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Tag Archives: Louisiana

Florida gets $34M oil spill grant for conservation

gulf oil spill

TALLAHASSEE, Fla. — Florida on Monday received $34.3 million in a second batch of conservation grants from a settlement over the 2010 Gulf of Mexico oil spill. The National Fish and Wildlife Foundation said the money will fund nine projects that were decided upon in consultation with Florida and federal environmental agencies. Gov. Rick Scott applauded the funding and said ...

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Water is the biggest output of U.S. oil and gas wells: Kemp

oil well

LONDON, Nov 18 – The biggest product of the U.S. petroleum industry is not oil, gas or condensate but water — billions and billions of gallons containing dissolved salts, grease and even naturally occurring radioactive materials. In 2007, when the shale revolution was still in its infant stages, the U.S. oil and gas industry was already producing more than 20 ...

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Supporters of oil pipeline scramble for last vote

WASHINGTON — With the clock ticking, supporters of a Senate bill to approve the Keystone XL pipeline are scrambling to find the last vote. With 59 Senators publicly voicing support, the hunt was on for the 60th vote before a critical vote Tuesday to advance the measure. Maine independent Sen. Angus King left the possibility open, telling reporters he was ...

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Could Louisiana’s budget take a hit in oil price slump?

Even though it’s good for drivers across the nation, Louisiana could suffer from the sudden drop in oil prices. The energy industry has always been central to Louisiana’s economy, but Light Louisiana Sweet crude oil has dropped in price along with the industry’s falling values. According to Mark Ballard for The Advocate, Light Louisiana Sweet’s value dropped almost 26 percent ...

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Sabine Pass LNG facility to be a big boost for Louisiana

lng

Cheniere Energy’s natural gas liquefaction project currently underway in Cameron Parish will bring billions of dollars to Louisiana. The Sabine Pass facility, set to begin production in the latter half of 2015, is already 76 percent complete with the first phase of the project’s development, according to Cole Avery for the Times-Picayune. The project carries a $20 billion price tag ...

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225 new jobs reported in La. biofuel industry

The clean energy industry in Louisiana saw growth in the third quarter, and that growth brought additional jobs. The financial period saw the addition of 225 new jobs in the green energy sector, according to a recent Environmental Entrepreneurs (E2) report. All of these jobs came from recent biofuel refinery projects that have been cropping up in the state. The ...

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Chesapeake Energy quarterly profit and output rise

Nov 5 – Chesapeake Energy Corp, the second-largest U.S. producer of natural gas, on Wednesday reported a bigger-than-expected 8 percent increase in third-quarter profit on higher output from lower-cost shale wells in Texas, Louisiana and Ohio. Shares of Chesapeake rose 6.3 percent to $22.64 in morning New York Stock Exchange trading. The results show Chief Executive Officer Doug Lawler’s efforts ...

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Goodrich working 3 wells in Tangipahoa formation

COVINGTON, La. — Houston-based Goodrich Petroleum Corp. says the company is completing two wells in Tangipahoa Parish and has started drilling another there. The Advocate reports the wells are in the Tuscaloosa Marine Shale, an oil-rich formation that crosses Louisiana and extends east into Mississippi. The Tangipahoa wells are the Verberne 5H-1, the Williams 46H-1 and the Kent 41H-1. The ...

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US rig count up 2 to 1,929

HOUSTON — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by two this week to 1,929. The Houston firm said Friday in its weekly report that 1,582 rigs were exploring for oil and 346 for gas. One was listed as miscellaneous. A year ago there were 1,742 ...

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