July 15 - The specific impact on the project cargo business of the Obama administration's new moratorium on deepwater offshore drilling in the Gulf of Mexico is difficult to predict, but some have said it could result in the loss of 3,000 to 6,000 Louisia
Interior Secretary Ken Salazar made the announcement earlier this week, arguing that a pause is still needed to ensure that oil and gas companies implement safety measures to reduce risksand are prepared to handle spills.
The new moratorium will last until November 30 and, unlike the last moratorium, which applied to waters of more than 152.4 m (500 ft), the new one applies to any deepwater floating facility with drilling activities.
