LaPolitics: Cameron Parish Suing Oil Companies

LaPolitics: Cameron Parish Suing Oil Companies

LaPolitic reports: While most folks along the coast were celebrating Lundi Gras, the Cameron Parish Police Jury quietly filed at least 11 lawsuits on Monday against nearly 200 defendants total. (Several defendants are named in more than one of the lawsuits, meaning there are duplicates in that tally.) The legal action from Cameron Parish alleges violations of the state’s coastal […]

LOGA response to Cameron Parish lawsuits against Louisiana oil and gas industry

LOGA response to Cameron Parish lawsuits against Louisiana oil and gas industry

FOR IMMEDIATE RELEASE February 11, 2016 Contact: Ragan Dickens Director of Communications Louisiana Oil & Gas Assoc. (LOGA) (310) 913-7379 Ragan@loga.la LOGA response to Cameron Parish lawsuits against Louisiana oil and gas industry  FOR IMMEDIATE RELEASE: Baton Rouge, LA- This week, Cameron Parish filed 11 lawsuits with almost 200 oil and gas company defendants named […]

The Times-Picayune: Debt-laden oil companies face reckoning amid price slump, New York Times reports

The Times-Picayune: Debt-laden oil companies face reckoning amid price slump, New York Times reports

The Times-Picayune reports: A growing number of U.S. oil and gas companies face bankruptcy or acquisition as they sink under the weight of low oil prices and mounting debt, an environment that could reshape the industry in a way not seen in decades, the New York Times reports. The report says the pain is especially sharp among […]

Something’s got to give!

Something’s got to give!

By Don Briggs President, Louisiana Oil and Gas Association November 2014 brought about many changes for the oil and gas way of life. For starters, the price for a barrel of crude oil dropped from $115 down to as low as $27. This drop in price has caused chaos to say the least. Over 10,000 […]

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Historic day for the Louisiana Legislature

Historic day for the Louisiana Legislature

By Don Briggs President, Louisiana Oil and Gas Association The 2015 political election season ushered in a much different looking political landscape for 2016. A new governor has been inaugurated along with a new attorney general and many new legislators in both chambers. While many predicted that 2016 would be a unique time for our […]

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2016 brings continued challenges

2016 brings continued challenges

By Don Briggs President, Louisiana Oil and Gas Association 2015 has come and gone with much fan fair. Crude oil prices dropped to historic lows, natural gas prices took a predictable dive and 250,000 plus jobs were lost around the globe in oil and gas. Due to the downturn, many family driven companies have closed […]

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FuelFix: At NAPE, industry still waiting for oil’s rock bottom

FuelFix reports: Houston — Energy executives prowling the convention hall of the North American Prospect Expo in downtown Houston on Thursday said they were surprised crude prices still have not yet reached rock bottom and that there have been no sure signs the market will recover anytime soon. Attendance at the industry gathering fell from about 14,000 […]

Bloomberg: Oil Rebounds From Lowest Close in 12 Years to Pare Weekly Loss

Bloomberg reports: Oil rebounded from the lowest level in more than 12 years, paring its biggest weekly loss in a month as the rout in equities eased and OPEC reiterated its willingness to engage with other producers. Futures rose as much as 5.9 percent in New York after settling at the lowest since May 2003. The Stoxx […]

Bloomberg: Crude Hits Hurdle as U.S. Gasoline Glut Puts Brakes on Refining

Bloomberg reports: Refineries in the middle of the U.S. are curtailing crude processing as profits shrink, leaving behind oil that’s adding to a supply glut and pushing prices to the lowest since 2003. Valero Energy Corp. and PBF Energy Inc. have reduced production at plants in Tennessee, Ohio and Texas. PBF’s Toledo refinery is losing money […]

Noble Energy to Present at Upcoming Energy Conference

This post was originally published on this siteHouston, Feb. 12, 2016 (GLOBE NEWSWIRE) — Noble Energy, Inc. (NYSE: NBL) announced today that David L. Stover, the Company’s Chairman, President & CEO, will present at the Credit Suisse Energy Summit on Tuesday, February 23, 2016 at 8:00 a.m. Mountain Time.  The presentation will be webcast live […]

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Targa Resources Corp. and Targa Resources Partners LP Announce Stockholder and Unitholder Approval of the Merger

This post was originally published on this siteHOUSTON, Feb. 12, 2016 (GLOBE NEWSWIRE) — Targa Resources Corp. (the “Company”) (NYSE:TRGP) announced that the stockholders of the Company approved at a special meeting of stockholders held today the issuance of shares of common stock of the Company (the “share issuance”) in connection with the Company’s proposed […]

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Buckeye Partners, L.P. Reports Record Financial Results for Fourth Quarter and Full Year 2015

This post was originally published on this siteHOUSTON, Feb. 12, 2016 (GLOBE NEWSWIRE) — Buckeye Partners, L.P. (“Buckeye”) (NYSE:BPL) today reported its financial results for the fourth quarter and full year 2015.  Buckeye reported income from continuing operations for the fourth quarter of 2015 of $135.1 million compared to income from continuing operations for the […]

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Other Recent Articles

WBRZ: Kennedy suggests Gov. Edwards scaring people into supporting tax increase

WBRZ reports: ATON ROUGE – State Treasurer John Kennedy likened Governor John Bel Edwards’ address on the budget to scare tactics to sell a tax proposal to fill a growing state budget deficit. “Governor Edwards is planning to implement the largest tax increase in Louisiana history,” Kennedy said. “It will wreck our economy.” Kennedy’s address followed a […]

The Advocate: Stephanie Grace: Gov. John Bel Edwards’ unprecedented speech ‘definitely designed to terrify people’

The Advocate published the following: Here is Advocate columnist Stephanie Grace’s Quick Take on Gov. John Bel Edwards’ televised address about the state budget: 1) Edwards, a Democrat facing a Republican-dominated Legislature, has tried his best to cast the state’s budget shortfall of roughly $3 billion for the rest of this fiscal year and the next […]

Reuters: Venezuela proposes OPEC, non-OPEC producers ‘freeze’ oil supply

Reuters reports: Some OPEC countries are trying to achieve a consensus among the group and key non-members for an oil production “freeze”, sources familiar with the discussions say, in an attempt to tackle the global glut without cutting supply. Top exporter Saudi Arabia might be warming to the idea, though it was too early to say […]