Old oil rigs facing more regulation in the EU

Aftershocks from the BP-Macondo oil rig blowout are still making waves as European and US regulators review existing legislation on several fronts, from offshore safety standards, to deep sea drilling and end-of-life infrastructure.

Last week's European Commission policy paper on offshore oil and gas platforms brought some relief to operators when it became clear that the EU executive was not recommending a moratorium on deep-water oil drilling in the North Sea.

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