MMS SEEKS OPA DAMAGE CONTROL

The Minerals Management Service is seeking a way to implement the 1990 Oil Pollution Act's oil spill insurance requirements without harming the U.S. offshore petroleum industry. Producers are warning MMS its proposed rule, published in the Aug. 25 Federal Register, could force many small offshore operators to halt operations. The insurance industry says it cannot underwrite all current offshore projects at the required $150 million of insurance. The U.S. Coast Guard has a similar rule

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