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U.S. issues new offshore oil drilling ban

NEW ORLEANS/WASHINGTON (Reuters) - BP said it had installed a cap meant to halt the flow of oil from its ruptured Gulf of Mexico well on Monday and the Obama administration issued a new moratorium on deepwater oil drilling.

NEW ORLEANS/WASHINGTON (Reuters) - BP said it had installed a cap meant to halt the flow of oil from its ruptured Gulf of Mexico well on Monday and the Obama administration issued a new moratorium on deepwater oil drilling.

The British energy giant said it had installed the 40-ton containment device on the sea floor a mile beneath the ocean surface and said "the stack completes the installation of the new sealing cap."

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