Wednesday, January 5, 2011

Some deep-water gulf drilling allowed to resume

The Interior Department says companies can restart work at 16 wells but must meet new safety standards.

In a move that could signal a long-awaited return to business as usual in the Gulf of Mexico, the Obama administration announced Monday that it would allow 13 companies to resume deep-water oil and gas drilling that was suspended after the Deepwater Horizon oil rig explosion last spring.

The administration had imposed a drilling moratorium after the April 20 accident at the BP well, which killed 11 workers and spewed millions of barrels of oil into the gulf in the country's worst offshore oil disaster. Read more: http://www.latimes.com/news/nationworld/nation/la-na-oil-drilling-20110104,0,6367447.story

Article courtesy of the LA Times