Biden increases oil royalty rate, scales back lease sales
The Interior Department said it’s moving forward with the first onshore sales of public oil and natural gas drilling leases under President Joe Biden, but will...
Vito, Shell’s new offshore platform, will make money at almost any oil price
Nicknamed Vito, Shell's new multibillion-dollar offshore oil platform is set to launch off the coast of Louisiana in June. Its costs have been cut...
Senate passes bill to position Louisiana for $200 million in orphaned oil well grants
The Louisiana Senate approved a bill April 4 that would position Louisiana to receive nearly $200 million in federal grants to fix orphaned oil...
Venture Global to buy gas from NextEra for Louisiana Plaquemines LNG
Venture Global LNG has agreed to buy natural gas for its Plaquemines LNG export plant in Louisiana, expected to start up in 2024, from...
Industry officials: Jobs, economy and tax revenue at risk from oil lease delays
Oil industry officials are raising concerns that a delay in the federal government's Gulf of Mexico leasing program could cost Louisiana thousands of jobs...
New Fortress Energy seeks permits for offshore LNG terminal
New Fortress Energy Inc. announced last week that it has filed applications with the U.S. Maritime Administration, the U.S. Coast Guard and U.S. Department...
Federal regulators pull back on plan to assess climate impact of gas pipelines
Amid pushback from industry and lawmakers in both parties, federal energy regulators on March 24 scaled back plans to consider how natural gas projects...
Lake Charles patent could shake up oil industry
Polaris EPC in Lake Charles has been awarded a patent that might significantly reduce the local dependence on oil imports, reports KPLC News.
The technology...
Louisiana oil companies face challenges trying to ramp up production
There's new pressure to increase U.S. oil production, but it's not that simple, reports Fox Business.
"It's not just turning a switch like they think,"...
Tellurian begins construction at Driftwood LNG site
Tellurian Inc. announced March 28 that it has issued a limited notice to proceed to Bechtel Energy Inc. under an Engineering, Procurement and Construction...
