With oil prices rising slightly over $100 per barrel in the first quarter of 2011, signs indicate the Gulf of Mexico (GOM) region is coming back to life nearly a year after the explosion of the Deepwater Horizon killed 11 rig workers and caused the worst oil spill in U.S. history. Most offshore-related businesses are slowly recovering from the accident's impact and the subsequent drilling moratorium. As rigs resume drilling and field development projects get back on schedule, many anticipate an uptick in the domestic market in 2011. Oil and gas companies with GOM operations must now operate in a more rigorous regulatory environment to ensure safer exploration and production.
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