on the US OCS July 21, 2016 The new guidelines restrict the ability of a company to rely on the financial strength of co-lessees to avoid additional supplemental...more

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