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Leases Offshore Drilling Oil & Gas

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

Holland & Knight LLP

Interior Department Holds Largest Offshore Oil and Gas Lease Sale in Years

Holland & Knight LLP on

After months of delay, the U.S. Department of the Interior auctioned off 1.7 million acres for offshore oil and gas leases during Lease Sale 261 on Dec. 20, 2023. (See Holland & Knight's previous alert, "Interior Department...more

Bracewell LLP

BOEM Releases Proposed Rule on Supplemental Financial Assurance for OCS Lease and Grant Obligations

Bracewell LLP on

On June 29, 2023, the Department of Interior’s Bureau of Ocean Energy Management (BOEM) published a proposed rule that, if adopted, would substantially revise the financial assurance requirements applicable to offshore oil...more

Pillsbury Winthrop Shaw Pittman LLP

Oil Regulation 2020: United States

Key commercial aspects - 1 Describe, in general terms, the key commercial aspects of the oil sector in your country. The US oil industry is divided into three sectors: • upstream (exploration and production); •...more

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