Orphaned wells are on the rise, but money to plug them is lacking
A recent report from the Louisiana Legislative Auditor reveals the state’s challenges in managing orphaned oil and gas wells in the state, The Center Square reports.
The...
ExxonMobil, Chevron profits are on the decline
ExxonMobil and Chevron posted lower third-quarter profits Friday as energy prices sank and fuel-making margins narrowed.
The companies signaled confidence that their cost-cutting and reduced...
JPMorgan Chase is considering two LNG projects in Louisiana
JPMorgan Chase is in talks to resume trading physical liquefied natural gas (LNG) after more than a decade, Bloomberg News reports.
The bank has had talks...
Louisiana service companies and oil ‘majors’ renew their focus on offshore oil despite...
A complex set of variables is driving a resurgence in the Gulf of Mexico. Despite a federal push away from fossil fuels, the Gulf’s...
Landry asks Biden to recognize natural gas as clean energy
Gov. Jeff Landry has issued an executive order declaring natural gas to be clean energy and requesting that the Biden administration lift all rules...
Why oil and gas services providers are pulling back on spending
Leaders of companies that supply the oil and gas industry are sounding less bullish than they were earlier this year, The Wall Street Journal reports.
Oil field...
Woodside completes acquisition of Tellurian, renames Calcasieu site
Woodside has completed the acquisition of Tellurian Inc. and its U.S. Gulf Coast Driftwood LNG development opportunity, reports LNG Industry. Woodside has acquired all...
ExxonMobil acquires 271,000 acres for offshore carbon capture
ExxonMobil said last week that it had acquired state leases for over 271,000 acres in Texas state waters for an offshore carbon dioxide (CO2)...
Why Baton Rouge’s Gulf Valve Services is suing Baker Hughes
A longtime Baton Rouge industrial supplier is suing Baker Hughes Energy Services over an unexplained decision it says could leave it with more than...
Shell is counting on higher LNG production
Oil and gas giant Shell expects a rise in liquefied natural gas production and resilient gas trading in the third quarter, potentially offsetting continued...
