EU To Review Offshore Drilling Rules In Wake Of BP Spill

[maddezmom]

Source: Dow Jones

BRUSSELS (Dow Jones)--The European Commission plans to review its legislation covering offshore drilling in light of the massive oil caused by an explosion at BP PLC's (BP) Deepwater Horizon rig in the Gulf of Mexico, it said Thursday.

Guenther Oettinger, the European Union's energy commissioner, recently met oil and gas industry executives, who were asked to name a contact person in case of emergency. Oettinger presented a list of questions about the issue that should be answered in the coming weeks.

Once the causes of the BP accident are known "the European Union will be in a position to determine whether any specific targeted measures need to be taken," Oettinger said in a statement.

"In the meantime, the commission will review the existing legislation applicable to critical situations in the oil and gas production and will get in contact with the national regulators in order to establish a closer partnership with them," he said.


Read more: http://online.wsj.com/article/BT-CO-20100527-705602.html?mod=WSJ_latestheadlines