Posted in Business, News

Yikes, BP terminates contracts offshore rigs

   March 31, 2015

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Coming the heels of City COO Tamara Fountain’ announcement that DeepFlex has suspended construction at its facility at the Port of Pensacola. Reuters reports BP terminated contracts for two deepwater oil drilling rigs in the Gulf of Mexico as the British oil company slashes its exploration budget due to fallen oil prices.

Mayor Ashton Hayward is learning that making economic development announcements is easy. Completing the projects and landing the jobs are completely different challenges and require other skill sets.

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