BC&I defers Marathon Oil request for ITEP abatement
The Louisiana Board of Commerce and Industry last week put off a vote on a controversial request by Marathon Oil for a property tax...
Oil lobby, tax assessors support change to assessment of oil, gas wells
Louisiana’s oil lobby and tax assessors are pushing support for a Nov. 3 constitutional amendment to change how oil and gas wells are taxed.
Amendment...
Feds owe ExxonMobil $20M for wartime environmental damage in Louisiana, Texas
The U.S. government now owes ExxonMobil $20.3 million for cleaning up environmental damage from producing war materials at its Baton Rouge and Baytown, Texas,...
Raid targets Bollinger Shipyards in ‘criminal investigation’
Federal agents with the U.S. Department of Homeland Security led a raid last week on Bollinger Shipyards’ main facility on Highway 308 in Lockport...
Chesapeake bankruptcy includes Louisiana entities
Chesapeake Energy Corporation has voluntarily filed for Chapter 11, a move that includes several of its Louisiana entities.
The company has filed for protection in...
Kennedy wants to eliminate GOMESA cap on revenues
Louisiana Sen. John Kennedy has introduced the Offshore Cap Parity Act to eliminate the limit on the amount of revenue Gulf states can receive...
Governor vetoes penalties for protesters
The governor of Louisiana has vetoed a bill that would have upped the penalties imposed on environmental protesters who trespass on energy company property.
The...
Cameron LNG cargo diverts from China to Taiwan
A tanker that loaded at Sempra’s Cameron LNG terminal in Louisiana in March and appeared to be headed to China has changed its course...
Attorneys: Drop in prices may set off ‘tidal wave of energy-related bankruptcies’
The recent OPEC/COVID-19-related drop in energy prices may soon set off a tidal wave of energy-related bankruptcies—creating buying opportunities for those with capital, a...
Bankruptcy court approves McDermott plan
A federal bankruptcy court has confirmed McDermott International Inc.’s plan of reorganization, Rigzone reports.
The court also approved the sale of Lummus Technology to a...
