LOGA News

Grassroots methanol project revived for Louisiana

Grassroots methanol project revived for Louisiana

South Louisiana Methanol LP (SLM) and new joint-venture partner Saudi Arabian Basic Industries Corp.(SABIC) are planning a $2.2-billion capital investment to build a grassroots methanol complex in St. James Parish, La. Originally announced in 2013 as a project of Texas-based ZEEP Inc. and New Zealand-based Todd Corp. Ltd., SLM—which is now majority-owned by Todd—will pursue the JV methanol […]

Chesapeake Energy Jumps on Strong Production Outlook

Chesapeake Energy Jumps on Strong Production Outlook

Shares of Chesapeake Energy Corp. (CHK – Get Report) jumped close to 3% in premarket trading on Wednesday after the oil and gas company said its fourth-quarter production numbers would come in above analysts’ expectations. The Oklahoma City-based company said in a statement that it sees production for the most recent quarter of 462,000 to 464,000 barrels of oil […]

BP approves expansion of Gulf oil project

BP approves expansion of Gulf oil project

BP has approved a $1.3 billion expansion at one of its oil projects in the Gulf of Mexico and discovered an additional 1.4 billion barrels at two of them. “BP’s Gulf of Mexico business is key to our strategy of growing production of advantaged high-margin oil. We are building on our world-class position, upgrading the […]

Who Runs Louisiana?

Who Runs Louisiana?

It’s 2019: a huge election year for Louisiana, and all the political messaging will be asking – openly or subliminally – “Who runs this state?” It’s a question the politicians have been forcing you to ask yourself for the past three years, as the Republican-controlled legislature (the state House, in particular) and the Republican Attorney […]

Lawsuit: Oilfield contamination is widespread in Spanish Lake basin just outside Baton Rouge

Lawsuit: Oilfield contamination is widespread in Spanish Lake basin just outside Baton Rouge

Wetland ecologist Scott Nesbit drove down a gravel oil field road in an all-terrain utility vehicle, zipping under a heavy forest canopy toward what he says is the source of it all. Nesbit’s target was a shuttered and overgrown former Shell Oil production facility near a T-intersection where the forest has given way to the […]

Lafayette adds 1,200 jobs over 12 months through November

Lafayette adds 1,200 jobs over 12 months through November

Lafayette added 1,200 jobs in November compared to the year before, boosting employment in the area to 202,900. Eight of Louisiana’s nine metro areas added jobs over the year in November, with Houma-Thibodaux posting a loss. Overall, the state has gained 20,700 jobs since November 2017, bringing the total number of nonfarm jobs in Louisiana […]

The state of the oil and gas industry in Acadiana: 2008 vs. 2018

The state of the oil and gas industry in Acadiana: 2008 vs. 2018

It was the year Democrat U.S. Sen. Barack Obama defeated Republican U.S. Sen. John McCain to become the 44th president, the New Orleans Saints were a year away from a 13-3 season that led the team to its first Super Bowl and for the first time in 2008, crude oil sold for more than $100 a […]

Early 2019 will see flurry of LNG activity

Early 2019 will see flurry of LNG activity

The growth of the Gulf Coast’s liquefied natural gas industry is set to accelerate in 2019 as at least three major projects are expected to get the go-ahead from developers. Those projects include a sixth processing unit, called Train 6, at Cheniere Energy’s Sabine Pass complex in Louisiana; Golden Pass LNG, a joint venture of Exxon Mobil, ConocoPhillips […]

Why Oil Prices Rose And Crashed In 2018

Why Oil Prices Rose And Crashed In 2018

Last week the price of West Texas Intermediate (WTI) crude oil, the primary U.S. benchmark, fell to a 17-month low. The price, $45.88/bbl, marks a stunning fall from a price that closed at $76.40/bbl on October 3rd. So, what has caused this roller coaster ride, and where are prices headed as we head into 2019? Let’s first […]

By December 31, 2018 0 Comments Read More →
Storm front causes damage in Louisiana, Mississippi

Storm front causes damage in Louisiana, Mississippi

Cars stack up northbound on Interstate 110, as they encounter high water in the roadway under the railroad bridge near the governor’s mansion, as even fewer vehicles opt to try to navigate the water as they progress southbound after heavy rains, Thursday, Dec. 27, 2018, in Baton Rouge, La. Damaging winds were followed by drenching […]

By December 28, 2018 0 Comments Read More →