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...
Louisiana among states warning banks against targeting energy companies
Louisiana Treasurer John Schroder cosigned a letter with 15 other state treasurers and chief financial officers warning large banks to back off an “ongoing...
Baton Rouge’s Setpoint Integrated Solutions moves into Houston market
Baton Rouge-based valve and industrial equipment repair company Setpoint Integrated Solutions announced last week that it has acquired Houston-based Valsource International.
Through the acquisition, Setpoint, which...
Honeywell expanding Baton Rouge facility
Honeywell is planning to expand its Baton Rouge facility to double the production capacity of Solstice ze, a supermarket refrigerant that it says uses...
Orion Engineered Carbons to convert Franklin reactor to make ‘hard carbon black’
Orion Engineered Carbons, a global supplier of specialty and high-performance carbon black, announced last week that it plans to convert a reactor line at...
Cassidy talks infrastructure at Bayou Industrial Group luncheon
U.S. Senator Bill Cassidy (R-LA) pledged his support for the Bayou Region’s recovery from Hurricane Ida while addressing the Bayou Industrial Group in Thibodaux...
Belle Chasse oil refinery closing after being damaged by Hurricane Ida
An oil refinery in Belle Chasse that was flooded during Hurricane Ida is being shut down and turned into a storage terminal, reports the...
State board opts for leniency for noncompliant ITEP companies
The Louisiana Board of Commerce and Industry opted last week not to punish companies that have failed to live up to their Industrial Tax...
Downstream Conference Panel: Infrastructure, not pandemic, has been biggest obstacle to digitalization at plant...
Digitalization and AI technologies are more important than ever in the industrial space, but panelists at Reuters Events’ recent 2021 Downstream USA Conference in...
ExxonMobil projects could be in jeopardy as it debates investment strategy
ExxonMobil’s remade board of directors is debating whether to continue with several major oil and gas projects as the company reconsiders its investment strategy...
