On April 14, 2016, the Department of the Interior (DOI), through the Bureau of Safety and Environmental Enforcement (BSEE), released a final rule establishing requirements for certain offshore oil and gas drilling.
Deepwater Horizon
Interior Releases Final Rule For Blowout Prevention Systems And Well Control In Offshore Drilling Operations
By Kayla Byers, Bonnie Heiple, Mark Kalpin | WilmerHaleSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.BP Reaches Agreement With Gulf States To Pay Historic $18.5 Billion Settlement Over Deepwater Horizon
By Haley Gregory | Butler Snow LLP
On July 2, 2015, BP reached an agreement in principle with five Gulf States to settle claims against the company arising from the Deepwater Horizon oil spill in 2010.
BP’s long, flammable nightmare is finally over. It has agreed to a record settlement to cash out all of the federal and state claims against it arising from the Deepwater Horizon oil spill. From the Wall Street Journal: BP PLC on Thursday agreed to pay $18.7 billion to settle all federal and state claims arising… Keep reading →
Five Years In The Making: Improved Safety For Offshore Oil And Gas Development
By James Auslander & John Cossa | Beveridge & Diamond PC
Sometimes new regulations come out of nowhere. And sometimes it is just a matter of time. Last week’s unveiling of the Bureau of Safety and Environmental Enforcement’s (“BSEE”) offshore blowout preventer and well control regulations falls into the latter camp.
New Offshore Oil Regulations Respond To Key Failures Of Deepwater Horizon Spill
By Enerknol Research
Insight for Industry – New Offshore Regulations Respond to Key Failure On April 13, 2015, the Department of the Interior’s (DOI) Bureau of Safety and Environmental Enforcement (BSEE) proposed new offshore oil and gas regulations that will cost the industry hundreds of millions of dollars. However, offshore oil and gas producers will have several years… Keep reading →
Just a few days shy of five years after the Deepwater Horizon explosion that killed 11 people and spilled nearly 5 million barrels of oil in to the Gulf of Mexico, the Obama administration has proposed safety regulations. The activist group Public Citizen called the long wait “an indictment of our regulatory process,” but U.S.… Keep reading →
Gulf Of Mexico Poised For Oil And Gas Production Growth
By Enerknol Research
BOEM Lease Sale 246 to Offer all Available Acreage in Western GOM for Oil and Gas Activity The Gulf of Mexico (GOM) accounts for the majority of oil and gas production on the Outer Continental Shelf (OCS). On March 2, 2015, the Bureau of Ocean Energy Management (BOEM) announced that its proposed Gulf of Mexico… Keep reading →
BP is preparing for a legal decision in January regarding the company’s penalty under the Clean Water Act for oil spilled as a result of the Macondo well blowout and tragic Deepwater Horizon accident that occurred in the Gulf of Mexico 2010. BP is seeking to cap the amount of the civil penalty at $12.3… Keep reading →
Energy Quote of the Day: ‘We Have Research on Burrowing Clams with Hydrocarbon Traces…’
By Jared Anderson
An exciting new research initiative has amassed over 18 terabytes of data from more than 200 scientific studies covering Gulf of Mexico ecosystems. The program called the Gulf of Mexico Research Initiative Information & Data Cooperative (GRIIDC) allows scientific researchers to share information and data through an easily accessible web-based platform. “We have research on… Keep reading →
Deepwater Horizon Ruling Puts Focus on Prevention
By Gregory Linsin | Blank Rome LLP
A US judge’s decision to slap BP with a finding of gross negligence in the Deepwater Horizon oil spill case could have a ripple effect on shipowners, maritime lawyers say.
Last week’s decision by District Judge Carl Barbier exposes the UK-headquartered energy giant to up to $18bn in fines for the 2010 drillship incident because, under the same US laws that cover tanker spills, civil penalties are quadrupled in cases of gross negligence compared with “ordinary negligence”.
BP is widely expected to appeal to the Fifth Circuit Court of Appeals, whose decisions are binding across most of the oil production belt of the US Gulf Coast.
