Dave Barousse News

Offshore Vessel Operators Suffer As Gulf Oil Output Sags

As seen in the August edition of MarineNews, Susan Buchanan updates readers on the GOM oil production situation. BP's gushing well was capped more than a year ago but life is hardly back to normal in the U.S. Gulf--where rigs and vessels remain underutilized. At least ten rigs have moved overseas since last summer. Gulf oil production is below pre-spill levels and won't recover anytime soon, analysts say. Issuance of drilling permits picked up this spring as operators agreed to use oil-containment systems but permitting lags earlier rates.