Analysis: Drilling stoppage threatens future energy projects

07/16/2010 | Reuters

The deepwater-drilling moratorium puts a number of offshore energy projects at risk, as drillers are starting to move staff and equipment away from the Gulf of Mexico, according to this analysis. It could also affect Gulf production, which accounts for 30% of U.S. oil output and 11% of natural gas output. "The biggest risk to the industry is rigs moving out," said Phil Weiss from Argus Research. "If a rig goes, it's not a short-term decision, and it can put projects behind."

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