HOUSTON Nov 21 The U.S. Bureau of Safety and Environmental Enforcement (BSEE) on Wednesday told Black Elk Energy that it must take immediate steps to improve safety at its offshore platforms after last week's deadly rig explosion off the Louisiana coast, which killed one worker and left another missing.
"Black Elk has repeatedly failed to operate in a manner that is consistent with federal regulations," BSEE Director James Watson said in a statement. Houston-based Black Elk must submit a performance improvement plan to the BSEE by Dec. 15, the offshore regulator said. Black Elk had no immediate comment.
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What seemed like a possibility for the Nifty to cross the 8,000 mark just two weeks ago has now turned out to be a far-fetched dream. A 7,950-8,000 range could be used to book partial profits and re-enter closer to 7,750-7,800 for the next couple of weeks. The next big trigger would be the arrival of monsoons, writes Ambareesh Baliga. Read