Will MMS be Split in Two?

Wednesday, May 12, 2010

>The first political backlash from the recent explosion and sinking of Deepwater Horizon appears to be the Department of Interior’s Minerals Management Service, as it movement is reportedly underway to split the agency that polices the offshore drilling industry, according to articles in the May 12 edition of the Wall Street Journal.> >The impetus for the split? As currently configured, MMS is responsible both to ensure safety of oil drilling in federal waters, as well as collecting royalties from oil and gas companies. While there is no implication that MMS had a role in the recent Deepwater Horizon disaster, this dual role could potentially be viewed as a conflict of interest, as a continuous flow of oil bodes well for the bottom line.> >Stay tuned for what promises to be an active summer of hearings on Capitol Hill, and a number of significant changes to the way in which offshore oil and gas drillers conduct their business.>

Categories: Casualties Government Update Offshore

Related Stories

Aqua superPower, Tidal Transit Partner on Electric CTVs

EU Backs Offshore Vessel Charging Pilot in Denmark

US Container Imports Fall 3.2% in April, Descartes Reports

Current News

Dassault Systèmes, iHawk Deploy Virtual Twin Technology for Autonomous Cargo Operations

DNV Launches Hydrogen Fuel Recommended Practice

INTERCARGO Releases First Dedicated Dry Bulk STS Standard

AIIB to Lend $300m to Expand Philippines Port Connectivity

Subscribe for Maritime Logistics Professional E‑News