Home / Tag Archives: louisiana oil and gas

Tag Archives: louisiana oil and gas

Nearly 4 years later, Assumption sinkhole more stable

BAYOU CORNE, La. (AP) — A massive sinkhole that went viral in 2013 swallowing trees in Assumption Parish and forcing more than 300 residents from their homes has quieted down as officials slowly allow residents to come home. The sinkhole, located in Bayou Corne about 30 miles northwest of Thibodaux, is still growing. Assumption Parish Government officials say it has ...

Read More »

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 ...

Read More »

Louisiana and Mississippi driller Goodrich files bankruptcy

goodrich files bankruptcy

JACKSON, Miss. (AP) — One of the oil companies most active in drilling wells in the Tuscaloosa Marine Shale formation in Mississippi and Louisiana has sought bankruptcy protection. Houston-based Goodrich Petroleum filed for Chapter 11 bankruptcy Friday after securities owners rejected swapping their holdings for common stock to lower debt payments. The company cites $99 million in assets against $507 ...

Read More »

Drillers: Oil well rules dire for business; others disagree

Onboard the Maersk Developer, operating the Hadrian-5 well for ExxonMobil about 200 miles offshore in the KC-919 field in the Gulf of Mexico, on July 6, 2011. (Image: Maersk Drilling via Flickr - CC2.0)

NEW ORLEANS (AP) — An industry-funded study warns of dire consequences if pending rules to prevent another catastrophic oil spill in the Gulf of Mexico go into effect, but critics questioned that claim. The dire economic analysis was done by Wood Mackenzie, a business research firm, and commissioned by the Gulf Economic Survival Team, a Louisiana-based industry group. The study ...

Read More »

Louisiana energy headlines for Jan. 25

Bonnet Carre Spillway to close Feb. 2 Gates on the Bonnet Carre  spillway could be completely closed by Feb. 2, reports the Advocate. The U.S. Army Corps of Engineers opened the spillway Jan. 10, only the 11th time it’s been in operation since completion in 1927 after a flood devastated the area. The spillway is used to divert water from ...

Read More »

National Oilwell Varco closing Louisiana facility

National Oilwell Varco headquarters in Greater Sharpstown, Houston. (Image: WhisperToMe via Wikimedia commons)

HOUMA, La. — National Oilwell Varco, a manufacturer and parts supplier to the oil and gas industry, is shutting down its facility in Houma, Louisiana, and that will put 80 employees out of work. The Louisiana Workforce Commission tells The Advocate the layoffs at the facility started Monday, and will continue in phases until NOV shuts down sometime between March ...

Read More »

Oil City clerk arrested on theft charge

SHREVEPORT, La. — A town clerk for Oil City has been arrested for allegedly stealing over $24,000. Caddo Parish Sheriff Steve Prator, in a news release, said 44-year-old Melissa Doise, of Oil City, was booked with felony theft for embezzling cash and manipulating accounting records in an effort to conceal the alleged crime. Authorities say Doise is accused of altering ...

Read More »