OIL/REGULATIONS/TRUMP AS PRESIDENT: “Federal regulators next week will unveil proposed changes to a major rule passed in the wake of the 2010 Deepwater Horizon disaster, which the Trump administration says it can revise to be less of a burden on offshore oil drillers without compromising safety. The existing rule—six years in the making and known as the ‘well-control rule’—was completed in the final year of President Barack Obama’s second term, and governs everything from the use of blowout preventers like the device that failed in the Deepwater Horizon spill, to the amount of pressure drillers must maintain to avoid accidents. But the rule, the broadest of several completed after the 2010 spill, has been a point of contention with the oil-and-gas industry, which objects to some of the costs of complying with its safety measures and what the industry says is an overly prescriptive approach by the government to regulating oil production. Among the changes in the proposed rule, which is to be sent Friday [4-27-18] for publication next week, are the elimination of a requirement that Bureau of Safety and Environmental Enforcement vet the third-party vendors who inspect offshore oil equipment for safety. The agency will leave in place provisions requiring the use of remote-operated underwater vehicles and real-time monitoring of offshore operations, but will tweak them to make compliance easier for companies.”
– Ted Mann and Tim Puko, “Rules Established After Deepwater Horizon Disaster Face Revisions,” The Wall Street Journal, April 27, 2018 1:10 pm