The Capital Region’s petrochemical industry likely will continue to benefit from low domestic natural gas prices over the next two years, economist Loren Scott told Greater Baton Rouge Industry Alliance members today.
ExxonMobil is restructuring its business into three divisions and moving its headquarters 250 miles south from Irving, Texas, to its campus north of Houston.
A federal court has rejected a plan to lease millions of acres in the Gulf of Mexico for offshore oil drilling, saying the Biden administration did not take into account the lease sale’s effect on planet-warming greenhouse gas emissions, violating federal law, The Associated Press reports.
On Tuesday, the Louisiana Public Service Commission ruled that rural cooperatives in Louisiana, usually powered by large investor-owned utilities like Entergy and CLECO, can source power from firms in other states.