The U.S. federal government will reduce costs for oil and gas drillers by slashing red tape for the industry, aiming to tempt drillers to expand on federal lands.

The proposed revision to the Interior Department's oil and gas policy would favor developers looking to drill wells more quickly.

A pair of proposals from the Trump administration would lower costs and weaken requirements for fossil fuel companies that drill on federal property.

US proposes reduced regulations and costs for energy drillers on federal lands, supporting domestic fossil fuel investment.

The U.S. federal government will reduce costs for oil and gas drillers by slashing red tape for the industry, aiming to tempt drillers to expand on federal lands.