U.S. District Court Judge Martin Feldman on June 22 ordered an injunction against the federal government’s six-month moratorium on deepwater oil drilling in the Gulf of Mexico, issued one month after the April 20 explosion of BP’s Deepwater Horizon oil platform. The New Orleans-based judge agreed with the plaintiffs, oil services firms and others that the government was “arbitrary and capricious” in implementing the May 28 ban on new wells in more than 500 ft of water. Feldman said the government did not prove that the accident indicates a threat from the 33 rigs operating in the Gulf. The federal
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.