Author Archive: Jordan Gleason

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The Rundown: The latest in tax and budget negotiations and everything else you need to know about the Louisiana Legislature today

Today in The Rundown: The 2017 session is underway; Republicans and Democrats still at odds over budget; a verdict in the Alton Sterling shooting may be coming down; and everything else you need to know in Louisiana politics. Countdown… Days until the regular session ends: 41 The News Budget: House Dems are looking for more from Republicans […]

‘Standstill’ describes a lot in Louisiana budget debate: Opinion

Heading into the fourth week of an eight-and-a-half-week session of the Legislature, not all hope is lost. Just all hope of meaningful and long-term changes to Louisiana’s dysfunctional tax and budget structures. Democratic Gov. John Bel Edwards and Republican lawmakers are pretty much playing for a tie at this point: more chewing gum and bailing wire to […]

Riegel: How Louisiana lost a $10 billion plant

It wasn’t easy for Tommy Kurtz to leave Louisiana. The former Louisiana Economic Development executive grew up in New Orleans—a Jesuit High School Blue Jay—and his roots run deep. When his former colleague and friend, Iain Vasey, offered him a position at the Corpus Christi Regional Economic Development Corp. in mid-2015, he was torn. His […]

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 […]

Oil price, Trinity, Sundry-VOG-FOG-EOG-NOP-Gulfsands- And finally…

A very mixed market at the moment as shown by movements yesterday. Do they ever learn is the watchword as yet again the teenage scribblers on the Strasse completely missed the point. I read one report that suggested that it was difficult to understand why there was a build in product stocks after such a […]

St. John Parish becomes 6th parish to file suit against oil and gas companies for coastal loss

St. John Parish becomes 6th parish to file suit against oil and gas companies for coastal loss

Saying that oil and gas companies need to “clean up the mess” they’ve made, St. John the Baptist Parish has joined with five other parishes in suing oil and gas companies for damage to coastal areas. The lawsuit, filed in state court by St. John District Attorney Bridget Dinvaut, is similar to ones filed in […]

Uganda’s oil reserves bring promise of work and infrastructure

The discovery of large oil reserves in Uganda in 2006 led to widespread expectations that the economy would quickly be transformed. The dream is now set to become a reality. Production licences have been issued for three blocks, a deal has been struck for the route of the pipeline to take the oil to the […]

Shale revolution casts shadow over longer-dated US oil futures

While the US is breaking population records, states such as Illinois and West Virginia have lost people in recent years.  High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our T&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to […]

Iraq says will comply with any OPEC oil production deal extension

Iraq believes it would be acceptable for the OPEC-led production cut deal to be continued in its current form, oil minister Jabbar al-Luaibi said Thursday. The producer group meets on May 25 to decide whether to extend the landmark agreement that came into force in January. Luaibi was tight-lipped on whether OPEC’s second-largest producer would […]

Oil prices dip in Asia after U.S. inventory figures, supplies in focus

Crude prices fell in Asia on Thursday with markets downbeat on the supply outlook as U.S. inventories of gasoline show demand lagging a surge in domestic production and oversupplied global markets. On the New York Mercantile Exchange crude futures for June delivery fell 0.56% to $49.34 a barrel, while on London’s Intercontinental Exchange, Brent last traded at […]