U.S. Is Urged to Speed Up Drilling Permits Process, FT Reports
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The U.S. government is being urged to provide more cash for the regulator that issues permits for deep-water drilling in the Gulf of Mexico, to ensure that oil production isn’t held up, the Financial Times reported.
The Bureau of Ocean Energy Management, Regulation and Enforcement stopped granting permits after BP Plc’s Gulf oil spill last year; issuance was resumed last month, the FT said.