NEW YORK (AP) — A big rally on Wall Street suddenly vanished Tuesday, undercut in part by another plunge in the price of oil. The S&P 500 dipped 0.2% after erasing a surge of 3.5% earlier in the day. The…
NEW ORLEANS - There were about 100 confirmed cases of the coronavirus in Louisiana on Monday. By Friday morning, there were almost 500 cases and 10 deaths. About 300 of the confirmed cases are located in New Orleans. The numbers…
NEW ORLEANS (AP) — Bidding on federal oil and gas leases in the Gulf of Mexico on Wednesday was the lowest since gulf-wide sales began in August 2017 — and lower than any sale since 1993 for the productive central…
BATON ROUGE - From the Louisiana Press Association: For the first time in nearly two decades, oil is trading below $21 per barrel. While the country is dealing with the coronavirus pandemic, the oil and gas industry is facing the…
NEW ORLEANS (AP) — Low prices and concerns about the new coronavirus should postpone a Gulf of Mexico oil lease sale planned for Wednesday, environmental groups said Tuesday. “As prices collapse, it’s insane to move forward with this bargain basement sell-off of our public…
NEW ORLEANS - The recent stock market plunge combined with travel restrictions and event cancellations are already hurting the economy in New Orleans, which earns $9 billion each year from tourism. Meanwhile, the recent steep drop in the price of…
NEW YORK (AP) — Oil prices are plunging amid concern a dispute among producers could lead a global economy weakened by COVID-19 to be awash in an oversupply of crude. Brent crude, the international standard, lost $11.44, or 25.3%, to…
BATON ROUGE (AP) — In his latest changes to a lucrative Louisiana property tax break for manufacturers, Gov. John Bel Edwards managed to irritate a base of his supporters while also failing to win any rousing enthusiasm from the state's…
BATON ROUGE (AP) — A blaze inside a Louisiana refinery that turned the night sky a shade of orange and sent a large plume of smoke into the air over Baton Rouge has been extinguished, ExxonMobil officials say. The fire…
BILLINGS, Mont. (AP) — Oil production from federally-managed lands and waters topped a record 1 billion barrels last year, U.S. officials told The Associated Press, as shorter permitting times and technological advances helped drive new development. Critics charge that the…
HOUSTON - Oilfield service company McDermott International, based in Houston but an employer of thousands in Louisiana, announced plans to begin a prepackaged Chapter 11 bankruptcy protection process. The company said the plan is supported by more than two-thirds of…
NEW ORLEANS (AP) — A Louisiana appeal court heard arguments Wednesday on a lawsuit challenging state laws that let oil pipeline operators take private land for construction. The 3rd Circuit Court of Appeal in Lake Charles could take weeks or…
NEW YORK (AP) - Stocks fell broadly on Wall Street in early trading Friday and oil prices surged after U.S. forces in Iraq killed a top Iranian general. Financial stocks fell the most as investors bought up U.S. government bonds,…
GARYVILLE, La. (AP) — A Louisiana parish has received $10 million from an oil company that is its largest taxpayer and expects to receive another $10 million next month as the company makes payments on a higher tax bill. Marathon…
BERLIN (AP) — A global shipping industry organization is proposing a research and development program to help cut carbon dioxide emissions, funded by about $5 billion from shipping companies over a decade. The International Chamber of Shipping said Wednesday that…
NEW ORLEANS – This city has always had a thing for boats. Walk down an old French Quarter street and you might step on old granite blocks that once served as ballast on ships coming from Europe. Many of our…
NEW ORLEANS (AP) — The federal agencies that make and enforce offshore oil and gas leases say they’ll encourage new wells in shallow Gulf of Mexico waters by allowing some reduced-royalty or even royalty-free production if owners can prove they…
NEW ORLEANS (AP) — Nearly $10 million in 2010 oil spill money is rebuilding a barrier island bird rookery off Louisiana. Work on Queen Bess Island had to wait for this year's nesting season to end in August and must finish by…
NEW YORK (AP) — Exxon Mobil's profits fell dramatically in the third quarter as the company was hurt by lower prices for crude oil and natural gas. The Texas oil giant reported $3.17 billion in profits in the third quarter…
LONDON (AP) — Energy prices rose Friday after a missile strike on an Iranian tanker revived concerns about instability in the oil-rich region, though analysts say the global market is now more resilient to disruption to supplies. The international benchmark…
LONDON (AP) — Oil company BP says 49-year-old Bernard Looney will take over as CEO as Bob Dudley, who oversaw the aftermath of the 2010 Gulf of Mexico oil spill, retires next year. BP said Friday that Dudley, 64, will…
NEW YORK (AP) — Employee activism and outside pressure have pushed big tech companies like Amazon, Microsoft and Google into promising to slash their carbon emissions. But there's another thing these tech giants aren't cutting: Their growing business ties to…
NEW YORK (AP) — The price of oil fell again Wednesday after the Saudi government said half of the production knocked out by an attack over the weekend had already had been restored. Benchmark U.S. crude fell about $1 to…
DUBAI, United Arab Emirates (AP) — Global energy prices spiked Monday by a percentage unseen since the 1991 Gulf War after a weekend attack on key oil facilities in Saudi Arabia caused the worst disruption to world supplies on record,…
____ WASHINGTON (AP) — The Trump administration on Friday allowed Chevron to continue operating in Venezuela at least until October despite U.S. sanctions aimed at ousting President Nicolás Maduro by choking off revenue from the world's largest crude reserves. The…
BANGKOK (AP) — The price of oil rose on Friday after the U.S. said it had destroyed an Iranian drone near the Persian Gulf, where a lot of the world's oil is shipped through. Stock markets were largely stable as…
NEW ORLEANS (AP) — The federal government will offer 77.8 million acres (31.5 million hectares) in the Gulf of Mexico for oil and gas exploration and development on Aug. 21. An Interior Department statement says the lease sale will include…
WASHINGTON (AP) — Chevron was nearly booted from Venezuela in 2007 during a nationalization drive led by the late socialist President Hugo Chavez. Twelve years later, it faces a similar threat from an unlikely corner: the White House. The Trump…
NEW ORLEANS (AP) — A new federally led study of oil seeping from a platform toppled off Louisiana's coast 14½ years ago found releases lower than other recent estimates, but contradicts the well owner's assertions about the amount and source…
VATICAN CITY (AP) — Some of the world's major oil producers committed Friday to supporting "economically meaningful" carbon pricing regimes after a Vatican climate summit and a personal appeal from Pope Francis to avoid "perpetrating a brutal act of injustice"…
