"Obama To Issue New Offshore Drilling Rules On Thursday: Source"

"The Obama administration will announce Thursday safety regulations for offshore oil and natural gas drilling to prevent the kind of explosion that happened six years ago on a BP rig in the Gulf of Mexico, an official told Reuters.

The Department of Interior will unveil the final version of its well control regulations, which will require more stringent design and operating procedures for well control equipment used in offshore oil and gas operations, said the official, who is close to the rulemaking process.

The agency first released the proposal last April to coincide with the fifth anniversary of the deadly Deepwater Horizon blowout and oil spill in the Gulf of Mexico in 2010."

Valerie Volcovici reports for Reuters April 13, 2016.

SEE ALSO:

"U.S. Said to Issue Offshore Drilling Rule Industry Fought" (Bloomberg)

"The U.S. Chemical Safety Board’s Investigation into the Macondo Disaster Finds Offshore Risk Management and Regulatory Oversight still Inadequate in Gulf of Mexico" (U.S. Chemical Safety Board release)