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Energy-producing states have been able to bounce back faster and more successfully from the 2009 recession than states that import a majority of their energy, according to new research from a group aligned with Republicans.
Chevron and BP have made an oil discovery in one of the deepest regions the industry has taken on in the Gulf of Mexico, the companies said Thursday.
The oil majors said the discovery well, in the Keathley Canyon Block 10 located about 180 miles from the Louisiana coast, “encountered significant oil pay,” but they did not say how much oil they estimated is in the ancient Paleogene sandstone formation.
An artificial reef is being built at the site of the storied fishing hole known as the Pickets.
The Pickets was a series of oil wells and platforms installed in 10 feet of water off Terrebonne Parish's coast. It was decommissioned and disassembled per federal regulations after being sold by Houston-based Apache Corp. oil company.
Today, the CITGO Lake Charles Refinery celebrated 70 years of operations in the great state of Louisiana. The refinery, which first went online in 1944, is the largest CITGO refinery and produces more than 3.2 billion gallons of gasoline, diesel, jet fuel and other finished petroleum products every year.
Hundreds of employees – current and retired – as well as local officials, community leaders and organizations joined CITGO to participate in the 70th Anniversary celebration.
The federal government will offer nearly 44 million acres off the coasts of Louisiana, Mississippi and Alabama for oil and gas exploration, the seventh sale in the Gulf of Mexico under its five-year leasing program.
The lease sale, which will be held in March 2015 in the Mercedes-Benz Superdome, will include more than 7,000 lease blocks covering 43.5 million acres in the central Gulf of Mexico.