The Bureau of Ocean Energy Management (BOEM) announced Jan. 25 it increased the maximum daily civil monetary penalties contained in BOEM regulations, effective immediately.
For violations under the Outer Continental Shelf Lands Act, BOEM raised the maximum civil monetary penalties per day per violation to $54,352, up from the 2023 max of $52,646 per day. and to $57,617, up from $55,808 per day in 2023 for violations under the Oil Pollution Act of 1990.
BOEM published the final rule on Jan. 25, in accordance with the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 that requires federal agencies to adjust the level of civil monetary penalties for inflation annually.
Recommended Reading
Deepwater Roundup 2024: Offshore Africa
2024-04-02 - Offshore Africa, new projects are progressing, with a number of high-reserve offshore developments being planned in countries not typically known for deepwater activity, such as Phase 2 of the Baleine project on the Ivory Coast.
Deepwater Roundup 2024: Americas
2024-04-23 - The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.
E&P Highlights: March 25, 2024
2024-03-25 - Here’s a roundup of the latest E&P headlines, including a FEED planned for Venus and new contract awards.
Petrobras Not in a Race with Guyana to Boost Production, CEO Says
2024-05-14 - While Brazil and Guyana aren’t necessarily competing to see which country can produce more oil, Petrobras’ CEO Jean Paul Prates jokingly said Brazil was winning, while adding that Bolivia’s falling production was an opportunity for Argentina.
Third Suriname Find for Petronas, Exxon Could Support 100,000 bbl/d FPSO
2024-05-17 - A recent find offshore Suriname in Block 52 by Petronas and Exxon Mobil could support a 100,000 bbl/d FPSO development, according to Wood Mackenzie.