Economic Development

Offshore orphaned well proposal has small drilling companies crying foul

A proposed regulation that attempts to prevent orphaned oil and gas wells in the Gulf of Mexico has prompted complaints from small drilling companies that say the rule unfairly hamstrings their ability to compete with major corporations.

Construction of LNG Center for Excellence to begin in October 

Construction of the 24,000-square-foot LNG Center for Excellence at McNeese State University is scheduled...

No end in sight for legal battle between Bernhard Capital, CSRS companies

The ongoing legal fight between Brown and Root Industrial Services―a Bernhard Capital company―and CSRS subsidiary Fides Consulting now has a date in federal court. 

Louisiana’s riverboat casinos want to lower their target job numbers 

The head of Louisiana’s gambling regulatory body expects the state’s riverboat casino operators to request adjustments in the employee numbers included in their state licenses. Some of the hiring goals date back to when venues were originally approved three decades ago and were not adjusted for riverboats that have relocated.

Summer spending at bars and restaurants surges as Americans shrug off inflation 

Americans didn’t let persistent inflation and lingering worries about a recession cut into summer spending on dining out and drinking.

Florida Boulevard shopping center sells for $1.1M

The Live Oak Shopping Center on Florida Boulevard, near the Baton Rouge General Mid...
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LSU professor touts commercial potential of faculty’s AI research

LSU faculty are doing “amazing” work in artificial intelligence that has significant commercial potential, a university business professor says. 

Last year’s US growth wasn’t as strong as it appeared

Last year’s booming job market wasn’t quite as robust as previously thought, USA Today reports. 

See who will manage the ExxonMobil Baton Rouge Refinery

Effective Sept. 1, Regina Davis, will oversee the refinery at the ExxonMobil Product Solutions Complex on Scenic Highway. Davis replaces David Oldreive, who has held the position since 2021.

Is the Fed’s benchmark rate high enough to slow growth and tame inflation? 

A year ago, Chair Jerome Powell delivered a stark warning: To fight persistently high...