Trump administration regulators have proposed to roll back key safety measures put in place after the 2010 Deepwater Horizon oil spill, according to a Wall Street Journal report. The Journal reports that the Bureau of Safety and Environmental Enforcement (BSEE) estimates its proposed changes could save more than $900 million over the next decade and "reserve some risk-reduction measures that drillers consider burdensome." 

The revision would reduce the role of government in offshore oil production and return more responsibility back to private companies. 

The rules would ease requirements to stream real-time data on offshore oil production operations to facilities on the mainland. The latest rollback is part of the administration's ongoing efforts to ease Obama-era regulatory restrictions on businesses.

Earlier this year, the president ordered that for every new regulation introduced, two must be eliminated. But at a White House event before the holiday break, Mr. Trump said that goal has been exceeded. For every new regulation introduced, agencies have eliminated 22, he said.