Browsing: Deepwater Horizon

The revamped Minerals Management Service is wasting no time showing the oil and natural gas industry that a new day has dawned. The Interior Department’s Bureau of Ocean Energy Management, Regulation and Enforcement — created last month in the wake of April’s catastrophic oil spill in the Gulf of Mexico — assessed a $5.2 million civil penalty on BP America for submitting “false, inaccurate and misleading reports” about energy production on Southern Ute Indian Tribal lands in southwestern Colorado, bureau director Michael Bromwich said today. BP reported incorrect royalty rates and prices to the department and also attributed oil and gas…