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Wednesday, Jul 31
Blowout could shift regulator focus to shallow-water drilling
- Last week's blowout on a Hercules natural gas rig off the Louisiana coast could shift regulators' focus to shallow-water drilling and make an overhaul of safety equipment regulations more likely.
- Since the BP disaster, most attention has been on drilling in Gulf water thousands of feet deep, where energy companies are chasing large new fields and the risks seemed greatest.
- Top makers of blowout preventers are National Oilwell Varco (NOV), Cameron (CAM) and GE unit Hydril Pressure Control.