While industry is encouraged by regulation postponements, DEQ fears funding cuts might slow permitting

While industry is encouraged by regulation postponements, DEQ fears funding cuts might slow permitting

Gifford Briggs, vice president of the Louisiana Oil and Gas Association, says oil and gas industry concerns about a ban on hydraulic fracking have virtually disappeared under the new EPA. “We’re no longer under the constant threat that we’re going to wake up tomorrow and the most important factor in industry is going to be […]

Small Louisiana Oil and Gas Service Companies – Where and How Do We Fit in…

Small Louisiana Oil and Gas Service Companies – Where and How Do We Fit in…

The Lafayette International Center is pleased to invite you to a luncheon presenting our guest speaker Mr. J. David Payne, VP, Global Drilling and Completions, Chevron Corporation. Mr. Payne will discuss the new business models being implemented by the major companies in the industry using Chevron’s current global business operation model to inform small Louisiana […]

Gulf oil bidding seen as lackluster

Gulf oil bidding seen as lackluster

A Gulf of Mexico lease sale this week attracted what some analysts and industry officials describe as weak interest from oil and gas companies amid persistent low crude prices. Companies offered $121.1 million in high bids on 90 tracts at Wednesday’s federal lease sale, the Bureau of Ocean Energy Management said. It was the first […]

By August 18, 2017 0 Comments Read More →
A Partnership Worth Keeping

A Partnership Worth Keeping

From the oil platforms in the Gulf of Mexico to the drilling rigs in the Hayensville Shale, the oil and gas industry has played a vital role our culture, economy, and our community. It is well known in Louisiana that if you do business in our great state, you are somehow involved in the oil […]

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 […]

Oil Prices Sag As Investors Turn Bearish

Oil hit a low of $47 dollars before US government expected crude inventories would dip during a season of strong demand. The black stuff has struggled below $50 as investors fear a global gut is dwindling slower than previously thought as rising stockpiles offsets cuts by the Organization of Petroleum Exporting Countries. US oil rigs […]

Crude oil prices up in Asia as Trump unveil steady course in Afghanistan

Crude oil rose in Asia on Tuesday as President Donald Trump laid out a strategy for keeping troops in Afghanistan after 16 years, though promising a tougher and more pragmatic approach to supporting the government in Kabul and working with partners such as Pakistan. On the New York Mercantile Exchange crude futures for October delivery […]

Oil prices rise on signs of gradually tightening market

Oil prices rose on Tuesday, lifted by indications that supply is gradually tightening, especially in the United States. Brent crude oil was up 40 cents at $52.06 a barrel by 0715 GMT. U.S. light crude was 35 cents higher at $47.72. “U.S. crude oil stocks have been falling consistently in recent weeks,” said Fawad Razaqzada, […]

PHI Group Forms Strategic Alliance with Tho Xuan Duong JSC, a Vietnamese Traditional Medicine and Herbal Company with Nearly 400 Years’ History

This post was originally published on this siteNEW YORK, Aug. 22, 2017 (GLOBE NEWSWIRE) — PHI Group, Inc., (www.phiglobal.com) (OTCQB:PHIL), a company focused on mergers and acquisitions and investments in natural resources, energy, agriculture, healthcare and special situations, announced today that it has signed a Master Business Cooperation Agreement with Tho Xuan Duong Joint Stock […]

By August 22, 2017 Read More →

Blackbird Energy Inc. Announces the Appointment of Allan Dixon as Business Development Manager

This post was originally published on this siteCALGARY, Alberta, Aug. 22, 2017 (GLOBE NEWSWIRE) — Blackbird Energy Inc. (TSX-V:BBI) (“Blackbird”) is pleased to announce the appointment of Allan Dixon as Business Development Manager.  In this role Mr. Dixon will be responsible for investor relations, communication initiatives and strategic business awareness programs in North America and […]

By August 22, 2017 Read More →

Green Mountain Power Recertified as B Corp, A Force for Good

This post was originally published on this siteCOLCHESTER, Vt., Aug. 21, 2017 (GLOBE NEWSWIRE) — Just over three years have passed since Green Mountain Power was recognized as the first utility in the world to become a Certified B Corp – and the Colchester-based energy company has received recertification. B Corps are companies that believe […]

By August 21, 2017 Read More →

Other Recent Articles

The Phenomenon of Independent ‘Teapot’ Refiners in China

After a rise, must come a fall. Chinese refinery runs in June 2017 reached the second highest level on record, jumping to 11.21 mmbpd, up from 10.98 mmbpd in May 2017 and up 2.3% y-o-y. Two of the highest monthly output statistics have occurred in the last nine months, the absolute highest being 11.26 mmbpd […]

Steve Scalise looks forward to return to Capitol Hill, but when he does depends on what his doctor says

The Louisiana congressman shot at a baseball practice in mid-June is telling colleagues that his return to the Capitol will be based on his doctors’ advice and a date has not yet been determined. A spokeswoman for House Majority Whip Steve Scalise, Lauren Fine, said the congressman participated Monday in a conference call with fellow […]

Why the $50 Mark Looks so Hard for US Crude Oil Prices

Between August 11–18, 2017, US crude oil (USO) (USL) (DBO) October futures fell 0.6% and settled at $48.66 per barrel on August 18, 2017. It was the third-straight weekly loss and the third in the row in August. US crude oil production above the mark of 9.5 million barrel per day could be the main reason […]