Critics knock Edwards on coastal suits

Oil and gas industry advocates criticized Gov. John Bel Edwards’ announcement that the state will pursue litigation against energy companies for damages to Louisiana’s coast. “I do not recommend any further lawsuits be filed,” said Attorney General Jeff Landry. “The only thing additional lawsuits do is raise the cost of litigation, keeping the legal meter […]

By September 23, 2016 0 Comments Read More →

Louisiana Governor Gives Coastal Parishes 30 Days to Join Litigation Against Oil/Gas Industry

Louisiana Gov. John Bel Edwards is reportedly sending letters to the state’s coastal parishes, urging them to join litigation against the oil and gas industry within the next 30 days over decades of alleged environmental damage to wetlands. If they don’t, he said the state will sue on their behalf. But critics, including Louisiana Attorney […]

By September 23, 2016 0 Comments Read More →

Public policy consultant blasts Edwards’ choices in litigation over coastal land loss

For the better part of 2016, Gov. John Bel Edwards and his efforts to get the oil and natural gas industries to pay for the restoration of Louisiana’s coast have been under scrutiny. The scrutiny of Edward’s efforts deals largely with who he is choosing to litigate the case against the oil and gas industries. […]

By September 23, 2016 0 Comments Read More →
A Long, Difficult Road Ahead For Louisiana’s Oil And Gas Producers

A Long, Difficult Road Ahead For Louisiana’s Oil And Gas Producers

Consistently low oil and natural gas prices have set the industry back tens of billions of dollars. According to the U.S. Energy Information Administration (EIA), the sharp decline in crude oil prices caused a stunning $67 billion in combined losses by 40 publicly-traded U.S. oil producers in 2015. Many of those losses hit home right […]

By September 8, 2016 0 Comments Read More →
Lease Sale = More Drilling More Jobs

Lease Sale = More Drilling More Jobs

By Don Briggs President, Louisiana Oil and Gas Association The Bureau of Ocean Energy Management (“BOEM”) held their most recent Gulf lease sale, Western Sale 248, this past Wednesday. This was the first federal offshore oil and gas auction to be broadcast live on the internet. At the lease sale 23.8 million acres in the […]

Crude Oil Market Coming Into Balance

Crude Oil Market Coming Into Balance

By Don Briggs President, Louisiana Oil and Gas Association Through this September, global demand for crude oil will exceed global supply by nearly 1 million barrels per day, according to the International Energy Agency, a Paris based think tank that monitors oil trends.  This is nearly a 3 million barrel swing in crude oil supply […]

Drilling wastewater caused Texas earthquakes, according to space-based radar

Scientists used radar from satellites to show that five Texas earthquakes, one reaching magnitude 4.8, were caused by injections of wastewater in drilling for oil and gas. In 2012 and 2013, earthquakes — five of them considered significant — shook East Texas near Timpson. A team of scientists for the first time were able to […]

By September 23, 2016 0 Comments Read More →

Iraq sets ceiling on oil production before Algeria meeting

Iraq’s Oil Minister said his country supports any deal to prop up oil prices in the international market ahead of next week’s meeting of oil producers in Algeria, adding that fluctuating prices have badly affected the producers. Members of the Organization of the Petroleum Exporting Countries and non-OPEC producers are scheduled to meet Sept. 28 […]

By September 23, 2016 0 Comments Read More →

Don’t bank on oil freeze boosting prices, warns Russian finance minister

A touted oil production freeze by Saudi Arabia might not be enough to boost crude prices, even if it goes ahead, the Russian finance minister told CNBC. Anton Siluanov spoke to CNBC Friday as media reports circulated that Saudi Arabia had offered to freeze oil output if rival producer Iran did the same. Siluanov warned that even […]

By September 23, 2016 0 Comments Read More →

TerraForm Power Makes Information Available Concerning Claims Against SunEdison

This post was originally published on this siteMeets with SunEdison to Start Settlement DiscussionsFiles Initial Proof of Claim in SunEdison Bankruptcy BETHESDA, Md., Sept. 25, 2016 (GLOBE NEWSWIRE) — TerraForm Power, Inc. (Nasdaq:TERP) and TerraForm Power, LLC (together, “TerraForm Power” or the “Company”), an owner and operator of clean energy power plants, today announced that […]

By September 26, 2016 Read More →

EnerNOC Announces Plan to Restructure its Energy Intelligence Software Business

This post was originally published on this siteBOSTON, Sept. 23, 2016 (GLOBE NEWSWIRE) — EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software (EIS) and demand response solutions, announced today that it is restructuring its subscription-based EIS business to refine its focus to select industry segments and high potential customers. This move, from broad market […]

By September 23, 2016 Read More →

Noble Energy Will Host Its Third Quarter 2016 Results Webcast on November 2nd

This post was originally published on this siteHouston, Sept. 23, 2016 (GLOBE NEWSWIRE) — Noble Energy, Inc. (NYSE: NBL) will host its third quarter 2016 results webcast at 10:00 a.m., Central Time, Wednesday, November 2, 2016.  The Company plans to issue its financial and operating results, including supporting presentation materials, prior to the market opening […]

By September 23, 2016 Read More →

Other Recent Articles

Stephanie Grace: New poll suggests (almost) anything can happen in Senate race

Until now, it seemed as if this year’s U.S. Senate race might have less in common with other contests for federal office and more with Mike Foster’s first gubernatorial election more than 20 years ago, with state Treasurer John N. Kennedy following in the footsteps of the two-term chief executive. Not because Kennedy is also […]

By September 23, 2016 0 Comments Read More →

Trump, Clinton offer policies that could hamper energy sector

Democratic presidential nominee Hillary Clinton supports stricter regulations on the energy sector than does her Republican opponent, but Donald Trump’s desire to tear up international treaties also would hurt the oil, gas and petrochemical industries, according to a report from Moody’s Investor Service. Both candidates oppose the pending Trans-Pacific Partnership, which if scuttled could hamper trade with […]

By September 23, 2016 0 Comments Read More →

Oil rises on Saudi offer to cut output as OPEC talks loom

Oil prices jumped on Friday after sources told Reuters Saudi Arabia could reduce its crude production should regional foe Iran cap its own output this year. The Saudi offer, ahead of next week’s meeting of OPEC ministers trying to staunch oil price losses, has yet to be accepted by Tehran, three sources familiar with the […]

By September 23, 2016 0 Comments Read More →