Oil and Gas:
Hercules Offshore's Noe discusses state of industry in Gulf of Mexico
Have offshore drilling operations in the Gulf of Mexico rebounded after the Deepwater Horizon spill and the economic downturn? During today's OnPoint, James Noe, senior vice president, general counsel and chief compliance officer at Hercules Offshore, discusses the state of the offshore drilling industry in the Gulf. He explains why his company has seen a 27 percent jump in stock price in the last quarter and talks about future growth as the industry moves toward more deepwater operations.