Imposed

With commissioners feeling the pressure of the deadlines imposed in the Dodd-Frank Wall Street Reform Act, the Commodity Futures Trading Commission (CFTC) Friday voted out proposals seeking to protect collateral of customers in cleared and uncleared swaps, provide real-time reporting for swaps and to report swap transactions to swap data repositories (SDR).

With commissioners feeling the pressure of the deadlines imposed in the Dodd-Frank Wall Street Reform Act, the Commodity Futures Trading Commission (CFTC) Friday voted out proposals seeking to protect collateral of customers in cleared and uncleared swaps, provide real-time reporting for swaps and to report swap transactions to swap data repositories (SDR).

A regulatory regime developed by the Department of Interior (DOI) and industry in the weeks since DOI imposed a moratorium on deepwater drilling in the Gulf of Mexico (GOM) provides “an adequate margin of safety” to allow the moratorium to be lifted, according to a report by the Bipartisan Policy Center (BPC).

A regulatory regime developed by the Department of Interior (DOI) and industry in the weeks since DOI imposed a moratorium on deepwater drilling in the Gulf of Mexico (GOM) provides “an adequate margin of safety” to allow the moratorium to be lifted, according to a report by the Bipartisan Policy Center (BPC).

Hercules Offshore Inc.’s CEO said last week he’s hopeful that the permitting logjam created after U.S. officials imposed a moratorium on offshore drilling soon will be expedited, leading to a “flurry” of offshore permits for shallow-water projects over the coming months.

Hercules Offshore Inc.’s CEO said Tuesday he’s hopeful that the permitting logjam created after U.S. officials imposed a moratorium on offshore drilling soon will be expedited, leading to a “flurry” of offshore permits for shallow-water projects over the coming months.

Calgary-based Nexen Inc., which explores both onshore and in the Gulf of Mexico (GOM), said Thursday the six-month offshore drilling moratorium imposed by U.S. officials should have “no significant impact” this year.

Gulf of Mexico (GOM) deepwater explorer Nexen Inc. said Thursday the six-month drilling moratorium imposed by U.S. officials (see Daily GPI, July 14) likely will result in “no significant impact” this year.

Bowing in part to pressure from Connecticut’s governor, attorney general, other state officials and congressional delegation, FERC on Thursday imposed more than 80 environmental, security and safety conditions in its order approving Broadwater Energy LLC’s controversial floating liquefied natural gas (LNG) project and associated pipeline to be located in Long Island Sound.