Tag: reorganization

Energy Future making debt payments due Friday

Energy Future Holdings Corp., the Texas power producer that skirted bankruptcy this week, said it’s meeting debt obligations, including coupons due Nov. 1.  More »

Offshore drilling chief to stay on the job

The federal agency that oversees offshore drilling will be dismantled in two weeks, but the former prosecutor who now heads the office isn’t going anywhere — at least not right away. Michael Bromwich will temporarily head the new Bureau of Safety and Environmental Enforcement until the Obama administration hires a permanent replacement. The administration also announced today that Tommy Beaudreau will head the new Bureau of Ocean Energy Management.  More »

Republican unveils offshore drilling oversight plan

A leading House Republican today unveiled his plans for reorganizing the federal agencies that oversee offshore energy operations and beefing up the credentials of the government inspectors that police them. Aside from a few name changes, the proposal mirrors the overhaul launched by the Obama administration in the wake of last year’s Gulf oil spill.  More »

Bromwich: Feds may block bad apples from drilling offshore

The nation’s top offshore drilling regulator said he is still studying whether the Bureau of Ocean Energy Management, Regulation and Enforcement can do more to keep oil and gas companies with checkered histories from exploring offshore.  More »

New federal office will collect oil, gas royalties

Unlike the MMS, the new Office of Natural Resources Revenue will be separate from other bureaus in the Interior Department that are dedicated to leasing decisions and drilling safety.  More »