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U.S. Said to Issue Offshore Drilling Rule Industry Fought

  • Final regulations come six years after BP well blowout in Gulf
  • Industry said rules would add costs, cut well drilling
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The Obama administration will issue sweeping new regulations on offshore drilling Thursday, imposing potentially costly requirements for those coastal wells and the emergency equipment meant to prevent environmental disasters.

The plan to issue new well-control regulations, confirmed by a person familiar with the rulemaking, comes almost six years after the blowout of a BP Plc well in the Gulf of Mexico triggered an explosion that killed 11 workers and unleashed an oil spill that lasted for months.