U.S. To Impose Offshore Drilling Rule

Posted by Mike Confino, April 13, 2015

Deepwater Horizon

The United States is planning to impose a major new regulation on offshore oil and gas drilling to try to prevent the kind of explosions that caused the catastrophic BP Plc oil spill in the Gulf of Mexico, the New York Times reported on Friday, citing Obama administration officials.

The Interior Department could make the announcement as early as Monday, the paper said. It is timed to coincide with the five-year anniversary of the BP disaster, which killed 11 men and sent millions of barrels of oil spewing into the gulf.

via U.S. To Impose Offshore Drilling Rule: Report.