St. John oil suit blames lost wetlands for increased flood risk

St. John oil suit blames lost wetlands for increased flood risk

Don Briggs, president of the Louisiana Oil and Gas Association, which represents many of the small energy firms that operate in coastal Louisiana, reiterated his group’s opposition to this and other parish damage suits. “This is just more of the same from the same small group of trial lawyers,” Briggs said. “We know the biggest […]

House Democrats left wanting more details from Republicans on state budget

House Democrats left wanting more details from Republicans on state budget

Just days after opposition from Republicans doomed a key piece of the governor’s budget-solving strategy, House Democrats say they are still waiting for a credible budget plan from the chamber’s GOP leadership. Two House Republican leaders briefed Democrats Thursday on their ideas to head off next year’s “fiscal cliff,” when $1.3 billion in temporary taxes […]

BP finds hidden trove of oil in Gulf of Mexico via new subsea imaging

BP finds hidden trove of oil in Gulf of Mexico via new subsea imaging

British oil major BP has discovered 200 million barrels of oil in a hidden cache in the Gulf of Mexico, thanks to a technological breakthrough allowing the company to see beneath geological formations that had befuddled oil exploration for decades. The find, worth a potential $2 billion in recoverable oil, is in an undrilled section […]

Ports, Louisiana’s secret ingredient

Ports, Louisiana’s secret ingredient

If you talk to anybody about Louisiana, nine times out of ten, the first thing that comes to mind is our food — and it is for good reason. We take great care in preparing local dishes and protecting our secret ingredients or special processes, especially when it comes to gumbo. Whether it is a […]

It’s Time to Flip the Conversation

It’s Time to Flip the Conversation

With all the talk about optimism in the American oil and gas industry, it is puzzling to some to read a headline stating that a community heavy in oil and gas is experiencing job loss. Unfortunately, this is becoming an all to common trend in Louisiana. While United States is experiencing a significant increase in […]

One Step Forward

One Step Forward

A billowing sigh of relief was heard from oil and gas companies all across Louisiana, and with that sigh came a little boost of confidence. On March 3, the United States 5th District Court of Appeals affirmed a lower court’s dismissal of the Southeast Louisiana Flood Protection Authority’s East lawsuit against nearly 100 oil and […]

Trump To Order Review Of Offshore Drilling Bans

U.S. President Donald Trump on April 28 will order a review of offshore areas currently off-limits to oil and gas drilling to determine which might be reopened, in his administration’s latest move to expand domestic energy production. The order could lead to a reversal of bans on drilling across swathes of the Atlantic, Pacific and […]

OPEC, Non-OPEC Ministers Urges for 100% Implementation of Oil Cut Deal Terms

The JMMC, the joint committee of ministers from the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers, said on Friday that it was content with the progress made with the implementation of the Vienna agreement on reduction of oil output, and has urged the participating countries to push for 100 percent fulfillment of all obligations. “The JMMC expressed its satisfaction with the progress made towards full conformity […]

Russia reaches almost full compliance with oil output cuts

Russia’s oil production cuts have reached almost 300,000 barrels per day, Energy Minister Alexander Novak said on Friday, in line with its pledge to curtail output as part of a global pact. The Organization of the Petroleum Exporting Countries, along with Russia and other leading non-OPEC producers, pledged to cut output by 1.8 million barrels […]

Toscana Energy Announces New $36 Million Senior Secured Revolving Credit Facility

This post was originally published on this siteCALGARY, Alberta, April 28, 2017 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (the “Corporation”) (TSX:TEI) is pleased to announce that it has entered into a commitment letter with respect to a new senior secured demand revolving credit facility with Alberta Treasury Branches (“ATB”). The Credit Facility will provide […]

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Noble Energy Announces Final Clayton Williams Merger Consideration Election and Pro-ration Results

This post was originally published on this siteHouston, April 28, 2017 (GLOBE NEWSWIRE) — Noble Energy, Inc. (“Noble Energy”) (NYSE: NBL) today announced the final merger consideration election results from its acquisition of Clayton Williams Energy, Inc. (“Clayton Williams Energy”), which was completed on April 24, 2017.  Noble Energy acquired Clayton Williams Energy for stock […]

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Abenteuer Announces Name Change to Volt Energy Corp.

This post was originally published on this siteVANCOUVER, British Columbia, April 28, 2017 (GLOBE NEWSWIRE) — Abenteuer Resources Corp. (the “Company”) is pleased to announce that the Company has changed its name to “Volt Energy Corp.”, as approved by the board of directors, in accordance with the articles of the Company, and by the TSX […]

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Other Recent Articles

Oil Prices Rebound in Asia After Latest Bout of Selling

Oil prices rebounded amid some bargain-hunting after a fresh slide overnight to one-month settlement lows. Futures have steadily risen in Asian trading Friday, with global benchmark Brent erasing the decline logged overseas Thursday. June Brent on London’s ICE Futures exchange was recently up 0.8% to $51.83 a barrel while light, sweet crude on the New […]

World Bank Maintains Oil Price Forecast At $55

In its latest Commodity Markets Outlook, the World Bank maintained its Q1 forecast for oil prices at $55 a barrel, saying, however, that overall energy prices will increase 26 percent in 2017. The WB is overall optimistic for oil, expecting supply to tighten in the current quarter as OPEC and non-OPEC production cuts start to affect global […]

Turkish cenbank revises down oil price assumptions to $55 from $57

Turkey’s central bank has revised down assumptions for crude oil prices to $55 from $57 but is maintaining its annual food inflation forecast for 2017 at 9 percent, Central Bank Governor Murat Cetinkaya said on Friday. Food inflation will fall to 7 percent in 2018, he said. Speaking at a quarterly presentation, Cetinkaya said the […]