Analysis: All talk, little action so far in La. Legislature

Analysis: All talk, little action so far in La. Legislature

Spectators watching the public meetings of the Louisiana Legislature since state lawmakers began their work two weeks ago may be tempted to ask why very little seems to be happening. Few measures have gotten votes so far in the two-month legislative session, and nearly all the financial bills at the core of the session’s budget […]

BRIGGS: A Missed Opportunity As ExxonMobil Chooses Corpus Christi

BRIGGS: A Missed Opportunity As ExxonMobil Chooses Corpus Christi

Earlier this year, ExxonMobil officials said that Ascension and St. James parishes were in the running, along with a couple of other areas in Texas, for a multi-billion dollar petrochemical plant. Our state officials at the Louisiana Department of Economic Development immediately began doing everything in their power to bring this facility to Louisiana, but […]

Tax Foundation: Edwards’ commercial activity tax proposal is a ‘nightmare’

Tax Foundation: Edwards’ commercial activity tax proposal is a ‘nightmare’

Gov. John Bel Edwards’ complicated commercial activity tax proposal was already expected to face a difficult battle at the State Capitol this session. A new analysis from the non-partisan Tax Foundation probably won’t help it win many fans. In a new blog post, economist Nicole Kaeding attempts to untangle the “incredibly complex tax structure laid out under […]

Ports, Louisiana’s secret ingredient

Ports, Louisiana’s secret ingredient

If you talk to anybody about Louisiana, nine times out of ten, the first thing that comes to mind is our food — and it is for good reason. We take great care in preparing local dishes and protecting our secret ingredients or special processes, especially when it comes to gumbo. Whether it is a […]

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 […]

Oil Investors raise bets on higher price and lose in selloff

The shale boom is making it hard to be an oil optimist. While hedge funds raised their bets on rising prices, the market tanked. Money managers boosted wagers on higher West Texas Intermediate crude for a third week as of April 18, US. Commodity Futures Trading Commission data show. The next day, futures tumbled after […]

Crude Oil Prices Recover Ground, Sellers Looking For Fresh Opportunity

Oil prices recovered ground on Monday with market conditions boosted by improved risk appetite, but there were further concerns surrounding the risk of fresh selling pressure on any significant rally. Crude prices came under significant selling pressure in US trading on Friday with WTI initially dipping to below the $50.00 p/b level which triggered a fresh […]

Fuel prices stop rising for now

After surging in recent weeks, gasoline prices are beginning to hold steady as we approach the busy summer driving season. The average cost of a gallon of regular unleaded gasoline actually fell by nearly 1 cent to $2.27 in the Houston area, while rising 1 cent nationwide to $2.42, according to weekly data from GasBuddy. […]

American Power Group Announces Upgrades to the APG S4000 Stationary Conversion System

This post was originally published on this siteVariable Fuel Management Capability Provides Enhanced Flexibility and Improved Diesel Displacement RatesOil And Gas Stationary Conversions Drive Highest Overall Quarterly Revenue in 2.5 Years LYNNFIELD, Mass., April 24, 2017 (GLOBE NEWSWIRE) —  American Power Group Corporation (OTCQB:APGI) today announced recent upgrades to the S4000 Turbocharged Natural Gas® dual […]

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U.S. Geothermal Inc. Launches New Mobile-Device-Friendly Corporate Website and Announces Social Media Presence

This post was originally published on this siteBOISE, Idaho, April 24, 2017 (GLOBE NEWSWIRE) — U.S. Geothermal Inc. (the “Company”) (NYSE MKT:HTM), a leading and profitable renewable energy company focused on the development, production, and sale of electricity from geothermal energy, today launched a new Corporate website that provides investors and other interested parties mobile […]

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Rex Energy Announces First Quarter Production and Estimated Price Realizations and Provides Operational Update

This post was originally published on this site Realized natural gas prices improved 42%, before hedging, as compared to the fourth quarter of 2016 Realized C3+ NGL pricing for first quarter of 2017 was 59% of WTI before hedging Completed drilling four-well Mackrell pad with average lateral length of 7,600 feet STATE COLLEGE, Pa., April […]

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For Schlumberger, U.S. fracking business spurs hiring, prices

The CEO of Schlumberger says it has begun redeploying idled fracking equipment back into U.S. shale plays, hiring workers and gaining traction on oil field service prices. The drilling business in the United States, where oil field spending is expected to increase 50 percent this year, has “clearly” taken the lead in the industry’s recovery […]

Libya central bank says oil revenues down to $4.8 bln last year

Libya’s oil revenues have collapsed 90 percent between 2012 and last year to $4.8 billion, battered by conflict, oil stoppages, political infighting and low crude prices, the central bank governor said on Sunday. Since civil war toppled Muammar Gaddafi in 2011, Libya has slipped steadily into chaos, with rival armed factions and their political leaders […]

Saudi Arabia restores perks to state employees, boosting markets

Saudi Arabia reinstated financial allowances for civil servants and military personnel on Saturday after better-than-expected budget figures, ending unpopular cuts to a key perk triggered by low oil prices and cheering the stock market. The king issued a royal decree restoring “all allowances, financial benefits, and bonuses” following calls for protests in four Saudi cities […]