New offshore regulations targeted at preventing emergency situations like BP’s Macondo come with $31-billion price tag: API
The Obama administration will issue new regulations for offshore oil and gas operators this Thursday. The regulations will require more preventative measures to be used in offshore oil wells in order to avoid blowouts like the one that took place at BP’s (ticker: BP) Macondo well.

The final measure did give some ground to the industry, Bloomberg reports, but could still cost tens of billions of dollars to implement, po...

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