Bud's Offshore Energy (BOE)

From the West Australian:

A new system to regulate the offshore gas and oil industry – a direct response to the 2009 Montara north of the Kimberley – has been approved by the Federal Parliament’s lower house.

Under the changes, the seven state and territory authorities will be replaced by a single Commonwealth body, the National Offshore Petroleum Safety and Environmental Management Authority.

It will regulate all safety issues from exploration to well decommissioning.

In the US, the jurisdictional conflicts (offshore) differ in that they typically involve multiple Federal regulators with overlapping jurisdiction and different priorities. Since most of the necessary streamlining would only involve Federal agencies, one would think that regulatory reform would be achievable, especially after a major blowout that killed eleven. Unfortunately, meaningful US reform appears to be highly unlikely.