BOEM Withdraws Financial Assurance Rules For Trump Administration Review

More stringent financial assurance requirements for offshore production facilities, roundly criticized by the oil and gas industry, were withdrawn late Friday to allow the Trump administration time to review them.

February 21, 2017

Interior Pressed on Rationale For Updating Offshore Financial Assurance Rules

Four industry trade groups on Monday submitted requests to the Department of Interior and its Bureau of Ocean Energy Management (BOEM) seeking information about why changes were made to financial assurances and bonding requirements for Gulf of Mexico oil and natural gas producers.

November 8, 2016

Interior’s BSEE Wants Assurance Offshore Operators Can Finance Oil, NatGas Pipe Decommissioning

In an effort to ensure oil and natural gas operators working on the Outer Continental Shelf (OCS) have enough financial resources, the Department of Interior’s Bureau of Safety and Environmental Enforcement (BSEE) is proposing that entities holding rights-of-way (ROW) report actual costs incurred when their pipes are decommissioned.

August 18, 2016

Future of California Nuke Site: Cloudy, Not ‘Gassy’

The now-closed 2,200 MW, 438-acre San Onofre Nuclear Generating Station (SONGS) could be totally shuttered and, decommissioned in 10 years, an official with the Nuclear Regulatory Commission (NRC) told a California state Senate Energy, Utilities and Communications Committee hearing in Sacramento Tuesday.

August 16, 2013

Report: Niche Business Awaits in Closing Coal Plants

Driven by more stringent environmental regulations and low-priced natural gas, many aging coal-fired generation plants will be closed during the next seven years, creating a business for decommissioning services that will exceed $5 billion, according to a report by Boulder, CO-based Navigant Research.

August 12, 2013

Tennessee Issues Force Majeure Following Blast on Vessel Offshore Louisiana

An explosion occurred late Tuesday in the engine room of a commercial diving vessel that was decommissioning a small segment of ANR Pipeline offshore Louisiana, sending six crew members of the vessel to area hospitals, said a spokesman for TransCanada, which owns ANR. The U.S. Coast Guard still is searching for one unaccounted member of the crew.

March 13, 2008