BOEM extends review period for proposed risk management guidance

The US Bureau of Ocean Energy Management extended by 2 weeks the time for stakeholders to review proposed criteria for determining a company’s financial ability to carry out obligations.

Nick Snow

Nov. 3, 2015

The US Bureau of Ocean Energy Management extended by 2 weeks the time for stakeholders to review proposed criteria for determining a company’s financial ability to carry out obligations.

The review period now will end on Nov. 23, the US Department of the Interior agency reported. The proposed guidance is available online at www.boem.gov/Risk-Management.

BOEM said it has met with numerous companies, both in groups and individually, since an Oct. 9 industry forum in Houston to review specific information. It said it strongly encourages all companies to contact the Risk Management Program directly to discuss individual needs and concerns.

Contact Nick Snow at [email protected].

About the Author

Nick Snow

NICK SNOW covered oil and gas in Washington for more than 30 years. He worked in several capacities for The Oil Daily and was founding editor of Petroleum Finance Week before joining OGJ as its Washington correspondent in September 2005 and becoming its full-time Washington editor in October 2007. He retired from OGJ in January 2020.