Arctic Drilling Rules Set Off New Battle

Posted February 23, 2015 at 5:00am

“Industry groups are blasting the Obama administration’s plan to crack down offshore oil and gas drilling in the Arctic Ocean, arguing that the proposal includes costly and unnecessary restrictions,” The Hill reports.  

“The fight — the latest in a series of spats between regulators and drillers — centers on requirements that companies keep backup rigs on hand to dig relief wells in case of a spill.”  

“The provision is the most expensive piece of the $1.2 billion rule proposed by the Interior Department’s Bureau of Safety and Environmental Enforcement and Bureau of Ocean Energy Management Friday.”