Worldwide oil demand trending higher
The world will burn more oil than ever this year, the International Energy Agency forecasts, as China’s emergence from COVID-19 lockdowns returns global crude...
Natural Gas Export Expansion bill aims to increase LNG exports
Louisiana Sen. John Kennedy last week joined Sen. Ted Cruz, R-Texas, Sen. Shelley Moore Capito, R-West Virginia, and Sen. Kevin Cramer, R-North Dakota, in...
Report: Offshore wind will require major infrastructure, supply chain investments
Achieving the federal government's aggressive offshore wind power goals will require billions of dollars in spending on transmission infrastructure, “unprecedented” cooperation between grid operators...
Bruks Siwertell delivers needed mobile ship unloader to Belle Chasse
Bruks Siwertell recently delivered a new Siwertell road-mobile ship unloader for dust-free cement handling operations for CEMEX in Belle Chasse. The 10,000S, next-generation unit augments...
Oil prices expected to remain steady this year after spiking in 2022
Oil prices generally aren’t expected to change too much this year, but two questions loom over that outlook, The Wall Street Journal reports: Will China have the...
IMTT sells Gretna bulk liquids terminal to BWC Terminals
IMTT announced last week that it has closed on the sale of the company’s bulk liquids storage terminal in Gretna to BWC Terminals LLC....
Louisiana’s oil and gas sector to shrink slightly in 2023
Louisiana’s oil and gas industry is expected to shrink slightly this year due to a combination of economic and geopolitical factors, reports Louisiana Illuminator.
Most...
U.S. on track to becoming a net oil exporter in 2023
The U.S. has become a global crude oil exporting power over the last few years. Despite this, exports have not exceeded its imports since...
Global LNG supply expected to rise in 2023; demand uncertain
Global LNG supply may increase nearly 4 percent next year compared with 2022, says Clark Williams-Derry, analyst at the Institute for Energy Economics and...
Waning consumer demand puts U.S. ports in a different place
In January, 109 container ships waited off the California coast to unload cargo in Los Angeles and Long Beach, and importers were paying $20,000...
