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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 advocate that producers advance their work to reduce carbon emissions,...
As wind farm industry grows, safety risk becomes a concern
Last fall, Gov. John Bel Edwards announced an initiative intended to make Louisiana a leader in harnessing wind power. But it remains to be...
New Chinese lockdowns further threaten global supply chain
Companies are bracing for another round of potentially debilitating supply chain disruptions as China, home to about one-third of global manufacturing, imposes sweeping lockdowns...
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.
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 as overall hiring in the U.S. slowed, according to a...
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.
$1.25B Shintech project moves forward with arrival of pipe modules
Through the project, announced last year, Shintech will create 30 new direct jobs. The company expects the expansion to create up to 2,400 construction jobs, with construction slated to wrap toward the end of 2023.
Shipping companies launch new strategies to ease freight delays
Businesses rattled by high logistics costs and freight bottlenecks over the past several months are extending the workarounds they adopted and taking on new strategies to ease supply chain pain in the new year.
Study: Calcasieu Ship Channel accounts for $39 billion in GDP
A study commissioned by the Lake Charles Harbor and Terminal District recently found that the Calcasieu Ship Channel is responsible for $39 billion, or...
In which direction will oil prices go in 2022?
The U.S. Energy Information Administration expects lower crude oil prices in 2022, compared with the November highs of 2021, and projects an average price...
What Capital Region plant managers are saying about growth in next six months
Capital Region plant managers expect steady or growing investment, production and employment over the next six months, according to a Greater Baton Rouge Industry Alliance survey.
Foreign LNG demand sends buyers flocking to Gulf Coast
Outside interest in American natural gas is surging, with LNG developers along the Gulf Coast landing a record number of contracts this year, boosting the profile of Louisiana’s export terminals.
Spiking lumber prices drive up home construction costs
After spiking earlier in the year and then stabilizing for a few months, lumber prices are going up again.
Louisiana’s construction climate ranks 19th best in US
Louisiana ranks 19th overall on Building America’s annual Merit Shop Scorecard for the construction industry, the organization announced Tuesday.
Climate task force members say draft plan won’t meet Gov. Edwards ‘net zero’ goal
Some members of the Louisiana Climate Initiatives Task Force warned last week that their latest draft recommendations to reduce greenhouse gas emissions would not meet Gov. John Bel Edwards’ goal of “net zero” carbon emissions by 2050, according to NOLA.com.
Plant maintenance will boost Capital Region construction jobs in 2022
Sluggish growth in the industrial sector is preventing the number of Louisiana construction jobs from bouncing back to their pre-pandemic levels, though that might be about to change, says Ken Naquin, CEO of the Louisiana Association of General Contractors.
ExxonMobil’s new CFO looks to further pay down oil giant’s debt
ExxonMobil is looking to further reduce its debt, evaluating sustainability-linked financing instruments and preparing for potential new climate-related disclosure requirements, finance chief Kathryn Mikells says.
Louisiana was nation’s biggest October loser in construction jobs
Construction employment continues to decrease in Louisiana, which has recorded some of the biggest losses since the pandemic began.
Northwest Louisiana scores three projects totaling more than $750M
Louisiana Economic Development this week announced three big-ticket developments that could be coming to the northwest corner of the state: A potential new $550...
