EP APPROVED OFFSHORE OIL AND GAS SAFETY LAW
June 1st, 2013
THE EUROPEAN Parliament has now formally approved a new European Union (EU) offshore oil and gas drilling directive, designed to prevent accidents such as the Deepwater Horizon spill happening in coastal EU sea waters.These new rules will require oil and gas firms to prove they can cover potential liabilities from accidents and submit major hazard reports and emergency response plans to regulators before drilling operations start. EU member states have two years to write the law into their national legislation and existing offshore operations have five years to ...
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