Bayoubuzz

Written by Bayoubuzz Staff Friday, 09 July 2010 12:29

According to Reuters, Diamond is pulling one of its deepwater rigs out of the gulf.  Reuters reports that Diamond is the first of such move “surrounding a U.S. moratorium on deepwater drilling.

The Obama administration through the Interior Department imposed the deepwater drilling moratorium after the Deepwater Horizon rig exploded which has resulted in what is known as the BP Oil Spill.

Various parties and the State of Louisiana have been challenging the moratorium in federal court.  On Thursday, the 5th Circuit Court of Appeals, in New Orleans, declined the federal government’s effort to restore the pause in certain Gulf of Mexico drilling activity.  Previously, a federal judge ruled to remove the drilling ban.

After Thursday’s hearing Louisiana Governor Bobby Jindal said, “We have very serious concerns that the Department of Interior is going to announce a second moratorium. As members of the court pointed out today during the hearing, despite the injunction against the original moratorium, we currently have a de facto moratorium because of uncertainty from the Department of Interior".

However, Interior Department spokeswoman Kendra Barkoff said after the ruling, "We continue to believe that it is not appropriate to drill new deepwater wells in the Gulf until we can be assured that future drilling activity can be conducted in a safe and environmentally responsible manner".

Various opponents to the moratorium have expressed concern that the uncertainty within the industry would force companies to move their drilling and related operations from the Gulf of Mexico.  Reuters is reporting that Diamond is moving to Egypt.

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Diamond Offshore is no better than Northrup Grumman.

David Quidd , July 14, 2010

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WasteuhMoney

Is time money? Why was BP in such a hurry to finish the well? Why have the Feds been so slow to respond properly to the disaster? A little money applied at the right time is better than a lot of money applied at the wrong time.

OklahomaSlim , July 13, 2010

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mno77

Poor Ron, bought and paid for. His undying allegiance to a multinational global corporate entity that's killed off thousands of our jobs is touching, yet he waves the flag and accuses others of being un-American. We see you for what you are. You fool no one.

mno77 , July 13, 2010

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It makes no sense to drill new deepwater wells during hurricane season while the BP/Anadarko leak is ongoing.

David Quidd , July 12, 2010

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DOI anti job position

This is clear example of how the Federal governments plan to kill the economy. Due to the apathy of the American people it's working! I don't blame Diamond for moving to Egypt with all the garbage that is going on with BP. One thing that is clear, is one of the judgments of God on a country is the lack of wisdom in leadership. Just what wie have now!

Ron , July 12, 2010

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