US Seeks to Streamline Offshore Management in Regulator Overhaul

2 hours ago 2

Article content

(Bloomberg) — The US Interior Department said it’s merging two oversight agencies to create a Marine Minerals Administration and move toward a “more modern, coordinated approach” to managing offshore resources, including critical minerals.

Financial Post

THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
  • Daily content from Financial Times, the world's leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

SUBSCRIBE TO UNLOCK MORE ARTICLES

Subscribe now to read the latest news in your city and across Canada.

  • Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
  • Daily content from Financial Times, the world's leading global business publication.
  • Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
  • National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
  • Daily puzzles, including the New York Times Crossword.

REGISTER / SIGN IN TO UNLOCK MORE ARTICLES

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account.
  • Share your thoughts and join the conversation in the comments.
  • Enjoy additional articles per month.
  • Get email updates from your favourite authors.

THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.

Create an account or sign in to continue with your reading experience.

  • Access articles from across Canada with one account
  • Share your thoughts and join the conversation in the comments
  • Enjoy additional articles per month
  • Get email updates from your favourite authors

Sign In or Create an Account

or

Article content

The goal is to “improve coordination and increase efficiencies across offshore leasing, permitting, inspections and environmental oversight, while maintaining all existing regulatory protections and rigorous safety standards,” the Interior Department said in a statement Friday.

Article content

Article content

Article content

The two agencies — the Bureau of Ocean Energy Management and the Bureau of Safety and Environmental Enforcement — were part of the Minerals Management Service until its dissolution in 2011 after the Deepwater Horizon oil spill and numerous scandals at the federal agency that policed offshore drilling.

Article content

By signing up you consent to receive the above newsletter from Postmedia Network Inc.

Article content

The shift reflects “the need for a more integrated approach to managing conventional and emerging resources such as critical minerals,” according to the department. “By aligning planning, leasing and oversight functions, the Department is positioning the agency to better meet current and future energy demands.”

Article content

Interior Secretary Doug Burgum said the reorganization would help achieve President Donald Trump’s goal of greater government efficiency. 

Article content

Trump, who ran on a pro-drilling pledge during his successful 2024 reelection campaign, attempted a similar merger during his first administration. 

Article content

Before its dissolution, the MSS was involved in ethics scandals surrounding cocaine use, sexual misconduct and financial self-dealing by employees, which were documented in multiple probes that also exposed a close relationship between the oil and gas industry and the federal offshore regulators.

Article content

Advertisement 1

Read Entire Article