Overseeing

The federal agency overseeing offshore drilling activities announced a new policy Tuesday aimed at preventing undue influence by the oil and natural gas industry on agency employees and averting conflicts of interest.

The agency overseeing the regulating and inspection of oil and natural gas rigs has created a new online and telephone hotline for reporting misconduct and unethical behavior by both agency and industry employees.

The head of the federal agency overseeing offshore drilling indicated Tuesday that the moratorium on deepwater drilling in the Gulf of Mexico (GOM) could be lifted in advance of its Nov. 30 deadline, an agency spokesman said.

The head of the federal agency overseeing offshore drilling indicated Tuesday that the moratorium on deepwater drilling in the Gulf of Mexico (GOM) could be lifted in advance of its Nov. 30 deadline, an agency spokesman said.

The heads of the two most powerful House committees overseeing derivatives markets have come together on the framework for legislation that would enhance federal regulatory authority to crack down on excessive speculation in the unregulated over-the-counter (OTC) markets.

The heads of the two most powerful House committees overseeing derivatives markets have come together on the framework for legislation that would enhance federal regulatory authority to crack down on excessive speculation in the over-the-counter (OTC) markets.

The Department of Transportation’s (DOT) agency overseeing pipeline safety allowed the bulk of the western portion of the Rockies Express Pipeline (REX), known as REX-West, to go into operation last month despite certain concerns related to welds on the system, according to documents filed at FERC.

The Department of Transportation’s (DOT) agency overseeing pipeline safety allowed the bulk of the western portion of the Rockies Express Pipeline (REX), known as REX-West, to go into operation earlier this month despite certain concerns related to welds on the system, according to documents filed at FERC.

Investors who lost money when Enron Corp. declared bankruptcy in late 2001 filed a petition on Friday asking the judge overseeing some of the bankruptcy proceedings to rule whether Merrill Lynch & Co. was a knowing participant in the former energy trader’s attempt to hide huge losses.