Of particular interest are mandated reviews of the:
- RIsk Management and Financial Assurance Rule: Those who want to gut this rule should come to the table with proposals that better protect the taxpayer from decommissioning liabilities. Pretending that decommissioning financial risks don’t exist or that they are someone else’s (or the govt’s) problem is unacceptable.
- 5 Year leasing program – This review is urgently needed. See this and this!
- BOP/Well Control Rule – This keystone safety rule has undergone multiple reviews in recent years. Because of the rule’s importance, further review for continuous improvement purposes may nonetheless be warranted. Here are the blog comments on the current version of the rule.
Not on the list, but should have been: A review of the fragmented regulatory regime for offshore pipelines, and the outdated and inconsistent regulations.
Bud's Offshore Energy (BOE) 