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

Russian Oil Vessels Forced to Divert From India Under US Sanctions

Two CK Hutchison-Operated Ports Near Panama Could See State Partnerships Take Over

DOT Announces New Funding as Ports Prioritize Propane-Powered Equipment

Current News

US Commerce Disorganization Stalls Thousands of Export Approvals

Russian Oil Vessels Forced to Divert From India Under US Sanctions

Hanseatic Global Terminals Launches Latin America Expansion

Two CK Hutchison-Operated Ports Near Panama Could See State Partnerships Take Over

Subscribe for Maritime Logistics Professional E‑News