Drilling to resume in US Gulf - Hindustan Times
close_game
close_game

Drilling to resume in US Gulf

None | ByThe New York Times, Washington
Mar 01, 2011 09:23 PM IST

The US’ interior department on Monday approved the first new deepwater drilling permit in the Gulf of Mexico since the BP explosion and spill last spring, a milestone after a period of intense uncertainty for the industry and a wholesale remaking of the nation’s system of offshore oil and gas regulation.

The US’ interior department on Monday approved the first new deepwater drilling permit in the Gulf of Mexico since the BP explosion and spill last spring, a milestone after a period of intense uncertainty for the industry and a wholesale remaking of the nation’s system of offshore oil and gas regulation. Noble Energy had been granted permission to resume drilling in 6,500 feet of water off the Louisiana cost.

HT Image
HT Image

Each new permit would be reviewed on a well-by-well basis. Noble Energy said it expected to resume drilling by late March.

Hindustan Times - your fastest source for breaking news! Read now.

Work on the well was suspended, along with virtually all other drilling activity in water deeper than 5,000 feet, immediately after the Deepwater Horizon accident last April, which killed 11 workers and spewed five million barrels of oil into the ocean.

The approval comes as oil prices are rising in response to unrest in the Middle East and North Africa.

Noble’s permit was the first in deepwater since the BP accident but 37 shallow-water applications had been approved over the last 10 months.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, March 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On