Energy

Oil markets face volatile year with demand on the rise

Louisiana’s oil and gas sector should continue to benefit from strong oil prices this year, though the days of $100 a barrel for oil and $4 per gallon gasoline seem unlikely to return, an LSU expert says. 

Army Corps of Engineers allocates $643M to Louisiana flood projects 

The Army Corps of Engineers is allocating more than $643 million from the Infrastructure Investment and Jobs Act for 21 coastal, waterway and flood projects in Louisiana, according to a news release from U.S. Sen. Bill Cassidy.

ExxonMobil pledges net-zero carbon emissions by 2050

ExxonMobil this morning pledged to cut its net carbon emissions from its global operations by 2050, catching up with rivals who are minimizing their carbon footprints.

API will push for continued federal oil, natural gas leasing

The American Petroleum Institute plans to push for continued access to federal leasing and...

As wind farm industry grows, safety risk becomes a concern

Last fall, Gov. John Bel Edwards announced an initiative intended to make Louisiana a...

Lightsource bp gets financing for massive Pointe Coupee Parish solar farm 

Lightsource bp today announced it has closed on a $533 million multiproject financing package for its 345-megawatt Ventress Solar project 30 miles northwest of Baton Rouge in Pointe Coupee Parish. 
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Louisiana adds nearly 3,800 oil field jobs in December 

The U.S. oil field services and equipment sector added 7,450 jobs in December, even...

Why energy prices rose more than other commodities in 2021 

Energy prices rose an average of 59% last year, the most of any commodity, as the economic recovery from the global pandemic boosted demand for crude and petroleum products. 

In which direction will oil prices go in 2022? 

The U.S. Energy Information Administration expects lower crude oil prices in 2022, compared with...

Stories to remember from 2021: Hurricane Ida

Hurricane Ida came ashore as a Category 4 storm on August 29, 16 years to the day after Katrina's landfall. While it did not deliver a direct hit to Baton Rouge, parts of the Capital Region were without power for more than a week.