The Department of Infrastructure says it's bringing in new rules for companies that want to drill for oil off the Island's coast.
When Tynwald sits later this month, Minister Ray Harmer will ask members to back regulations governing petroleum licences.
The department says the aim is to maximise the social and economic value of the seabed around the Isle of Man.
The regulations replace a previous set of rules that date back to 1995 and were revoked last year.
Man admits to drunk and disorderly allegations in court
A rare night out 'unravelled' for one man - ending up with a night in the cells.
43 per cent of survey respondents recommend Island for a holiday
Beautiful but criminally expensive to get to - that's the verdict on the Isle of Man as a holiday destination.
Moorhouse to ask about effect of Tesco on Shoprite charities
Has Tesco's buyout of Shoprite affected charities on the Island?
Manx Utilities seeks approval to store hazardous material in former amenity site
Manx Utilities has applied for permission to store hazardous waste at a former civic amenity site in Douglas.
Social Security launches new messaging platform
A new secure messaging platform for those using Social Security has been launched.
Wildlife Park donates £4,000 towards saving Humboldt penguins on World Penguin Day
Curragh's Wildlife Park is encouraging people to donate towards saving penguins from extinction on World Penguin Day.
No plans to showcase Manx produce at new L'pool ferry terminal
The chief minister says there are no plans to showcase Manx produce at the new ferry terminal in Liverpool.
Sights Matters IOM's headquarters turns 21 today
The home of a leading visually impaired charity is celebrating it's 21st birthday today.
