Comments Sought on Potential Changes to Financial Assurance Requirements

The Interior Department’s Bureau of Ocean Energy Management recently announced its issuance of an Advanced Notice of Proposed Rulemaking regarding its consideration of modernizing the agency’s risk management program and bonding regulations for offshore oil and gas operations.  Comments are due by Monday, Oct. 20. The announcement notes that BOEM’s existing regulations are ~20 years… More »

Treasury Dept. Announces Interim Gulf Coast Restoration Trust Fund Regulations

The U.S. Treasury Department has announced that it is seeking comments by Monday, Sept. 15 on interim final regulations addressing the investment and use of amounts deposited into the Gulf Coast Restoration Trust Fund established by the RESTORE Act of 2012.  The interim final rule becomes effective Tuesday, Oct. 14. The RESTORE Act tasks the… More »

Marine and Terrestrial Critical Habitat Designated for Loggerhead Sea Turtle DPS

NOAA’s National Marine Fisheries Service (NMFS) recently announced a final rule designating areas in the Atlantic Ocean and Gulf of Mexico that are within the Northwest Atlantic Ocean loggerhead sea turtle Distinct Population Segment (DPS) as critical habitat. The loggerhead sea turtle was originally listed as threatened in 1978, and the Northwest Atlantic Ocean DPS… More »

DOI Issues Report on its Contributions to Economy

The Interior Department recently announced the release of the “U.S. Department of the Interior Economic Report”for Fiscal Year 2013 in which the Office of Policy Analysis estimates the Department’s economic contributions, including energy and mineral development on public lands.  Overall, the report concludes that the Interior Department contributed $360 billion to the domestic economy and… More »