US Lifts Deep-Water Drilling Ban

The federal government on Tuesday officially ended its moratorium on deepwater drilling, which has left a number of Gulf of Mexico rigs idled. “We have made and continue to make significant progress in reducing the risk associated with deepwater drilling,” said Interior Secretary Ken Salazar. However, unless the government speeds up the permitting process for new projects, its decision “will give way to a de facto moratorium, which will continue to cripple the already hard-hit Gulf region and cost more than 175,000 American jobs a year,” said Jack Gerard, president and CEO of the American Petroleum Institute.

Read more: Houston Chronicle.

Get the free newsletter

Sign up for news, trends and equipment for sale in the lifting and rigging industry.
By signing up you agree to our Terms of Use and Privacy Policy. You may unsubscribe at any time.

Latest Products For Sale

Type Description
Lifting Products
1/4" x 800' per drum H.G. Proof Coil Chain Grade 28
Lifting Products
Master Links
3.5" Skookum Alloy Master Links
Lifting Products
Master Links
4" Grade 80 Import Master Links 157T WLL
Lifting Products
Chicago Hardware 3/4" X 18" Jaw & Jaw Galv. Turnbuckles
Lifting Products
8" Tong Line Sw. Eye RB WLL 3T

News & Articles