Offshore drilling ban could be a blow

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President Barack Obama’s announcement Thursday that work at 33 deepwater drilling operations would be suspended immediately was like sealing the region’s economic death from the ongoing oil plume gushing into the . This affects many offshore jobs.

Sixteen companies have operations that will be affected by the six-month shutdown, including Shell, Chevron, BP, Marathon, Eni, Petrobras, Hess and LLOG Exploration, a Metairie-based division of Hess.

After oil prices crashed in 1999, deepwater drilling activity in the Gulf of Mexico didn’t really get going again until 2004.

Source: Nola.

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