Oil And Gas Industry Braces For Changes After Gulf Spill

Law360, New York (August 3, 2010, 4:02 PM EDT) -- BP PLC may have just put a stop to the massive flow of oil into the Gulf of Mexico, but consequences of the spill for the oil and gas industry are just starting to unfold. More stringent regulations, a tougher transactional climate and reduced profits are just some of the changes companies will face in the coming year, experts said.

Regulatory Developments

New regulations have already been implemented in the wake of the spill, which occurred when the BP-operated Deepwater Horizon rig exploded on April 20,...
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