A major step to enhancing offshore safety was undertaken by the European Union in February. We blogged about the European Parliament and Council proposing the legislation that concerned safety of offshore oil and gas operations. It affected all drilling platforms operating in EU waters as well as European companies with operations outside the bloc.
Today, the European Parliament “gave its green light” to this directive. Under the new rule, companies will have to prove their ability to cover damages by submitting hazard reports and providing emergency response plans before starting operations.
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