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OPEC struggles to cut oil production as part of deal to limit global supply

OPEC struggles to cut oil production as part of deal to limit global supply

Energy industry watchers have been skeptical of OPEC’s and other major producers’ promises to curtail production. Shortly after the agreement was announced in October, Louisiana Oil and Gas Association Vice President Gifford Briggs told The Advocate he wouldn’t put too much faith in the Saudis. “What we’ve historically seen with OPEC is there are talks […]

New Orleans city councilman withdraws proposal to sue oil and gas companies

New Orleans city councilman withdraws proposal to sue oil and gas companies

Jason Williams, a New Orleans city councilman, has stepped back from asking the city to sue the oil and gas industry. “This is about people trying to grab money and it is trial lawyers trying to enrich themselves off the oil and gas industry,” Don Briggs, president of the Louisiana Oil and Gas Association, told […]

MORE THAN HALF OF CANDIDATES ON FALL BALLOT GET A FREE PASS

MORE THAN HALF OF CANDIDATES ON FALL BALLOT GET A FREE PASS

Even though qualifying just wrapped up last week and the primary elections will not be held for another three months, 54 percent of the races originally scheduled for the October ballot have already been settled. No, this isn’t an electoral riddle. There are 41 newly elected politicians in Louisiana because no one ran against them, […]

Edwards administration still devising plan to withhold $60M

Edwards administration still devising plan to withhold $60M

Gov. John Bel Edwards’ administration hasn’t yet settled on its plan for withholding $60 million from state agencies as a deficit-avoidance measure. The governor’s chief budget adviser, Commissioner of Administration Jay Dardenne, says the administration will announce next month which agencies will be told to lessen their spending plans. He says he’s collected information from […]

Louisiana producers face up to $50 billion in litigation: state oil, gas group

Louisiana producers face up to $50 billion in litigation: state oil, gas group

Lawsuits alleging the hydrocarbons industry is largely responsible for the erosion of Louisiana’s southern coast could cost participants upwards of $50 billion in damages and irreparably harm the state’s business reputation, an industry association executive said Monday. “If you carry it all the way out and at the end of the day and the industry […]

St. Bernard wetlands suit against oil industry returned to state court

St. Bernard wetlands suit against oil industry returned to state court

A wetlands damage lawsuit filed against oil and gas companies by St. Bernard Parish and state officials can be heard in a state court, a federal judge in New Orleans has ruled. In addition, a federal magistrate judge in Lafayette recommended that a similar wetlands damage suit filed against oil and gas companies by Vermilion Parish […]

New Orleans councilman shelves proposal to sue oil companies for wetlands damage

New Orleans councilman shelves proposal to sue oil companies for wetlands damage

Councilman Jason Williams shelved plans Thursday (July 13) to have the New Orleans City Council ask Mayor Mitch Landrieu to sue oil and gas companies for damaging wetlands that protect the city from storm surge. But Williams indicated he’s not abandoning the proposal. “We do not have to accept full destruction of our coastline as inevitable. We […]

PetroQuest reports production rates from its First Cotton Valley pad, increases quarterly estimates

PetroQuest reports production rates from its First Cotton Valley pad, increases quarterly estimates

Lafayette-based PetroQuest Energy Inc. reported its first multi-well project in the Cotton Valley field produced the equivalent of 38.2 million cubic feet of natural gas during the first 24 hours of production. Close to 72 percent of the three-well pad’s production was natural gas, with the remainder natural gas liquids and oil. As a result […]

Its More Than Just Rig Counts

Its More Than Just Rig Counts

At the start of the recent downturn in global oil prices, experts both inside and out of the industry relied on rig count data to be the grand indicator of how the industry was doing and when we might see signs of recovery from the tough financial times. When the rig count dropped, industry experts […]

Jason Williams urges Mitch Landrieu to file wetland damage suit against oil, gas

Jason Williams urges Mitch Landrieu to file wetland damage suit against oil, gas

City Councilman Jason Williams wants Mayor Mitch Landrieu to sue oil and gas companies for damaging wetlands that protect New Orleans from storm surge. Six Louisiana coastal parishes have filed similar suits, and Williams plans to ask the council on Thursday (July 13) to back his request for a New Orleans suit, too. In his proposed […]