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.
10/12/2010 05:47 pm
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.
06/23/2010 12:06 pm
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.
06/22/2010 08:10 pm
Oil drilling ban in the Gulf of Mexico has Transocean president Steven Newman upset with the Obama administration.
06/22/2010 10:45 am
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.
06/21/2010 07:39 pm
Offshore oil drilling moratorium could cost Louisiana thousands of jobs and millions of dollars in lost wages, according to one company.
06/21/2010 03:36 pm
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.
06/03/2010 12:17 pm
BP CEO says BP and its oil containment booms had been successful in keeping most of the oil away from the eastern coast.
06/03/2010 10:59 am
Efforts to curb the effects of the worst oil spill in US history have hit multiple snags.
06/02/2010 04:17 pm
Engineers may have to bring in a second saw to finish the cut-and-cap operation.
06/02/2010 01:48 pm