OPEC struggles to cut oil production as part of deal to limit global supply

OPEC struggles to cut oil production as part of deal to limit global supply

Energy industry watchers have been skeptical of OPEC’s and other major producers’ promises to curtail production. Shortly after the agreement was announced in October, Louisiana Oil and Gas Association Vice President Gifford Briggs told The Advocate he wouldn’t put too much faith in the Saudis. “What we’ve historically seen with OPEC is there are talks […]

New Orleans city councilman withdraws proposal to sue oil and gas companies

New Orleans city councilman withdraws proposal to sue oil and gas companies

Jason Williams, a New Orleans city councilman, has stepped back from asking the city to sue the oil and gas industry. “This is about people trying to grab money and it is trial lawyers trying to enrich themselves off the oil and gas industry,” Don Briggs, president of the Louisiana Oil and Gas Association, told […]

MORE THAN HALF OF CANDIDATES ON FALL BALLOT GET A FREE PASS

MORE THAN HALF OF CANDIDATES ON FALL BALLOT GET A FREE PASS

Even though qualifying just wrapped up last week and the primary elections will not be held for another three months, 54 percent of the races originally scheduled for the October ballot have already been settled. No, this isn’t an electoral riddle. There are 41 newly elected politicians in Louisiana because no one ran against them, […]

Its More Than Just Rig Counts

Its More Than Just Rig Counts

At the start of the recent downturn in global oil prices, experts both inside and out of the industry relied on rig count data to be the grand indicator of how the industry was doing and when we might see signs of recovery from the tough financial times. When the rig count dropped, industry experts […]

A Step to Reignite Louisiana’s Oil and Gas Industry

A Step to Reignite Louisiana’s Oil and Gas Industry

The 2017 Regular Legislative Session was 60 days of sloshing in waste deep tax policy in order to fix a budget deficit and prepare the state for the upcoming fiscal cliff. During this period, unusual alliances were made, and long-time partners found themselves disagreeing on various tax policies and how to go about fixing Louisiana’s […]

The Center of the Natural Gas Universe

The Center of the Natural Gas Universe

Here in Louisiana, a source of pride amongst our oil and gas industry has been the pipeline infrastructure and exporting facilities we possess in the state. This infrastructure has allowed Louisiana to lead the charge as we pursue energy security and haul energy resources across the state, nation, and globe. There is one place, an […]

Kuwaiti oil minister says further production cuts are possible

Kuwait’s oil minister Essam al-Marzouq said on Saturday that compliance with oil production cuts by OPEC and non-OPEC countries is good and that deeper cuts are possible. Asked about the possibility of further cuts to support the price of crude, the minister said: “Everything is open.” Ministers from the Organization of the Petroleum Exporting Countries […]

Oil rises after Saudi vows to cap crude exports next month

Oil rallied on Monday, erasing early losses after leading OPEC producer Saudi Arabia pledged to cut its exports to help speed up the rebalancing of global supply and demand. Saudi Energy Minister Khalid al-Falih said his country would limit crude oil exports at 6.6 million barrels per day in August, almost 1 million bpd below […]

Crude Oil Price Update – Reversing to Upside after Earlier Losses

September West Texas Intermediate crude oil futures are trading slightly higher after recovering from early session weakness. The price action suggests investors are waiting for news from the OPEC/Non-OPEC oil ministers meeting in St. Petersburg, Russia. There is speculation that the Saudi’s will cap crude exports next month, or the oil ministers will agree to […]

QEP Resources Announces Agreements to Sell Natural Gas Assets In Southwest Wyoming for $777.5 Million

This post was originally published on this siteDENVER, July 24, 2017 (GLOBE NEWSWIRE) — QEP Resources, Inc. (NYSE:QEP) (“QEP” or the “Company”) announced today that its wholly owned subsidiary, QEP Energy Company, has entered into two definitive agreements to sell natural gas assets in southwest Wyoming for combined proceeds of $777.5 million, subject to customary […]

By July 24, 2017 Read More →

Thunder Energies Announces a Breakthrough in the Neutron Technology

This post was originally published on this siteTARPON SPRINGS, Fla., July 24, 2017 (GLOBE NEWSWIRE) — Brian Buckley, Sales Manager of Thunder Energies Corporation, a publicly traded company with stock symbol (OTC:TNRG),  announced that the Company has achieved, in collaboration with the well-established company TEIS Electronic Solutions, s.r.l., from Verona, Italy, a technical breakthrough in […]

By July 24, 2017 Read More →

RigNet Announces Strategic Asset Acquisition of Data Technology Solutions (DTS)

This post was originally published on this siteHOUSTON, July 24, 2017 (GLOBE NEWSWIRE) — RigNet, Inc. (NASDAQ:RNET), announced today it has acquired substantially all of the assets of Data Technology Solutions (DTS), a private Louisiana based company that provides comprehensive communications and IT services to the onshore, offshore, and maritime industries, as well as disaster […]

By July 24, 2017 Read More →

Other Recent Articles

Oil price, Aminex, Cabot Energy, Sundry-Falcon-Columbus- And finally…

The oil price rose again reaching levels last seen on 6th of June but Brent also hitting the big figure obstacle which it has struggled to break through in recent  attempts. The EIA inventory stats were mainly full of good news, the crude draw of 4.7m barrels was 1.2m more than forecasts while gasoline drew […]

Political Horizons: The election for the most important job you’ve never heard of deserves more attention

The best debut video in what otherwise is a boring election season has to be Public Service Commission candidate Craig Greene talking about checking if a cow is pregnant. “There’s only one way to check,” he says. Actually, there’s more than one way, but his knowing chuckle indicates he means the most direct: rectal palpation… […]

Despite lack of traction, raising minimum wage ‘still a priority’ for Gov. John Bel Edwards; what’s holding him back?

Kenya Harris recalls taking the city bus from classes at Baton Rouge Community College to her minimum wage job at a fast food restaurant off Sherwood Forest across town — changing into her uniform in the restaurant’s bathroom each day. “It was so hard,” she said, looking back nearly 10 years later. “I didn’t even […]