BATON ROUGE, La. — A report from industry group Consumer Energy Alliance said an abundance of natural gas has led to low prices that have saved Louisiana families and businesses more than $68.8 billion between 2008 and 2018. According to…
LONDON (AP) — Energy producer Royal Dutch Shell warned Tuesday it will slash the value of its assets by $22 billion to account for lower oil and gas prices amid the COVID-19 pandemic. With the virus outbreak hurting the long-term…
NEW ORLEANS - Louisiana Economic Development, the World Trade Center New Orleans and the Port of South Louisiana are among the presenters of a webinar titled "Mexico: Emerging Energy Opportunities for Louisiana" from 9 a.m. to 10 a.m. on June…
GRAY, La. – Family-owned and managed oilfield service provider Danos said it has been awarded a contract with Shell Exploration and Production Company to provide a production workforce across Shell production assets in the Gulf of Mexico, including Appomattox, Auger,…
NEW ORLEANS (AP) — A New Orleans company is challenging a U.S. Coast Guard claim that the company owes millions of dollars in costs and penalties related to a continuing oil leak in the Gulf of Mexico. Taylor Energy’s federal…
LONDON (AP) — BP says it will cut the value of its oil and gas assets by as much as $17.5 billion and review plans for some oil wells as the COVID-19 pandemic reduces demand for oil and gas and…
BILLINGS, Mont. (AP) — The Trump administration has awarded energy companies hundreds of breaks on payments for oil and gas extraction from U.S. lands and the Gulf of Mexico during the coronavirus pandemic, according to a government database and federal…
GRAY, La. – Oilfield service provider Danos announced that Renee Piper has been named vice president of marketing, strategy and community affairs. In her new role, Piper is responsible for leading the company's marketing…
BATON ROUGE – A Louisiana House of Representatives committee on Wednesday revived an effort to take away parishes’ ability to sue oil and gas companies for alleged environmental damage. State officials have intervened in the lawsuits and could move forward…
NEW ORLEANS - The biggest story of the week is that New Orleans businesses began operating under the new rules: 25% capacity, mandatory masks and lots of hand sanitizer. Among those back to work? The Louisiana legislature, which had another…
NEW ORLEANS - From Al Petrie Advisors: As previously announced, due to the impact on traveling and in-person meetings caused by COVID-19, our 2020 Louisiana Energy Conference (“LEC”) will be held 100% online through our website, www.LouisianaEnergyConference.com. It will feature…
BATON ROUGE – Questions about the cost of a bill that would quash local government lawsuits against oil and gas companies led to questions Tuesday about how legislative staff go about estimating how much any bill might cost the state.…
WASHINGTON, D.C. – The National Ocean Industries Association (NOIA) and the Louisiana Mid-Continent Oil & Gas Association (LMOGA) asked Federal and Louisiana government officials for allocation of COVID-19 test kits and equipment for workers in the offshore sector. With approximately…
NEW ORLEANS (AP) — The coronavirus battle and the world oil glut could cost cities, parishes and school boards in Louisiana anywhere from $404 million to $1.1 billion over two fiscal years, the state's Legislative Auditor's Office said Thursday. Business shutdowns and…
BATON ROUGE — The Louisiana Oil and Gas Association said the global COVID-19 pandemic and the drop in oil prices are gravely threatening Louisiana’s energy sector. The second in a series of “point-in-time” surveys shows that nearly a quarter of…
BATON ROUGE, La. (AP) — At least four companies in the oil and gas industry in Louisiana said workers were being laid off due to a decrease in demand because of the coronavirus pandemic. Around 600 workers were already let go or…
NEW YORK (AP) — The world is awash in oil, there's little demand for it and we're running out of places to put it. That in a nutshell explains this week's strange and unprecedented action in the market for crude oil futures…
BATON ROUGE – The Louisiana Mid-Continent Oil and Gas Association (LMOGA) released the following statement today in response to a historic drop in oil commodity prices. “We anticipated the combination of unprecedented events occurring in the world today would continue…
NEW YORK (AP) — Oil futures plunged below zero on Monday, the latest never-before-seen number to come out of the economic coma caused by the coronavirus pandemic. Stocks and Treasury yields also dropped on Wall Street, with the S&P 500…
BATON ROUGE — From the Louisiana Oil & Gas Association: On Monday, West Texas Intermediate futures (WTI) traded below $11 a barrel for the first time since 1986, reaching as low as $10.63 early Monday morning, indicating a drop in…
NEW ORLEANS (AP) — Ten years after a well blew wild under a BP platform in the Gulf of Mexico, killing 11 men and touching off the nation’s worst offshore oil spill, gulf waters sparkle in the sunlight, its fish are safe…
MOSCOW (AP) — Oil-producing countries including those of the OPEC cartel and Russia are trying to strike a global deal to pump less crude in a bid to limit a crash in prices that, while welcome for consumers, has been…
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…
