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Shell walking away from Lake Charles LNG project 

Shell is not going forward with its investment in the Lake Charles LNG project due to “current market conditions,” the company announced today.  Shell had...

A decade after Deepwater Horizon spill, researchers assess what was learned

Researchers at The Water Institute of the Gulf have published five new journal articles looking back at the Deepwater Horizon Spill. The articles are...

Louisiana chemical plants forecast production declines amid reduced staffing, supply chain disruptions

As Louisiana’s chemical plants embrace recommended safety measures to prevent the spread of COVID-19 among their workers, many are also grappling with reduced staff,...

Economists hopeful oil prices will stabilize by summer

The price of oil rose today, with Brent crude hovering around $30 per barrel, after markets hit record lows last week. State economists are...
ITEP ExxonMobil

ExxonMobil cuts Baton Rouge refinery production, contract workforce

ExxonMobil cut production on Saturday at its 502,500-barrel-per-day Baton Rouge refinery as poor demand has pushed up inventories and filled storage tanks, Reuters reports.  The...

LWC issues emergency rule for injured workers

The Louisiana Workforce Commission has issued an emergency rule geared toward ensuring injured workers receive the medical attention their injury warrants under the Louisiana...

White House seeks $3 billion to boost strategic petroleum reserves 

The Trump administration said Thursday it is seeking $3 billion from Congress to boost the country’s strategic petroleum reserves, potentially propping up U.S. oil...

Industry reacts to historic drop in oil prices 

Crude oil is trading below $21 per barrel this week, marking a historic low in the past two decades.  As travel restrictions heighten and Saudi...

US oil prices plunge to lowest level since 2002 

U.S. crude prices plunged to their lowest levels in 18 years, as governments tightened travel restrictions across the world and the continuing Saudi-Russian price...

Local industry feeling trickle-down effects from coronavirus spread 

Industry is slowing down as efforts continue to slow the spread of the novel coronavirus. As of this morning, Louisiana has 33 presumptive positive...

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