EU Urges Oil Cos. To Take Offshore Drilling Precautions

Law360, New York (May 11, 2010, 2:23 PM EDT) -- European Commissioner for Energy Guenther Oettinger met with members of the European oil and gas industry Tuesday to obtain assurances that they were taking steps to avoid a spill like the one that has devastated the Gulf of Mexico.

Oettinger was scheduled to meet with representatives from BP PLC, ConocoPhillips Co., Chevron Corp., Exxon Mobil Corp., Royal Dutch Shell PLC, and other companies with oil and gas exploration and production operations in the offshore areas of the European Union.

“No regulatory regime alone can give us...
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