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Deepwater Horizon Oil Spill Disaster: Risk, Recovery, and Insurance Implications

Description: This report begins with a review of the Deepwater Horizon incident and identifies the limits of liability facing the operators of offshore oil rigs. The next two sections of the report examine risk management in the offshore energy exploration and production business, the scope of the oil spill financial responsibility and insurance requirements, and the marine insurance industry that offers specialized coverage for offshore oil and gas firms. The fourth section outlines the various approaches to compensating oil pollution victims, including compensation funds, commercial insurance, federal disaster assistance, and tort law. The report concludes with a discussion of four specific policy issue consideration for Congress, including new liability limits and insurance capacity, future insurability of offshore oil spill perils, availability of insurance, and the potential effects on domestic offshore energy production.
Date: July 12, 2010
Creator: King, Rawle O.
Partner: UNT Libraries Government Documents Department

Outer Continental Shelf Moratoria on Oil and Gas Development

Description: This report discusses moratoria measures for the outer continental shelf (OCS) which establish bans or restrictions on oil and gas exploration and development in federal ocean areas. It includes a background of offshore oil and gas development, the sources of U.S. moratorium policy, the background of ocean governance, U.S. moratoria in international areas, and related issues for congress.
Date: June 15, 2010
Creator: Hagerty, Curry L.
Partner: UNT Libraries Government Documents Department

Deepwater Horizon Oil Spill: Selected Issues for Congress

Description: On April 20, 2010, an explosion and fire occurred on the Deepwater Horizon drilling rig in the Gulf of Mexico. This resulted in 11 worker fatalities, a massive oil release, and a national response effort in the Gulf of Mexico region by the federal and state governments as well as BP. This report provides an overview of selected issues related to the Deepwater Horizon incident and is not intended to be comprehensive.
Date: May 27, 2010
Creator: Hagerty, Curry L. & Ramseur, Jonathan L.
Partner: UNT Libraries Government Documents Department

Deepwater Horizon Oil Spill: The Fate of the Oil

Description: This report discusses factors that impact an oil spill's fate, and the federal government's oil budget estimates. The report provides figures on flow rate estimates during response, fate of oil in a marine environment, federal government's oil budget, etc.
Date: January 5, 2011
Creator: Ramseur, Jonathan L.
Partner: UNT Libraries Government Documents Department

Deepwater Horizon Oil Spill: Selected Issues for Congress

Description: On April 20, 2010, an explosion and fire occurred on the Deepwater Horizon drilling rig in the Gulf of Mexico. This resulted in 11 worker fatalities, a massive oil release, and a national response effort in the Gulf of Mexico region by the federal and state governments as well as BP. This report provides an overview of selected issues related to the Deepwater Horizon incident and is not intended to be comprehensive.
Date: June 18, 2010
Creator: Hagerty, Curry L. & Ramseur, Jonathan L.
Partner: UNT Libraries Government Documents Department

Deepwater Horizon Oil Spill: Selected Issues for Congress

Description: On April 20, 2010, an explosion and fire occurred on the Deepwater Horizon drilling rig in the Gulf of Mexico. This resulted in 11 worker fatalities, a massive oil release, and a national response effort in the Gulf of Mexico region by the federal and state governments as well as BP. Based on estimates from the Flow Rate Technical Group, which is led by the U.S. Geological Survey, the 2010 Gulf spill has become the largest oil spill in U.S. waters. The oil spill has damaged natural resources and has had regional economic impacts. In addition, questions have been raised as to whether offshore regulation of oil exploration has kept pace with the increasingly complex technologies needed to explore and develop deeper waters. This report provides an initial overview of Deepwater Horizon-related issues for Congress, and refers readers to in-depth CRS reports on specific issues.
Date: July 15, 2010
Creator: Hagerty, Curry L. & Ramseur, Jonathan L.
Partner: UNT Libraries Government Documents Department

U.S. Rail Transportation of Crude Oil: Background and Issues for Congress

Description: This report discusses the challenges in the transportation of oil, as refineries that once received crude oil principally from oceangoing tankers are now seeing increasing deliveries by domestic transport. It also outlines possible issues for Congress including rail transport of oil versus pipelines, and the possible increase of oil spills from rail transport.
Date: December 4, 2014
Creator: Frittelli, John; Andrews, Anthony; Parfomak, Paul W.; Pirog, Robert; Ramseur, Jonathan L. & Ratner, Michael
Partner: UNT Libraries Government Documents Department

Oil Sands and the Keystone XL Pipeline: Background and Selected Environmental Issues

Description: This report focuses on selected environmental concerns raised in conjunction with the proposed pipeline and the oil sands crude it will transport. As such, the environmental issues discussed in this report do not represent an exhaustive list of concerns raised by environmental groups.
Date: February 21, 2013
Creator: Ramseur, Jonathan L.; Lattanzio, Richard K.; Luther, Linda; Parfomak, Paul W. & Carter, Nicole T.
Partner: UNT Libraries Government Documents Department

Oil Industry Financial Performance and the Windfall Profits Tax

Description: This report discusses the fourth option: the windfall profit tax. The report analyzes the major oil companies profit performance, a brief legislative history of windfall profit tax proposals and legislation in both the 109th and 110th Congresses, and the idea of a windfall profits tax, including experiences with the tax of the 1980s, its viability, and potential role in the tax system and economy.
Date: September 30, 2008
Creator: Lazzari, Salvatore & Pirog, Robert
Partner: UNT Libraries Government Documents Department

Outer Continental Shelf Moratoria on Oil and Gas Development

Description: This report discusses moratoria measures for the outer continental shelf (OCS) which establish bans or restrictions on oil and gas exploration and development in federal ocean areas. It includes a background of offshore oil and gas development, the sources of U.S. moratorium policy, the background of ocean governance, U.S. moratoria in international areas, and related issues for Congress.
Date: April 7, 2010
Creator: Hagerty, Curry L.
Partner: UNT Libraries Government Documents Department

U.S. Offshore Oil and Gas Resources: Prospects and Processes

Description: This report examines questions around lifting the moratoria on Outer Continental Shelf (OCS) exploration and production and the significance of the change on U.S. oil and natural gas supplies and markets. The report presents the current U.S. oil and gas supply-and-demand picture and provides a discussion of legislative issues, resource assessments, the leasing system, and environmental and social issues associated with offshore oil and gas development.
Date: April 26, 2010
Creator: Humphries, Marc & Pirog, Robert
Partner: UNT Libraries Government Documents Department

Outer Continental Shelf Moratoria on Oil and Gas Development

Description: This report discusses moratoria measures for the outer continental shelf (OCS) which establish bans or restrictions on oil and gas exploration and development in federal ocean areas. It includes a background of offshore oil and gas development, the sources of U.S. moratorium policy, the background of ocean governance, U.S. moratoria in international areas, and related issues for congress.
Date: March 23, 2010
Creator: Hagerty, Curry L.
Partner: UNT Libraries Government Documents Department

The Department of the Interior's Final Rule on Offshore Well Control

Description: This report discusses regulations regarding blowout preventer systems and well control for oil and gas operations on the U.S. outer continental shelf (81 Fed. Reg. 25887). The regulations aim to reduce the risk of an offshore oil or gas blowout that could jeopardize human safety and harm the environment.
Date: June 16, 2016
Creator: Comay, Laura B.
Partner: UNT Libraries Government Documents Department