Bloomberg: Rig rout puts smaller drillers in front as oil majors scale back

Bloomberg: Rig rout puts smaller drillers in front as oil majors scale back

Bloomberg reports: Crude oil’s plunge is leaving drilling rigs idle from Africa to Latin America as the world’s biggest energy companies curtail spending and stall projects. Their smaller rivals are seizing the opportunity to gain ground. Sound Oil Plc, a Mediterranean producer one-500th the size of Eni SpA, will start exploring fields in Morocco and […]

By June 30, 2015 0 Comments Read More →
Baton Business Report: Baton Rouge economist suggests job losses in oil and gas stabilizing

Baton Business Report: Baton Rouge economist suggests job losses in oil and gas stabilizing

The Baton Rouge Business Report says: For the second consecutive week, job losses in mining employment—that’s the category that includes many oil and gas exploration and extraction jobs—have slipped below 100 in Louisiana. As The Advertiser reports, a leading Louisiana economist suggested today that the worst might be over for oil and gas job losses […]

By June 29, 2015 0 Comments Read More →
Advertiser: Canadian oilfield services company to locate here

Advertiser: Canadian oilfield services company to locate here

The Advertiser reports: Insitu Data Solutions Inc. will open a manufacturing and service center in Lafayette to serve oilfield services customers, the company announced Thursday. In a statement issued by Insitu Data Solutions’ managing director, Stefano Gaeta, and Gov. Bobby Jindal, the company said it would engineer, manufacture and market “next generation equipment” for cased-hole […]

By June 26, 2015 0 Comments Read More →
Don Briggs: BP is answering the challenge

Don Briggs: BP is answering the challenge

The oil and gas industry has a storied history in the state of Louisiana. Over the last one hundred years, the industry has provided hundreds of thousands of direct and indirect jobs to this state. To clarify the obvious, the oil and gas industry is an industrial segment that depends on human ability as well […]

By April 16, 2015 1 Comments Read More →
Keep Louisiana Competitive

Keep Louisiana Competitive

By Don Briggs President, Louisiana Oil and Gas Association As the 2015 Louisiana State Legislature convenes, a $1.6 billion budget deficit has everyone wondering what or who gets cut first? While the state has a deficit to deal with for this fiscal year, the oil and gas industry has its own set of worries. The […]

By April 1, 2015 0 Comments Read More →
Keystone Pipeline Still Makes Sense

Keystone Pipeline Still Makes Sense

By Don Briggs President, Louisiana Oil and Gas Association Take your pick as to the reason why the Keystone XL pipeline is necessary for the United States’ future. Most of the following items could be reason enough to finish the construction of the pipeline: jobs, economic impact, national security, safety, and finally, imported resources from […]

By March 11, 2015 0 Comments Read More →

Fox News: New York formalizes ban on fracking, ending 7-year review

Fox News reports: ALBANY, N.Y. – New York formalized its ban on high-volume hydraulic fracturing for natural gas on Monday, concluding a seven-year environmental and health review that drew a record number of public comments. “After years of exhaustive research and examination of the science and facts, prohibiting high-volume hydraulic fracturing is the only reasonable […]

By June 30, 2015 0 Comments Read More →

Bloomberg: Oil’s decline is making your Fourth of July barbecue cheaper

Bloomberg reports: Countries that are net importers of crude oil and industries with high fuel costs are likely to see huge benefits as crude oil remains low. Americans will spend less this year firing up the grill for Fourth of July barbecues, thanks to cheaper energy and rising dairy and pork production. The cost of […]

By June 30, 2015 0 Comments Read More →

FuelFix: Pair of companies to build 700,000-barrel crude oil storage near Houston

FuelFix reports: HOUSTON — Magellan Midstream Partners and LBC Tank Terminals have announced a $95 million crude oil storage and transportation project along Houston’s Gulf Coast. The two companies said they will build about 700,000 barrels of new crude oil storage and distribution infrastructure near Seabrook, Texas, about 30 miles southeast of Houston. The new […]

By June 30, 2015 0 Comments Read More →

Advocate: Louisiana’s Tuscaloosa, Haynesville shales hampered by oil, natural gas prices

The Advocate reports: Drillers are closing in on the most efficient and consistent way to produce oil from the Tuscaloosa Marine Shale across Louisiana’s midsection, but low prices will strongly affect drilling activity. Likewise, natural gas prices will hamper activity in the Haynesville Shale in northwest Louisiana until proposed export terminals are operating, energy summit […]

By October 23, 2014 0 Comments Read More →

EE News: How do you survive a gas boom and bust? For starters, pay in cash

EE News reports: MANSFIELD, La. — Local officials in the Haynesville Shale believe they’ve unlocked the secret for successful spending of gas boom wealth. The approach? Invest quickly in health, safety and education, and squirrel away the rest for a rainy day. “Just because we have it don’t mean we have to spend it,” DeSoto […]

By October 20, 2014 0 Comments Read More →
NOLA.com: Houston firm buys $275 million stake in Haynesville natural gas fields

NOLA.com: Houston firm buys $275 million stake in Haynesville natural gas fields

NOLA.com reports: A Houston energy investment firm will pay nearly $275 million for thousands of acres of legacy oil and natural gas fields located along the eastern edge of the Haynesville Shale in north Louisiana. The deal is the latest in a string of purchases that signal renewed investor interest in the area. Vanguard Natural […]

By September 4, 2014 0 Comments Read More →

Other Recent Articles

The Hill: Supreme Court overturns landmark EPA air pollution rule

The Hill reports: The Supreme Court dealt a blow to the Obama administration’s landmark air quality rule on Monday, ruling the Environmental Protection Agency did not properly consider the costs of the regulation. In a 5-4 ruling, the justices ruled that the EPA should have taken into account the costs to utilities and others in […]

By June 30, 2015 0 Comments Read More →

Advocate: Offshore helicopter company opens 35-acre Houma base

The Advocate reports: HOUMA, La. (AP) — Houston-based Era Group has opened a 35-acre helicopter base for offshore flights to and from Houma-Terrebonne Airport. The Courier reports (http://bit.ly/1RIZ0rY ) that the base houses 30 helicopters that will carry 15,000 workers to and from oil platforms each month. President, CEO and chief financial officer Chris Bradshaw […]

By June 30, 2015 0 Comments Read More →

Nola.com: Supreme Court won’t hear BP, Anadarko appeal over Gulf spill fines

Nola.com reports: The Supreme Court won’t hear appeals from BP and Anadarko Petroleum Corp. over Clean Water Act fines for the 2010 Gulf of Mexico oil spill. The justices on Monday let stand a lower court ruling that said the owners of the blown-out Macondo well could not avoid federal fines for the spill by […]

By June 30, 2015 0 Comments Read More →