Governor’s centerpiece sales tax proposal rejected

Governor’s centerpiece sales tax proposal rejected

The first big vote of this special session went against Gov. John Bel Edwards this morning when a committee buried the administration’s key proposal for the state sales tax structure: making permanent a half-penny of the expiring penny state sales tax. Edwards called lawmakers into a special session, which is set to end June 4, […]

Key markers point to possible turnaround for drilling

Key markers point to possible turnaround for drilling

Scott Angelle, director of the federal Bureau of Safety and Environmental Enforcement, said there are several key markers for the oil and gas industry that suggest improvements, including increases in production rates, drilling rig activity and well permit approvals. “I can say with a level of a confidence that it is turning around,” Angelle said. […]

Top offshore regulator says “renewal of optimism” behind drilling rise in Gulf of Mexico

Top offshore regulator says “renewal of optimism” behind drilling rise in Gulf of Mexico

The top U.S. offshore safety official said Wednesday that a recent rise in drilling activity in the Gulf of Mexico was in part the result of a “renewal of optimism” following the Trump administration’s push to roll back regulation. “This administration is very clear on offshore [oil and gas] being a prominent part of America’s […]

The Future of Oil and Gas

The Future of Oil and Gas

Gifford Briggs, President of the Louisiana Oil & Gas Association   The days of pen and paper seem to be coming to a close as this method of communication is being replaced by tablets and smart phones. We no longer have the attention span to wait on a letter to arrive by mail.  Instead, we […]

Austin Chalk: Louisiana’s Golden Egg ?

Austin Chalk: Louisiana’s Golden Egg ?

Gifford Briggs, President of the Louisiana Oil & Gas Association Easter is one of my favorite times of year to spend with my family. Not only is it a time to celebrate the resurrection of Jesus Christ, but it is a time to get together with those you love, consume endless amounts of boiled crawfish, […]

A New Pair of Gloves

A New Pair of Gloves

Don Briggs, President Emeritus of the Louisiana Oil and Gas Industry    The oil and gas industry is a very unique and timeless industry here in the great state of Louisiana. It has given me some of the best and most challenging moments in my life, but I think to the overall benefit of those […]

Russia: Expect more oil in the second half of the year

Parties to an OPEC-led effort to trim a market surplus through production cuts may reverse course in the second half of the year, Russia’s oil minister said. The Organization of Petroleum Exporting Countries and a handful of non-member state producers are in the second year of an effort to erase a market surplus through production […]

Russia shares oil market view with Saudi Arabia

Russia shares many of the same positions of Saudi Arabia when it comes to decision-making about the global oil market, the country’s energy minister said. Russian Energy Minister Alexander Novak told reporters on the sidelines of the St. Petersburg International Economic Forum that the Kremlin was on the same page as Riyadh on oil. “I […]

Economic, trade concerns drag oil prices lower

European concerns about broad-based economic volatility and fretting over supply-side shocks helped send crude oil prices sharply lower early Thursday. Crude oil prices touched $80 per barrel on Monday after the U.S. government increased sanctions pressures on Iran and Venezuela. Markets have since bounced down from that ceiling amid signs of an economic downturn and […]

Thunder Energies announces interview with Midnight in the Desert w/Heather Wade on the danger posed by antimatter asteroids

TARPON SPRINGS, Fla., Dec. 20, 2017 (GLOBE NEWSWIRE) — Brian Buckley, Operations Manager of Thunder Energies Corporation, a publicly-traded company with stock symbol (OTC:TNRG), announces that Dr. Ruggero M. Santilli, company Chief Scientist, has been interviewed on December 6, 2017 by Ms. Heather Wade, host of Midnight in the Desert Radio (http://midnightinthedesert.com/how-to-listen) from 9:00 pm […]

By December 20, 2017 Read More →

TransGlobe Energy Corporation Announces Q4 2017 Operations Update

CALGARY, Alberta, Dec. 20, 2017 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (TSX:TGL) (NASDAQ:TGA) announces an operational update. All dollar values are expressed in US dollars unless otherwise stated. Highlights Annual 2017 average production is trending to ~15.4 MBoepd, a 27% increase over 2016 Lifted and sold ~510 thousand barrels of entitlement crude […]

By December 20, 2017 Read More →

Eagle Energy Inc. Announces Ongoing Production Results from its First North Texas Well

CALGARY, Alberta, Dec. 19, 2017 (GLOBE NEWSWIRE) — (TSX:EGL):  Eagle Energy Inc. (“Eagle”) is pleased to announce that, one month after initial production, the oil, natural gas and natural gas liquids rates from its first North Texas horizontal well continue to perform at budgeted levels.  Currently, the well is producing 450 barrels of oil equivalent […]

By December 19, 2017 Read More →

Other Recent Articles

Petroleum’s rising price depends on supply and politics

The price of oil is going up but the good news is that there isn’t going to be a shortage — or so our Saudi allies tell us. Supplies are ample despite “recent market volatility.” It is some consolation that there shouldn’t be lines at gas stations, but why are we having to pay so […]

The Rundown: Tax measure moves but special session outlook remains murky and more Louisiana politics news

Today in The Rundown: The special session continues into the Memorial Day weekend but as one bill advances, outlook remains murky; A Super Bowl celebration at the Capitol; Hospitals rally for funding support; and everything else you need to know in Louisiana politics today. Countdown… Days until the 2018 special session must end: 10 Days until the […]

Rising oil prices won’t hurt the economy until they hit $120 a barrel

The rising price of oil has been one of the biggest economic stories of the year. Some experts have argued that the rising cost of gas could negate the benefits consumers reaped from the Trump tax cuts passed in late 2017. But when it comes to the overall economic impact of rising oil prices, some economists […]