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The EU is nearing agreement on stricter safety rules for offshore oil and gas drilling, aiming...

The EU is nearing agreement on stricter safety rules for offshore oil and gas drilling, aiming to prevent accidents such as the 2010 Deepwater Horizon spill. The legislation broadly follows tough regulations of countries such as the U.K. and the Netherlands, so any new rules would be felt mostly by areas considering new operations, such as around Cyprus and in the Black Sea.
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