A heavily-oiled bird is seen after being rescued from the waters of Barataria Bay, which are laden with oil from the Deepwater Horizon spill, in Plaquemines Parish, La., on June 26.
Offshore oil rigs will be able to begin deep water drilling again, as the Obama administration has lifted the moratorium on the practice, set in place after the Gulf oil spill. The Secretary of the Interior said new safety regulations are now in place on offshore oil rigs that would greatly diminish the chance of another spill.
Offshore drilling: Judge Martin Feldman, who overturned the government's moratorium on offshore drilling for oil, has reported owning stock in Transocean Ltd, the company that owned the Deepwater Horizon offshore drilling rig which exploded and sank in the Gulf of Mexico over two months ago.
The judge said the federal report that led to the drilling moratorium didn't 'explicitly justify' a ban. Some independent engineers who reviewed the report agree. The administration will appeal.
Oil drilling ban in the Gulf of Mexico has Transocean president Steven Newman upset with the Obama administration.
Louisiana is supporting a lawsuit to overturn the six-month moratorium on deep-water drilling. The ban could cost the local oil industry as much as $330 million a month, the state says.
Offshore oil drilling moratorium could cost Louisiana thousands of jobs and millions of dollars in lost wages, according to one company.
The next chance for stopping the Gulf oil spill won't come until two relief wells meant to plug the reservoir for good are finished in August.
BP CEO says BP and its oil containment booms had been successful in keeping most of the oil away from the eastern coast.
Efforts to curb the effects of the worst oil spill in US history have hit multiple snags.
Engineers may have to bring in a second saw to finish the cut-and-cap operation.