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U.S. Regulators Promise Oversight Of Offshore Drilling Contractors

Men fish off a pier at a jetty in Dauphin Island, Ala., with oil rigs in the background. The U.S. government is changing how it regulates drilling platforms.

Mario Tama/Getty Images hide caption

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Mario Tama/Getty Images

The Two-Way

U.S. Regulators Promise Oversight Of Offshore Drilling Contractors

Nearly 18 months after a disastrous oil spill killed wildlife and endangered businesses along the Gulf of Mexico, the federal government announces it will regulate not only the operators of offshore oil rigs, but the contractors who work on them, as well.

Calling 2010 'Best Year' On Safety Was Mistake, Gulf Oil Rig Owner Admits

April 21, 2010: Fire boats battle the blaze on the Deepwater Horizon rig. U.S. Coast Guard/Getty Images hide caption

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U.S. Coast Guard/Getty Images

Opinion

The Two-Way

Calling 2010 'Best Year' On Safety Was Mistake, Gulf Oil Rig Owner Admits

Transocean Ltd. owned the rig that exploded a year ago, killing 11 workers and creating a massive oil spill that took months to contain. Now, it says it was "insensitive" to say in a regulatory filing that 2010 was — statistically — its best year.