Shell, Gulf Oil Spill, Drilling Ban Moratorium, Obama Watch, Business News, Finance
From: http://online.wsj.com
Royal Dutch Shell PLC (RDSB) said Thursday its flagship deep water field in the Gulf of Mexico, Perdido, has been shut down since April because of the U.S. drilling moratorium and will only resume production at a slower than expected rate in October.
Perdido’s shutdown, less than a month after it started production to great fanfare, is a stark illustration of the impact of the U.S. ban on deep water drilling following the blowout and oil spill from BP PLC’s (BP) Macondo well.
[...] the rest of this great post here Comments (0) Posted in Oil Spill [...]
[...] This post was mentioned on Twitter by Freedomist and Lehigh Valley News, krossnews. krossnews said: world news Shell Oil feels economic pinch from Drilling Ban Moratorium- Business News- O.. http://bit.ly/diibs7 #world #news [...]