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Lake Pontchartrain oil rig explosion: Officials continue search for missing worker, brace to clean up possible spill

Lake Pontchartrain oil rig explosion: Officials continue search for missing worker, brace to clean up possible spill

Officials were prepared to search through the night Sunday for one person reported missing following an oil platform explosion in Lake Pontchartrain northwest of Kenner that sent seven others to the hospital. Five of the wounded were taken to New Orleans’ University Medical Center in critical condition for treatment of blast and burn injuries, with […]

In Louisiana treasurer’s race, these 2 candidates headed to runoff

In Louisiana treasurer’s race, these 2 candidates headed to runoff

Democrat Derrick Edwards and Republican John Schroder made the runoff Saturday in the race for state treasurer. Republican Angele Davis, of Baton Rouge, placed third, with 99 percent of the precincts reporting. Edwards, a New Orleans attorney, was expected to secure a spot in the runoff as the sole Democrat in the race despite raising […]

Business outlook: Lafayette economy hasn’t hit bottom yet

Business outlook: Lafayette economy hasn’t hit bottom yet

Economist Loren Scott talks about the Louisiana economy. Ken Stickney Acadiana’s prosperity remains inextricably linked to oil and gas, a leading Louisiana economist says. That’s the old news. Here’s what new: The Lafayette area is nearing bottom of a multiyear economic slump, the result of a lingering energy prices tailspin, but may see some rebound […]

Lafayette area projected to take one more oil slump hit before job growth in 2019

Lafayette area projected to take one more oil slump hit before job growth in 2019

The oil slump-stricken Lafayette area could begin to add jobs in 2019, about 1,600 of them, but likely will first experience another slight down year of 800 jobs in 2018, an economic forecast shows. The good news for Lafayette is that the rate of job losses, which ripped away 10.6 percent of employment over the […]

Houma oilfield company Danos acquires construction assets in Texas

Houma oilfield company Danos acquires construction assets in Texas

Houma-based oilfield service company Danos has acquired construction assets from Renegade Backhoe Services in Levelland, Texas, to help grow Danos’ operations and services in the Permian oil field region. Danos is taking over RBS’ fleet of backhoes, heavy-haul trailers, dump trucks and associated construction services equipment and also getting several skilled craftsmen. The acquisition bolsters […]

Louisiana’s Sinking Parishes Sue Fossil Fuel Companies Over Climate Damage

Louisiana’s Sinking Parishes Sue Fossil Fuel Companies Over Climate Damage

After an anxious weekend, Louisiana residents let out a collective sigh of relief when Hurricane Nate took a turn to the east, sparing them from a direct hit. But they also know that relief is temporary. Especially in Louisiana’s coastal communities, vulnerability to the impacts of climate change is a fact of life and increasingly, communities […]

Why Hurricane Nate won’t affect gas prices

Why Hurricane Nate won’t affect gas prices

“Nate, a fast-moving storm, did little to disrupt the flow of fuel to market while having a larger impact on oil rigs,” one analyst says. Gulf of Mexico oil and gas production is coming back online after Hurricane Nate, but the disruption is unlikely to cause a spike in pump prices, analysts say. “Gas prices […]

Louisianans Fight Oil Pipeline Through Cancer Alley

Louisianans Fight Oil Pipeline Through Cancer Alley

Opponents of the pipeline, now that it has received the go-ahead from the Louisiana Department of Natural Resources, are urging the state to require the company building it to conduct an environmental impact statement for the land it traverses. “It’s the safest and most economical way to transport crude,” said Gifford Briggs, vice president of […]

Tropical Storm Nate: What to expect for Louisiana wind, rain totals as potential hurricane nears Gulf

Tropical Storm Nate: What to expect for Louisiana wind, rain totals as potential hurricane nears Gulf

As the fast-moving Tropical Storm Nate continued to approach the Gulf of Mexico on Friday, the New Orleans area remained poised for a direct hit from the system. The storm is expected to strengthen into a Category 1 hurricane before making landfall along the Louisiana coast as early as Saturday night. The speed of the […]

Oil and gas ‘new normal’ demands innovation

Oil and gas ‘new normal’ demands innovation

Ben Broussard, director of marketing and membership development for the Louisiana Oil & Gas Association, said that organization’s membership, which includes independent service providers, should be encouraged by what Payne said. “The Chevron business model is changing, but at the end of the day, they are looking for solutions,” Broussard said. “Ingenuity and innovation is […]