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Exxon Says New Rules Will Sink Deepwater Oil Drilling

By Joe Carroll (Bloomberg) — The world’s biggest oil explorers are fighting a U.S. plan to toughen offshore drilling rules that Exxon Mobil Corp. said will cost $25 billion over 10 years and render many offshore discoveries worthless. The Obama administration will issue the sweeping new regulations Thursday as part of an effort to reduce […]

The post Exxon Says New Rules Will Sink Deepwater Oil Drilling appeared first on gCaptain.

WP_Post Object ( [ID] => 112173 [post_author] => 21 [post_date] => 2016-04-14 15:58:07 [post_date_gmt] => 2016-04-14 15:58:07 [post_content] =>

Photo: Shutterstock/Lukasz ZBy Joe Carroll (Bloomberg) — The world’s biggest oil explorers are fighting a U.S. plan to toughen offshore drilling rules that Exxon Mobil Corp. said will cost $25 billion over 10 years and render many offshore discoveries worthless. The Obama administration will issue the sweeping new regulations Thursday as part of an effort to reduce […]

The post Exxon Says New Rules Will Sink Deepwater Oil Drilling appeared first on gCaptain.

[post_title] => Exxon Says New Rules Will Sink Deepwater Oil Drilling [post_excerpt] =>

Photo: Shutterstock/Lukasz ZBy Joe Carroll (Bloomberg) — The world’s biggest oil explorers are fighting a U.S. plan to toughen offshore drilling rules that Exxon Mobil Corp. said will cost $25 billion over 10 years and render many offshore discoveries worthless. The Obama administration will issue the sweeping new regulations Thursday as part of an effort to reduce […]

The post Exxon Says New Rules Will Sink Deepwater Oil Drilling appeared first on gCaptain.

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