Oil Drillers Won’t Rush to Deep Water After Ruling

Oil companies and contractors with operations in the deep waters of the Gulf of Mexico won’t resume drilling until they see how a federal judge’s decision to lift a U.S. ban plays out, analysts said.

U.S. District Judge Martin Feldman yesterday granted a preliminary injunction, lifting a six-month moratorium President Barack Obama put in place May 27 on new deep-water drilling permits. The president also called for work to be stopped on 33 wells.