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Graham Marshall - Saturday, October 29, 2011

The Australian Senate has passed legislation which establishes a single nation-wide regulator for the offshore energy sector covering exploration and production.  The new regulator will be called the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) and there will also be a new National Offshore Petroleum Titles Administrator brought into being.

NOPSEMA will replace the existing Australian National Offshore Petroleum Safety Authority (NOPSA), which a report into the Montara oil spill on the NW shelf of Western Australia in 2009 partly blamed for the accident. 

The Government aims to have the new NOPSEMA regulator fully operational by January 1 2012, Resources Minister Martin Ferguson said in a statement recently.

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