OTC: Government regulations won't eliminate risks, panelists say

Government regulators can work with oil and gas producers to monitor data, but this does not eliminate the risk of incidents such as the 2010 Deepwater Horizon disaster, panelists said in a May 2 session of the Offshore Technology Conference in Houston. Rather, the goal of the US Bureau of Safety and Environmental Enforcement and the Bureau of Ocean Energy Management is to put rules into place to mitigate risk and avoid such incidents. Christopher Smith, deputy assistant secretary with the US Department of Energy, said the key for the three new agencies—BSEE, BOEM, and the Office of Natural Resources Revenue—that resulted from the demise and reorganization of the US Minerals Management Se...

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