Court sends clear message: lawsuits won’t save coast

Court sends clear message: lawsuits won’t save coast

Earlier this month, the United States Court of Appeals for the Fifth Circuit unanimously upheld a district court decision to dismiss the very first coastal lawsuit filed in Louisiana. The precedent-setting ruling leaves little doubt that the ongoing battle over coastal litigation is an ill-conceived distraction — an attempt to enrich trial lawyers, and not […]

Australian firm buys Encana’s Tuscaloosa Marine Shale acreage, but don’t expect a rush of drilling

Australian firm buys Encana’s Tuscaloosa Marine Shale acreage, but don’t expect a rush of drilling

An $80 million Australis Oil & Gas Co. deal for Encana Corp.’s remaining acreage in the Tuscaloosa Marine Shale is an encouraging sign, but oil prices will continue to limit the amount of new drilling, industry experts say. “The idea that there’s a fresh company moving in is very interesting and appealing. They wouldn’t have […]

Exxon Mobil gathers tax incentives in Texas’ battle with La. for plant site

Exxon Mobil gathers tax incentives in Texas’ battle with La. for plant site

The school board in a south Texas community competing with two Louisiana sites has approved an estimated $1.2 billion in tax breaks to entice Exxon Mobil Corp. and its Saudi partner to build a $9.3 billion petrochemical plant within its district along the Texas Gulf Coast. Earlier this year, Exxon Mobil officials said Ascension and […]

It’s Time to Flip the Conversation

It’s Time to Flip the Conversation

With all the talk about optimism in the American oil and gas industry, it is puzzling to some to read a headline stating that a community heavy in oil and gas is experiencing job loss. Unfortunately, this is becoming an all to common trend in Louisiana. While United States is experiencing a significant increase in […]

One Step Forward

One Step Forward

A billowing sigh of relief was heard from oil and gas companies all across Louisiana, and with that sigh came a little boost of confidence. On March 3, the United States 5th District Court of Appeals affirmed a lower court’s dismissal of the Southeast Louisiana Flood Protection Authority’s East lawsuit against nearly 100 oil and […]

Groundhog Day: Louisiana’s Endless Budget Battle

Groundhog Day: Louisiana’s Endless Budget Battle

Well, it’s a new year here in Louisiana, but not much has changed. A new year means another budget deficit, which means yet another legislative rumpus over who and or what will foot the bill. Last year it was approximately a $940 million budget shortfall. This year it is a $304 million mid-year deficit, and […]

By February 23, 2017 0 Comments Read More →

Russia Needs Data on Oil Supply, Markets to Decide on More Cuts

Russia isn’t ready to support a possible extension of oil-supply cuts into the second half of the year, even as more crude producers acknowledge they will probably need to do so to achieve their goals of balancing the market and firming up prices. Five members of the Organization of Petroleum Exporting Countries have signaled their […]

OPEC, Non-OPEC to Look at Extending Oil-output Cut by 6 Months

A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to limit supplies should be extended by six months, it said in a statement on Sunday. An earlier draft of the statement had said the committee “reports high level of conformity and recommends six-month extension.” But […]

Goldman Sachs says OPEC should be wary of extending production cuts

Goldman Sachs on Sunday said an extension of the joint OPEC and non-OPEC oil production cut is not warranted unless supply and demand fundamentals deteriorate. The Organization of the Petroleum Exporting Countries (OPEC) and other major producers should be wary of extending the cuts unless there is a weakening of global oil demand or output […]

American Power Group Corporation Receives Third $100,000+ Vehicular Conversion Order For A Large Midwest-Based Fleet

This post was originally published on this site– Order Is Third In Three Years As The Customer Converts One Third Of Their Fleet To Dual Fuel –– Units To Be Installed Under New Dealer/Installer Agreement With Rush Truck Centers – LYNNFIELD, Mass., March 27, 2017 (GLOBE NEWSWIRE) — American Power Group Corporation (OTCQB:APGI), today announced […]

By March 27, 2017 Read More →

Dalmac Energy Reports Q3’17 Financial Results

This post was originally published on this siteEDMONTON, Alberta, March 24, 2017 (GLOBE NEWSWIRE) — John Babic, President and CEO of Dalmac Energy Inc. (“Dalmac”) (TSX-V:DAL) is pleased to announce the unaudited three and nine month results for the reporting period ended January 31, 2017.  FINANCIAL HIGHLIGHTS     Change     Change  (000’s Cdn […]

By March 24, 2017 Read More →

Western Refining Stockholders Approve Tesoro Acquisition

This post was originally published on this siteEL PASO, Texas, March 24, 2017 (GLOBE NEWSWIRE) — Western Refining, Inc. (NYSE:WNR) today announced that WNR stockholders have approved the proposed acquisition of Western Refining by Tesoro Corporation (NYSE:TSO).  At a special stockholders meeting, WNR stockholders approved the adoption of the previously disclosed agreement and plan of […]

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Other Recent Articles

Our opinion: Job, population losses go hand in hand

People are leaving our region. The numbers aren’t huge, but the fact that we are losing population numbers — rather than growing them — is a concern. The most recent census numbers, which were released last week, show a 0.3 percent drop in the number of residents in the Houma-Thibodaux region from last year to […]

State Sen. JP Morrell on crusade to eliminate wasteful tax exemptions, put others on notice

The 2015 legislative session had just ended with an abrupt change to the tax credit program that promotes filmmaking in Louisiana, a cause dear to Morrell, a Democrat from New Orleans. Many lawmakers had concluded that taxpayers weren’t getting a good return on their investment, and they limited the tax credit in a way that […]

Don’t look now, but OPEC is losing its ability to control the price of oil

Donald Trump hasn’t tweeted about it, so few people have noticed. But one of the more important developments in recent history is occurring in the world of oil. Many experts are saying OPEC is losing control of its ability to dictate oil prices, particularly in North America, as shale-oil production has become price-competitive with conventional […]