Wednesday, June 23, 2010

UPDATE 1-Oil firms want ruling lifting drill ban enforced

Wed Jun 23, 2010 7:47pm GMT

"(Adds details from request)

WASHINGTON June 23 (Reuters) - Hornbeck Offshore Services (HOS.N: Quote) and other companies that won an injunction blocking a six-month U.S. moratorium on deepwater drilling have asked thejudge to enforce his ruling after an Obama administration official said he would try to keep the ban in place.

In a federal court in New Orleans on Tuesday, Judge Martin Feldman granted an injunction blocking the moratorium on the grounds that it was too broad, arbitrary and not sufficiently justified despite the massive spill in the Gulf of Mexico.

Obama officials said they would quickly appeal but have yet to do so, or request a stay of the ruling pending the appeal.

Additionally, Interior Secretary Ken Salazar said on Wednesday he would try to reformulate the moratorium and would include criteria for ending it, prompting the request by Hornbeck and the other companies." More>>>>

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