Business News

Biden wants to penalize oil companies not producing on public land leasesĀ 

President Joe Biden today ordered the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months, a bid to control energy prices that have spiked after the U.S. and allies imposed steep sanctions on Russia over its invasion of Ukraine.

PSC hires consultant to evaluate utilities’ operations

The Louisiana Public Service Commission voted Wednesday to hire an outside engineering consultant to...

SBA expanding Community Advantage loan program for small businessesĀ 

The Small Business Administration's relatively new Community Advantage loan program is getting an upgrade...

Brown and Root’s federal and state lawsuits still pending against CSRS

Brown and Root Industrial Services, a Bernhard Capital company, continues to pursue two lawsuits against CSRS subsidiary Fides Consulting, alleging theft of trade secrets.Ā 

Proposed Grƶn Fuels facility finds powering partner

Babcock and Wilcox, an Ohio-based energy and service provider, will partner with Kiewit Industrial to provide power to the Grƶn Fuels facility planned for the Port of Greater Baton Rouge, Babcock and Wilcox announced today.

As much as $80B in PPP money was stolen, prosecutors sayĀ Ā 

The prevalence of COVID-19 relief fraud has been known for some time, but experts...
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Another active hurricane season predicted for 2022Ā 

The 2021 hurricane season was the third most active on record and AccuWeather's hurricane...

Louisiana Legislature overrides Gov. Edwards’ veto of congressional mapĀ 

The Louisiana Legislature voted today to override Gov. John Bel Edwards’ veto of a...

I-10 widening will cost at least $1.8B, federal government says

The state’s plan to widen Interstate 10 from La. 415 to Essen Lane will cost between $1.8 billion and $2.1 billion, according to the Federal Highway Administration.Ā 

Amazon named top company for innovation

Amazon was named the top company for innovation in the latest Management 250 list,...