<http://doctorbulldog.wordpress.com/author/doctorbulldog/> Obama's
Offshore Drilling Moratorium Working Like a Charm - Seahawk Drilling Files
For 
Bankruptcy<http://doctorbulldog.wordpress.com/2011/02/14/obamas-offshore-drilling-moratorium-working-like-a-charm-seahawk-drilling-files-for-bankruptcy/>
*doctorbulldog <http://doctorbulldog.wordpress.com/author/doctorbulldog/>* |
14 February, 2011 at 11:05 am | Categories:
business<http://doctorbulldog.wordpress.com/?category_name=business>,
Obama Sucks <http://doctorbulldog.wordpress.com/?category_name=obama-sucks>,
politics <http://doctorbulldog.wordpress.com/?category_name=politics> | URL:
http://wp.me/p1NPg-6T8

*Yup, more jobs in the unemployment line saved and/or created by Our Dark
O'verlord:*

*Seahawk Drilling seeks bankruptcy, to sell assets*

*Via USA 
Today*<http://www.usatoday.com/money/companies/2011-02-12-seahawk-drilling_N.htm>

HOUSTON (AP) — Seahawk Drilling Inc. said it has filed for bankruptcy
protection and plans to sell its fleet of offshore drilling rigs to a
competitor for $105 million.

Seahawk, which announced the deal with Hercules Offshore Inc. Friday, has
been hurt by a slowdown in Gulf of Mexico drilling after the BP oil spill
last April. The government halted drilling in deep waters and imposed tough
new rules that have curtained all energy exploration in U.S. waters.

Seahawk owns a fleet of 20 jackup rigs for shallow water exploration, while
Hercules owns 30 rigs, vessels and other equipment. It also provides
drilling services. The deal creates a larger company with a more diverse
fleet and greater operational flexibility, Seahawk said.

Both companies are based in Houston.

[...]

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