U.S. Issues Deep-Water Drilling Permit

Back to Business

Updated Apr. 24, 2017 4:25PM EDT / Published Mar. 01, 2011 1:13AM EST

Shall we thank Muammar Gaddafi? The Obama administration has approved the first deep-water drilling permit since BP’s Deepwater Horizon oil-spill disaster last year. The permit allows Noble Energy Inc. to resume drilling a well in 6,500 feet of water about 70 miles off the coast of Louisiana. The Obama administration lifted a formal ban on drilling in October but has declined to issue any new permits, saying that oil companies had not proven they could safely drill. However, rocketing oil prices due, in part, to the situation in Northern Africa could have led the administration to relent in its opposition.

Read it at The Wall Street Journal

Southwest Airlines Cuts Service to 4 International Airports

The airline reported losses of $218 million excluding special items in the first quarter, up from $163 million reported a year ago.

Cousin Hopes Josh Duggar Is Experiencing ‘Absolute Torture’

Three years after the former “19 Kids And Counting” star was arrested for child sex abuse materials, his cousin Amy says she still wishes him the worst.

Founding Member of The Moody Blues Dead at 82

The English rocker founded the band in 1964 and was inducted into the Rock and Roll Hall of Fame in 2018.

1st Cargo Ship Exits Baltimore Harbor Since Bridge Collapse

The Balsa 94, one of several large ships trapped for nearly a month, left through a new deep-water channel.

Julia Fox Wants to Shake the ‘Kanye’s Ex-Girlfriend’ Label

“I have such a sour taste in my mouth about dating anyone in this sphere,” Fox said.

White House Uses NYT-Spoofing X Account to Fuel NYT Feud

The Biden White House has found creative ways to get under the Times’ skin, according to a new report.

Beatrice Heard Ex Died Just After Fergie Cancer News: Report

The shocking revelations reportedly came within just three weeks of one another.

ByteDance Won’t Sell TikTok to Protect Its Algorithm: Report

Sources said that if the company’s legal challenges fail, ByteDance would be willing to call it a loss.

U.S. Issues Deep-Water Drilling Permit