Author Archive: Jordan Gleason

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Dems, green groups tell Interior to halt oil leasing during shutdown

A day after House Democrats told the Interior Department to stop plans to bring back staff for an offshore lease sale in the Gulf of Mexico in March, on Thursday environmental groups including the Center for Biological Diversity and the Natural Resources Defense Council urged Acting Interior Secretary David Bernhardt to stop all oil and […]

Focus: After billion-barrel bonanza, BP goes global with seismic tech

Buoyed by the success of seismic imaging that found an extra billion barrels of oil in the Gulf of Mexico, BP is looking to take its latest technology to Angola and Brazil. The software used in the Gulf, based on an algorithm created by Xukai Shen, a geophysicist straight out of Stanford University, led to […]

House Republican leadership blocks attempt to improve state’s revenue forecast again

The panel that decides how much money the state can spend remains at an impasse over efforts to improve state revenue projections, after House Speaker Taylor Barras blocked the third attempt to boost the forecast on Thursday. “I just feel that there’s a good bit of uncertainty,” Barras, R-New Iberia, said during the Revenue Estimating […]

Former Congressman John Fleming “seriously considering run for governor”.

Another republican candidate could soon be jumping in the race for Louisiana governor to challenge Democrat, John Bel Edwards in October. Chatter among politicos containing the familiar name “John Fleming” has reached a fever pitch – a level of energy typically followed by an announcement of some sort. Fleming is a physician and businessman from […]

American natural gas is improving the air

The U.S. not only leads in energy production, but our nation also leads the world in emission reductions — while helping other countries improve their air. Natural gas, now America’s leading source of electricity generation, is credited with driving U.S. carbon-dioxide emissions to their lowest levels since 1992. The U.S. Global Change Research Program reports […]

House Dem blasts Interior move to bring back workers to handle oil-drilling land sales

House Natural Resources Chairman Raul Grijalva is asking the Interior Department to stop bringing back employees who were furloughed during the government shutdown to work on sales of land for oil and gas drilling purposes in the Gulf of Mexico, calling the move “an outrageous step.” In a letter sent on Wednesday to acting Interior Secretary David Bernhardt, Grijalva, […]

Offshore to beat onshore in shale investments, analysts say

Offshore shale spending will outgrow spending onshore in 2019, analysts at energy research company Rystad Energy predict. With oil hovering around $50 per barrel, spending on land rigs, fracking and other services for the shale industry will likely stay flat in 2019, analysts project, but the offshore market is expected to grow. While the offshore […]

Why Saudi Arabia Can Never Be The King Of Solar

The often-used phrase “becoming all things to all people” may work well in many contexts but in the energy patch, particularly with Saudi Arabia, it’s falling flat. The de facto OPEC leader and world’s largest oil exporter and third largest oil producer has been pledging many things lately, including going long on more gas investment […]

Oil tumbles on increased U.S. output and persisting trade fears

Oil prices fell by 2 percent on Thursday after U.S. crude production neared an unprecedented 12 million barrels per day (bpd) and concern grew over weakening demand, particularly in light of the trade dispute between the United States and China. Brent crude oil futures LCOc1 were down $1.08 at $60.24 a barrel by 1310 GMT, […]

U.S. Import Prices Slump Amid Continued Nosedive In Fuel Prices

Reflecting a continued nosedive in fuel prices, the Labor Department released a report on Wednesday showing another significant decrease in U.S. import prices in the month of December. The Labor Department said import prices fell by 1.0 percent in December after tumbling by a revised 1.9 percent in November. Economists had expected import prices to […]