Offshore Drilling Safety Chief Says New Regs Are Coming

Law360, New York (May 1, 2012, 3:17 PM EDT) -- A top U.S. Department of the Interior official said Tuesday the agency was preparing to issue new offshore drilling regulations, including an overhaul of production safety standards and tighter requirements for blowout preventers, the device whose failure likely caused the Deepwater Horizon oil spill.

Speaking at the annual Offshore Technology Conference in Houston, Bureau of Safety and Environmental Enforcement Director James Watson said his agency would propose two offshore drilling rules this year and seek to extend a pair of existing rules on drilling and workplace...
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