Century Exploration Sues U.S. Over Drill Ban Changes
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Century Exploration New Orleans Inc. sued the U.S. over changes in offshore drilling rules that it said made development of its $23 million Gulf of Mexico lease “commercially impractical.”
The Louisiana oil company filed suit in the U.S. Court of Federal Claims in Washington today over a series of regulatory changes the Interior Department imposed on offshore exploration after the BP Plc oil spill. The Obama Administration halted all drilling in waters deeper than 500 feet in May, after the explosion and sinking of the Deepwater Horizon caused the worst marine oil spill in U.S. history.