LOGA News

OPEC backs 6-month oil production cut of 1.2 million barrels per day

OPEC backs 6-month oil production cut of 1.2 million barrels per day

Oil prices spiked sharply higher Friday as major oil producers, including the OPEC cartel, agreed to cut global oil production by 1.2 million barrels a day to reduce oversupply. Following two days of meetings, the Organization of the Petroleum Exporting Countries that includes the likes of Saudi Arabia and Iraq said they would cut 800,000 […]

By December 11, 2018 0 Comments Read More →
Political Horizons: Oil prices could play big role in estimating Louisiana’s revenue; here’s why

Political Horizons: Oil prices could play big role in estimating Louisiana’s revenue; here’s why

Louisiana Senate President John Alario recalls a time when lawmakers huddled on the House floor to resolve budget debates by deciding the price of oil. Their purpose was to skirt political intransigence by simply adding 50-cents or so to the average annual price per barrel to give the formula that determined how much state government […]

By December 10, 2018 0 Comments Read More →
Survey: Louisiana 10th-most attractive location worldwide for petroleum development; Texas is first

Survey: Louisiana 10th-most attractive location worldwide for petroleum development; Texas is first

Louisiana is the 10th-best place in the world to invest petroleum exploration and development, according to a recent survey by the Fraser Institute, a Canadian think tank. The state ranked 20th in the same survey last year and 18th the year before. Offshore U.S. Gulf of Mexico ranked eighth in this year’s survey. Texas ranked first, followed […]

Louisiana governor election: Here’s who’s in, who’s out of 2019 race

Louisiana governor election: Here’s who’s in, who’s out of 2019 race

With less than a year left before the next Louisiana governor’s election, a number of candidates have announced their candidacy while far more have declared they won’t run. The 2019 election will be Oct. 12, with a Nov. 16 runoff if no candidate gets more than 50 percent of the vote in the primary. The […]

Press Release: Louisiana Named No. 5 Judicial Hellhole in the Country

Press Release: Louisiana Named No. 5 Judicial Hellhole in the Country

Today, the American Tort Reform Foundation released its annual Judicial Hellholes report and named Louisiana as the No. 5 Judicial Hellhole in the country. Louisiana earned its way into the Top 5 through the state’s hiring of contingency-fee lawyers to target energy companies and the legislature’s failure to address lawsuit abuse. Louisiana Governor John Bel […]

Group ranks Louisiana as a ‘Judicial Hellhole’

Group ranks Louisiana as a ‘Judicial Hellhole’

A group that advocates for more protection for those being sued in civil court ranks Louisiana as the fifth deepest “Judicial Hellhole” in America, blaming Gov. John Bel Edwards as a “former trial lawyer” even though it ranked Louisiana worse under his Republican predecessor. Edwards, a Democrat running for re-election in 2019, dismissed the annual […]

Coastal suits threaten a key job creator in state, Louisiana Association of Business and Industry says

Coastal suits threaten a key job creator in state, Louisiana Association of Business and Industry says

After a series of coastal lawsuits was filed against the gas and oil industry in Louisiana, an attempt in October by the Plaquemines Parish Council fell one vote shy of the tally needed to withdraw from the lawsuits, and the battle may be far from over. The coastal lawsuits allege that the oil and gas […]

George H.W. Bush, Navy Veteran, Oilman and Former U.S. President, Dies at 94

George H.W. Bush, Navy Veteran, Oilman and Former U.S. President, Dies at 94

George H.W. Bush, the U.S. president who fashioned a restrained response to the Soviet Union’s collapse and assembled the multinational coalition that liberated Kuwait from an Iraqi invasion, hoping that would be a model for “a new world order,” has died. He was 94. Bush died shortly after 10 p.m. Friday at his home in […]

LNG company donation supports new apprenticeship at Lake Charles tech college

LNG company donation supports new apprenticeship at Lake Charles tech college

A Houston-based liquefied natural gas company is making a $250,000 donation to a technical community college in southwest Louisiana, and launching a new apprenticeship program with the school. Cheniere Energy and SOWELA Technical Community College announced the plans Thursday in Lake Charles. In a news release, they said the apprenticeship program will give 22 SOWELA […]

By November 30, 2018 0 Comments Read More →
Bayou Bridge pipeline lawyers question property owners’ ties to land as trial winds down

Bayou Bridge pipeline lawyers question property owners’ ties to land as trial winds down

A pipeline company is seeking to undermine a trio of property owners who have accused the oilmen of trespassing on their land; under cross-examination, the landowners have admitted they’d never actually been to the property until Sunday, that they don’t maintain it, and they’ve never paid taxes on it. After three exhausting days in state […]

By November 30, 2018 0 Comments Read More →