New BSEE Regulations will effect Energy Sector

You obviously don't understand what the new BSEE regulations include. A lot of the major changes around equipment will fall onto the rig contractors and eventually to the operators. The rest of the changes mostly center around paperwork immediately. Most equipment changes and RTM requirements don't need to be implemented until 3-10 yrs from now. Speaking with reps at BSEE, they don't even fully understand all the new regs or how they will enforce them without shutting down operators temporarily (which they are saying at this time they don't plan to do).

The only way non majors will be banished from deepwater is if they are too lazy to learn the new regs and submit the paperwork required. Other than time and effort to deal with the BAVO requirements for BOP inspection/certification the major big impact is that lift calculations on cement jobs can no longer be used to determine if a cement job is adequate, you must run a CBL. I guess from an investment standpoint you could maybe invest in companies that run CBL's but that's such a small piece of the pie for the Schlumberger's and Halliburton's of the world that I really don't see it moving the needle.

Down the road when the BOP's have to be modified to meet requirements it may get interesting but i'm not worried about it in the short time. I can see rig rates going up due to the extra BS the drilling contractors will have to deal with.

On the productive interval if there are losses or potential for channeling they we always run CBL's before we pref or frac, but this would be required for every string.

New reg states if there are any losses on any string while cementing a CBL must be run. Doesn't necessarily mean they will make you perf and squeeze if there isn't hydrocarbons behind pipe and you get a good shoe test/have some cement behind pipe but not what you are planning. Talking to BSEE, they will likely only require you to do a remedial cement job if there are two hydrocarbon zones behind pipe that would be in communication.

This also affects PE certifications, new regs require a PE to sign off on a lot more stuff than in the past.

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It's something in the 0.5 PPG range, which is routinely lower in deep water.

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This is already standard. On special occasions, a 0.3 ppg margin can be requested.