The Interior Department’s Minerals Management Service (MMS) on Tuesday issued a final rule that streamlines the permitting process for floating platforms, and incorporates industry standards for floating production systems into agency regulations. The rule marks the first time the MMS has addressed floating oil and natural gas facilities separately from fixed platforms.
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Proposed New Pipeline Safety Rule Issued by Transportation Department
The Department of Transportation’s newly-proposed rule for pipeline safety issued last week incorporates much of the recently passed pipeline safety legislation, and also extends the impact zone for “high consequence areas” (HCA) beyond the current 660 feet from large-diameter, high pressure pipelines.
February 3, 2003
DOT Issues Proposed Pipeline Safety Rule
The Department of Transportation’s newly-proposed rule for pipeline safety, issued last week incorporates much of the recently passed pipeline safety legislation, and also extends the impact zone for “high consequence areas” (HCA) beyond the currently defined 660 feet from large-diameter, high pressure pipelines.
February 3, 2003
Dynegy Fails to Assure S&P; Credit Watch Remains in Effect
The credit rating service Standard & Poor’s said Thursday that its ratings for Dynegy Inc., which stand at BBB+/A2, and its subsidiaries will remain on Credit Watch with negative implications, reflecting what it called “several obstacles” facing the Houston-based energy trader. “Foremost is the uncertainty surrounding the pending lawsuit filed by Enron Corp. that alleges that Dynegy falsely executed its right to terminate the merger. Standard & Poor’s cannot at this time determine the outcome of such litigation.”
December 26, 2001
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