EU to tighten rules for offshore drilling
Baku, October 13 (AZERTAC). The European Commission has proposed tightening the rules for deep-water drilling in the oil industry.
The move follows April`s devastating BP oil spill in the Gulf of Mexico.
Europe has more than 900 offshore wells, although only Norway currently allows drilling as deep as 1,300m (4,265ft), comparable to BP`s ill-fated Deepwater Horizon facility.
The Commission wants to ensure that firms drilling in European waters can cover the costs of a spill.
The BP disaster not only allowed more than 4m barrels of oil to pollute the sea - it also frightened oil regulators worldwide. If it could happen once, they thought, it could happen again.
The EU Energy Commissioner, Gunther Oettinger, wants any company drilling within European waters to prove it has either the cash in the bank to pay for a clean-up, or appropriate insurance to cover the cost.
FEEDBACK
Other news in this section
- 16.10.2026 [22:28]
Army chief warns Britons will have to make ‘sacrifices’ to prepare for war
- 16.10.2026 [20:18]
Ethiopia's Abiy names new Tigray government, wants polls in six months
- 16.10.2026 [19:05]
Japan police to study GPS monitoring of stalkers
- 16.10.2026 [18:52]
Italy and Spain move to end border dispute after Meloni-Sánchez talks
- 16.10.2026 [16:32]
China completes world's third robotic arm-assisted heart transplant
- 16.10.2026 [15:44]
Pakistan, US discuss economic reforms, external financing
- 16.10.2026 [15:18]
Tourism Minister: Bulgarian food, wine key to tourism growth
UAE delegation visits Azerbaijan
- [20:07]
Top stories update
- [20:00]
Top stories update
- [12:01]
Azeri Light sells for $119
- [11:30]
Severe drought declared in parts of southern England
- 15.10.2026 [22:33]
Caspian Construction Week highlights youth involvement in Garabagh’s revival
- 15.10.2026 [22:26]
CIS delegation visits DOST Center for Inclusive Development and Creativity
- 15.10.2026 [21:58]
Baku hosts international conference on inclusive employment
- 15.10.2026 [21:40]
Iranian deputy FM hails Azerbaijan’s efforts to advance regional cooperation
- 15.10.2026 [20:40]
Baku hosted 7th CICA Summit
President Ilham Aliyev addressed the event VIDEO
- 15.10.2026 [20:34]
Azerbaijan ranks second as Türkiye’s top gas supplier for August
- 15.10.2026 [20:28]
Top stories update
- 15.10.2026 [20:00]
Azerbaijan, Paralympic committees discuss launching joint initiatives
- 15.10.2026 [19:46]
Osaka grapples with severely aging water and sewage systems
- 15.10.2026 [19:27]
Lautaro Martinez suffers hamstring injury and will miss the Milan Derby
- 15.10.2026 [19:12]
Israel records 35 beach drowning deaths in 2026
- 15.10.2026 [18:34]
President Ilham Aliyev met with Amir of Qatar VIDEO
- 15.10.2026 [18:10]