- About Us
- Industry Sectors
- Issues & Initiatives
- Legislative & Regulatory Affairs
- News & Events
The federal government will open waters offshore Texas in August for new oil and gas drilling. The sale will be the eighth under President Barack Obama administration's five-year offshore leasing plan.
The Bureau of Ocean Energy Management said Thursday (July 16) it will put 21.9 million acres up for lease at the Mercedes-Benz Superdome in New Orleans on August 19. The leasing area covers water depths ranging from a few dozen feet to more than 10,000 feet.
I hope the Fourth of July was filled with family, friends and fun. It is always nice to take time to slow down and count our blessings of being an American and a Louisianan. Living in this state allows us to witness every day how resilient and hardworking the citizens are and how unique our environment is.
Recently, this was on display when it was announced that BP had reached agreements in principle for $18.7 billion to settle all federal and state claims arising from the Deepwater Horizon incident. This includes Louisiana, Mississippi, Alabama, Florida, Texas and settlements of claims made by more than 400 local government entities. As I said in these pages on the day following the announcement, “The settlement brings clarity and closure on a lot of litigation that has been going on for five years. Now we can move forward. The parties sat down and agreed on this settlement.”
Nicholls State University is preparing physical and personnel expansions to increase enrollment to offset shrinking revenues.
The Petroleum Engineering Technology and Safety Management program began expanding three classrooms last month in the recently vacated Gouaux Hall, which until recently housed the university's John Folse Culinary Institute.
Royal Dutch Shell has given the green light for the development of the Appomattox deepwater oil and gas field in the Gulf of Mexico, set to be the energy giant's largest floating platform in the region.
The Appomattox project, some 80 miles (130 km) off the coast of Louisiana, is expected to reach peak production of around 175,000 barrels of oil equivalent (boe) per day, Shell said in a statement on Wednesday.
ExxonMobil and a partner are selling their Chalmette refinery to PBF Energy Inc. under a $322 million deal announced Thursday.
Chalmette Refining LLC is a joint venture between affiliates of Petróleos de Venezuela S.A., the state oil company of Venezuela, and ExxonMobil. The refinery has a capacity of 189,000 barrels of oil per day and employs about 1,000 people. About 530 are employees, who will be offered jobs with PBF, and the rest are contractors, PBF spokesman Michael Karlovich said.