Advocate: Oil executive: Companies must work together to survive drop in prices

Advocate: Oil executive: Companies must work together to survive drop in prices

Advocate reports: As oil prices continued sliding to a six-year low, the president of energy giant Hess Corp. warned Thursday that energy companies will need to pool resources and knowledge in order to survive the latest boom-or-bust cycle. “It’s clear that there’s a lot of uncertainty in our business in this short-term cycle,” Gregory Hill, […]

By January 30, 2015 0 Comments Read More →
Nola.com: Despite Sasol, oil price slump not an immediate threat to new Louisiana projects

Nola.com: Despite Sasol, oil price slump not an immediate threat to new Louisiana projects

Nola.com reports: With Sasol delaying its $14 billion gas-to-liquids plant near Lake Charles during an oil price slump, area petrochemical executives say the lower prices of oil and gas, which were driven widely by decreased global demand for crude oil, pose no immediate threat to other pending projects in the state. “The oil prices will […]

By January 29, 2015 0 Comments Read More →
FuelFix: Anadarko turns massive Gulf spar into marine habitat

FuelFix: Anadarko turns massive Gulf spar into marine habitat

FuelFix reports: HOUSTON – Anadarko Petroleum Corp. has turned a 7,200-ton cell spar hull into a dark cave-like habitat for fish, sea anemones and other deep-sea creatures 200 miles off the coast of Louisiana. The Red Hawk spar facility, which began its operations in the Gulf of Mexico a decade ago, is a series of […]

By January 28, 2015 0 Comments Read More →

Haynesville Shale Could See Increase In Activity

The hot topic around the world continues to be the falling price of oil. Yes, oil prices have fallen more than $60 over the last few months. The stock market has seen points fall off the board, operating companies have reduced drilling budgets for 2015, the workforce has experienced some cutbacks and the general consumer […]

By January 14, 2015 0 Comments Read More →
2015: A Year Of Action

2015: A Year Of Action

By Don Briggs President, Louisiana Oil and Gas Association 2015 should be a year of action for the Louisiana oil and gas industry. While companies will be evaluating budgets, trimming employees and estimating the affects of the falling oil prices on their organizations, necessary attention should be given to another topic as well. Something completely […]

By December 31, 2014 6 Comments Read More →
OPEC Threatened By U.S. Shale Plays

OPEC Threatened By U.S. Shale Plays

By Don Briggs President, Louisiana Oil and Gas Association $67 dollar oil today is a far cry from the $115 dollars a barrel of this past summer. Columns have been written and television analysts are spent from guessing how low prices might go over the coming months. The quickest indicator of falling oil prices is […]

By December 3, 2014 0 Comments Read More →

Nola.com: Norwegian maritime firm to invest $20 million in St. Rose expansion

Nola.com reports: Kongsberg Maritime, a Norwegian maritime technology firm, will invest $20 million to open a new 82,000-square-foot office and training facility in St. Rose. The move is a long-term bet on the Gulf of Mexico oil and gas market, which Kongsberg executives expect to remain strong despite slumping oil prices. The new facility will […]

By January 30, 2015 0 Comments Read More →

Advocate: Why Sasol is delaying $14B fuel facility — the priciest industrial investment in Louisiana history

The Advocate reports: A decision on a $14 billion chunk of a project touted to be the most expensive industrial investment in Louisiana history was delayed Wednesday because of the collapse in oil prices. South African energy giant Sasol said it will delay its final investment decision on its proposed gas-to-liquids plant in the Lake […]

By January 30, 2015 0 Comments Read More →

Advertiser: Oil on the mind of Upper Lafayette

The Advertiser reports: The Upper Lafayette Economic Development Foundation addressed the highs and lows of the oil and gas industry Thursday during its fifth annual success in business luncheon. Lafayette-based energy service company Stella Maris, founded by Butch Ray and Paul Stutes, was honored with ULEDF’s 2015 honoree as an “upper Lafayette success story.” The […]

By January 30, 2015 0 Comments Read More →
Advocate: Louisiana’s Tuscaloosa, Haynesville shales hampered by oil, natural gas prices

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

Advertiser: Candidates lend insights at oil and gas annual meeting

The Advertiser reports: NEW ORLEANS – Three candidates for Louisiana governor — PSC Commissioner Scott Angelle, Lt. Gov. Jay Dardenne and State Rep. John Bel Edwards — lent their insights on the oil and gas industry at the Louisiana Mid-Continent Oil & Gas Association’s annual meeting Thursday in a session that was closed to the […]

By January 30, 2015 0 Comments Read More →

Nola.com: Senate passes bill to build Keystone XL pipeline, but margin isn’t enough to override threatened veto

Nola.com reports: WASHINGTON — Five votes short of the 67 needed to override a threatened veto by President Barack Obama, supporters of legislation passed by the Senate Thursday to build the Keystone XL Pipeline urged the president to reconsider and sign the bill into law. The bill passed 62-36. “We have been fighting to get […]

By January 30, 2015 0 Comments Read More →

WSJ: New York’s Missing Storm Buries Natural-Gas Prices

The Wall Street Journal reports: There was a time when people were pleased that a storm turned out to be less fearsome than anticipated. But grumpy New Yorkers weren’t the only ones frustrated that the promised snowmageddon didn’t seem to justify the city’s shutdown this week. Anyone long of natural gas is feeling the same—and […]

By January 29, 2015 0 Comments Read More →