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Earlier this week, the Obama administration said Noble Energy (NBL) could restart drilling operations at its Santiago well in the Gulf. The announcement will make Noble the first company to resume drilling in the region since last April's BP (BP) Deepwater Horizon disaster -- and the first since the moratorium on deepwater drilling in the Gulf was lifted last October.
The other bit of news is that a semi-submersible oil rig, originally due to arrive in Cuban waters this month, will reportedly be delayed until late summer.
Working Around U.S. Trade Embargo
See full article from DailyFinance: http://srph.it/hJE7lI
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