Offshore Drillers See Little Gain in Amended U.S. Ban
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Revisions to a U.S. ban on deep-water drilling will do little to restart Gulf of Mexico operations brought to a standstill by the worst oil spill in the country’s history, industry groups and analysts said.
The policy announced yesterday may let some deep-water work resume earlier than the six-month pause ordered by the Obama administration May 27, according to the Interior Department. A federal judge rejected the initial moratorium, imposed in response to the BP Plc oil spill in April.