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Oil prices soar as conflict stokes supply concerns
Oil prices surged this morning as concerns over supply disruptions after Russia's invasion of Ukraine and related sanctions outweighed talks of a coordinated global...
ExxonMobil faces hard choice after rivals abandon Russia operations
ExxonMobil Corp. is facing a tough choice over whether to leave Russia as rival supermajor oil explorers quit the country’s vast oil and natural...
ExxonMobil shuts down part of refinery for planned work
ExxonMobil Corp. shut a gasoline-producing fluidic catalytic cracker on Friday for planned work at its 502,500-barrel-per-day Baton Rouge refinery, Reuters reports.
The firm also plans...
Chennault’s $4M air cargo facility nears completion
Chennault International Airport in Lake Charles is nearing completion of a $4 million facility to service the air cargo sector, Air Cargo News reports.
Construction...
US ports to get $450M aimed at speeding flow of goods
Clogged U.S. ports are being given access to nearly $450 million in federal money from President Joe Biden's infrastructure law as part of the administration's recent stepped-up efforts aiming to ease supply chain congestion and lower prices for American consumers.
Louisiana’s chemical industry could benefit from Ukraine crisis
Energy shocks related to the Ukraine crisis could have an upside for Louisiana's petrochemical industry, though businesses and other consumers may pay more for gasoline and electricity, says David Dismukes, who directs the LSU Center for Energy Studies.
Venture Global secures natural gas deal for Plaquemines LNG export plant
Venture Global LNG has agreed to buy natural gas for its Plaquemines LNG export plant from a unit of Spanish energy company Repsol, Reuters...
State board considers tax break for $313.7M project in Iberville
The Louisiana Board of Commerce and Industry on Wednesday will take up an estimated $8.8 million in payroll tax benefits and sales tax rebates for SNF Holding Company’s expansion of its polymer production plant near Plaquemine.
Frackers hold back production as oil nears $100 a barrel
America’s largest frackers are reporting huge profits but plan to keep oil production in low gear this year, adhering to an agreement with Wall...
With U.S. now energy independent, higher oil prices affect economy differently
For decades, politicians have talked about the U.S. achieving energy independence, a seemingly elusive goal of producing enough fuels to avoid relying on the rest of the world to fill up gas tanks and keep electricity flowing.
ExxonMobil’s $500M polyolefins plant addition on track for startup this year
ExxonMobil’s $500 million addition to its Scenic Highway polyolefins plant is about 75% complete, with startup expected before the end of the year, officials say.
Energy firms offering 500 million tons of carbon capture capacity to Louisiana industry
EnLink Midstream and Talos Energy are jointly offering carbon capture, transportation and sequestration for industrial-scale emitters in Louisiana, the companies announced Tuesday.
California firm plans $750M biomass facility in Geismar
Origin Materials, a “carbon-negative materials company,” plans to invest at least $750 million to develop a biomass manufacturing facility in Ascension Parish, state and company officials announced this morning.
Pipeline safeguards broke down in December oil spill
A corroded pipeline that ruptured and spilled 350,000 gallons of diesel fuel into a New Orleans-area wetland did not have a fully functioning leak...
Australian firm plans $176M electric vehicle battery project in Louisiana
Syrah Resources plans to invest $176 million to expand its Syrah Technologies graphite processing facility in Vidalia, state and company officials announced today.
Haynesville Shale seeing more activity as oil nears $100 a barrel
As U.S. oil rises toward $100 a barrel, producers in some high-cost shale basins are buying properties and adding rigs and frac crews in...
US rig count sees largest single-week rise since 2018
The number of active oil and gas drilling rigs in the U.S. rose by 22 last week—the 16th straight weekly increase and the largest single-week rise since February 2018.
Louisiana federal judge blocks higher climate cost estimate on emissions
A federal judge today blocked the Biden administration’s attempt to put greater emphasis on the potential damage from greenhouse gas emissions when creating rules...
Diversifying its energy sector would put Louisiana in position to lead, Pierson says
While the oil and gas industry isn’t going away, major automakers’ shift toward electric vehicles shows why Louisiana needs to diversify its energy sector, Louisiana Economic Development Secretary Don Pierson says.
Could Port of South Louisiana prove an alternative to clogged West Coast ports?
Paul Matthews, the new executive director of the Port of South Louisiana, says the recent enactment of the new federal infrastructure bill will undoubtedly...
