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Tag Archives: Louisiana Oil and Gas Association

Settlement of coastal oil suits? Industry groups say no

NEW ORLEANS (AP) — A business lobbying group and oil industry organizations are publicly denying speculation that energy companies are negotiating with public officials to settle lawsuits over damage to Louisiana’s coast. The statement comes from the Louisiana Association of Business and Industry, the Louisiana Oil and Gas Association and the Louisiana Mid-Continent Oil and Gas Association. It notes that ...

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Court: Flood board can hire outside lawyers for oil suit

NEW ORLEANS (AP) — A south Louisiana flood board has won a legal round in its fight against oil and gas companies over coastal wetland damage. A state appeal court ruled Thursday that the Southeast Louisiana Flood Protection Authority-East legally hired a team of lawyers in 2013 to pursue the case. The Louisiana Oil and Gas Association challenged the flood ...

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Hurricanes long term impact on oil and gas in the Gulf

Almost ten years have passed since the Hurricane Katrina catastrophe. The damage caused cost between $96-$125 billion. Between cleaning up and prevention preparation, much remains to be done to prepare oil and gas development for future hurricanes. According to About News, “Hurricane Katrina affected 19 percent of U.S. oil production. Hurricanes Katrina, and previous Hurricane Rita, destroyed 113 offshore oil ...

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Port Fourchon copes with reduced rents

PORT FOURCHON, La. — Port Fourchon is adjusting to a nearly $2.9 million expected drop in its gross revenue because of a 20 percent discount it is providing on land leases to help struggling oil and gas companies. “Every year, we budget very conservatively. Thus, changes can be made easily to meet reduction in revenue. We have looked at many ...

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Vitter meets with industry leaders, prepping for gubernatorial campaign

Louisiana Sen. David Vitter met with oil and gas industry leaders in Lafayette this morning. And while he says there were no surprises during the meeting, he’s now better equipped to understand the industry’s struggles, according to The Advertiser. The meeting, stretching for roughly an hour and a half, covered everything from litigation against oil and gas companies to the ...

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Low oil prices a mixed bag for Louisiana jobs

Low oil prices have begun to put some Louisianans out of work. Fox 8 News reports that although most businesses tied to the oil and gas industry in the Energy Corridor aren’t affected yet, a slowdown has begun. A few rigs have already shut down operations, leaving a few hundred people laid off. Just last week, Halliburton announced layoffs in ...

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Haynesville Shale: Is it making a comeback?

SHREVEPORT, La. — Texas-based Comstock Resources weeks ago offered a sliver of hope the Haynesville Shale may be getting renewed attention from the industry. The independent energy company announced plans to suspend its oil-directed drilling activity in shale plays in Texas and Mississippi and move two rigs to Northeast Louisiana where it would start up drilling for natural gas in ...

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