Court to hear argument against drilling moratorium
Published: June 21,2010
NEW ORLEANS — Companies that ferry people and supplies to rigs in the Gulf of Mexico challenge President Barack Obama’s six-month moratorium on deepwater petroleum drilling.
U.S. District Judge Martin L.C. Feldman is scheduled to hear Hornbeck Offshore Services’ bid for an order to lift the moratorium today.
The Covington-based company claims the government suspended drilling at 33 exploration wells without any proof that they pose a threat. Industry officials say the ban will cost Louisiana thousands of jobs and millions of dollars in lost wages by sending rigs overseas for longterm contracts.
The government says it had plenty of reason for the ban, and calls allegations about its potential economic effect “alarmist and speculative.”
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Two BancorpSouth mergers delayed by federal inquiries
- Moon River Foods creating 100 jobs in Mississippi Delta
- Wasted away — Margaritaville in Biloxi to close by Sept. 19
- DAVID DALLAS: Mr. McDaniel goes to Washington
- Severstal selling plants, including Severstal Columbus
- Judge to hear from True the Vote as McDaniel attempts to overturn loss to Cochran
- Google chooses Mad Genius as example of Internet use
- WILLOUGHBY: Broadband Voice founder Gary Watts isn’t afraid to take chances
- Weyerhaeuser investing $57M to modernize lumber mill
- Police find Attorney General Hood's stolen handgun