Morning Smoke: Transocean's Reputation for Testing Laws and Regulations Around the Globe

Owner of Exploded Rig Is Known for Testing Rules by Barry Meier [The New York Times]

Gulf Awash In 27,000 Abandoned Oil And Gas Wells by Jeff Donn and Mitch Weiss [The Huffington Post]

New Tanker Bids Due Friday by Nathan Hodge [The Wall Street Journal]

Agencies reduce use of noncompetitive, high-risk contracts by Robert Brodsky [Government Executive]

Returns on U.S. TARP Investments May Decline by Marshall Eckblad and Erik Holm [The Wall Street Journal]

F-35 Flight Test at the Half-Year Mark by Graham Warwick [Ares]

Nuclear weapons program chief pledges better governance by Katherine McIntire Peters [Government Executive]

Not Just Classified [Air Force Magazine]

MMS Scrubs Safety Nod for BP From Website by Kate Sheppard [Mother Jones]

More Senators Rely on Committees to Screen Future Judges by David Ingram [The BLT: The Blog of the Legal Times]

CIA & Blackwater: Who’s Playing Who? by Spencer Ackerman [Danger Room]

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[Thomas Maung Shwe]

you might find my article useful

US probes Transocean over ties to Burmese drug lords
Monday, 16 August 2010 17:14 Thomas Maung Shwe

Chiang Mai (Mizzima) – US-Swiss drilling company Tranoscean has admitted it is under investigation by the US Treasury over its “operations in Myanmar [Burma]”. The probe comes amid intense public scrutiny since its rig blew up in the Gulf of Mexico.

Since the explosion on Tranoscean’s rig in April caused America’s worst oil spill, the company hired by BP has acknowledged in its latest regulatory 10-Q filing with the Securities and Exchange Commission (SEC) it had “recently received an administrative subpoena” from the Treasury Department’s Office of Foreign Assets Control (OFAC) regarding its “operations in Myanmar [Burma]”. The filing was submitted on August 4.

The 10-Q form, is an SEC filing that must be submitted quarterly with the SEC and contains similar information to the annual 10-K form, however the information is generally less detailed, and the financial statements are generally unaudited.

http://www.mizzima.com/news/world/4248-us-probes-transocean-over-ties-to-burmese-drug-lords-.html