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Monthly Archives: February 2011

New regulations have global impact on offshore

Posted on February 28, 2011

When BP’s Macondo well blew out in April 2010, caused 11 fatalities and one of the largest oil spills ever seen it was clear the effects would be felt far further afield than the Gulf of Mexico.
Accordingly the United States stepped up its efforts to enhance safety within the offshore industry.
In October, the Department of the Interior introduced new regulations designed to improve the safety of drilling operations by introducing stricter standards for safety equipment, well control systems and operational practices, as well as reduce the risk of human error causing a disaster.

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Industry must tighten standards

Posted on February 3, 2011

By Judy Murray, Editor, E&P

Although only one operating company was involved in the Macondo well blowout in theGulf of Mexico, the industry as a whole is being held accountable.

David Payne, vice president of global drilling and completions at Chevron, told more than 1,000 attendees at the GE Oil & Gas annual meeting in Florence, Italy, the oil and gas industry has lost the public trust.

“The perception of mediocrity is out there,” he said, “and perception is reality. This should cause us to change.”
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