President Obama's moratorium on deepwater drilling may be stuck in legal limbo for the time being, but it's already having a tangible effect. Foreign Affairs Minister Stephen Smith will fly to Indonesia this week to outline Australia's plan for an immigration processing centre in East Timor. Diamond Offshore Drilling Inc. will shift its deepwater Ocean Endeavor rig to Egypt as indecision rises up in regards to the contested drilling suspension in the Gulf of Mexico, the firm said on Friday.
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