BOEM extends proposed higher offshore liability limit comment period

The US Bureau of Ocean Energy Management added 30 days to the public comment period for its proposed higher liability limit for offshore oil and gas operators (OGJ Online, Feb. 24, 2014).

Comments now will be accepted until Apr. 25, the US Department of the Interior agency said in a notice published in the Mar. 19 Federal Register.

BOEM originally limited the comment to 30 days because it did not expect the proposed rulemaking to be controversial. The proposal to raise the limit to $133.65 million from $75 million would be the first increase since the 1990 Oil Pollution Act became law, BOEM Director Tommy P. Beaudreau said when he announced it on Feb. 24.

It would establish adjustments every 3 years to cover changes in inflation under the US Bureau of Labor Statistics’ Consumer Price Index. It also would be the biggest increase BOEM could implement without legislation, Beaudreau added.

BOEM said in its latest notice that it has received numerous comments since the proposal was announced. Many groups have asked for more time to review and analyze the proposed rule’s implications, it indicated.

Contact Nick Snow at nicks@pennwell.com.

Related Articles

Market watch: Energy futures prices rose slightly Friday

05/06/2002 Crude oil futures prices rose slightly Friday amid lingering uncertainty about a possible disruption of Middle East supplies, although tensions in ...

Gulf of Mexico oil service sector showing signs of an upturn

05/06/2002 The Gulf of Mexico oil service sector is experiencing the signs of an upturn, analysts with Simmons & Co. International, UBS Warburg LLC, and RBC D...

OTC: Industry, national agencies need to work together to make FPSOs work in the gulf

05/06/2002 Over the coming years, the oil and gas industry will have to keep an open line of communication with national agencies such as the US Coast Guard a...

Market watch: Energy futures prices fall as Iraq lifts embargo

05/07/2002 Crude oil futures prices fell Monday after Iraq announced plans to lift a self-imposed export embargo with exports expected to resume by Wednesday.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected