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Chevron Products Co. and W.R. Grace & Co. will invest $135 million to expand the existing Grace manufacturing facility outside Lake Charles.
Gov. Bobby Jindal and W.R. Grace & Co. CEO Fred Festa announced the planned expansion Monday (May 18) in a news release.
Monday at the Capitol highlighted a number of facts that often goes overlooked. Did you know that the oil and gas industry employs 300,000 Louisianans? Or how about the fact that the oil and gas industry has a nearly $74 billion dollar impact in the state? After this week, the message is out.
The 2015 Oil and Gas Industry Day was held this week at the Pentagon Barracks and in the halls of the Capitol. More than 350 supporters of the oil and gas industry packed the event to raise awareness and show the depth and scope of the industry. This event was hosted by the Grow Louisiana Coalition, Louisiana Mid-Continent Oil and Gas Association and the Louisiana Oil and Gas Association.
More than 300 supporters of Louisiana’s oil and gas sector gathered on the Capitol grounds Monday for an event aimed at promoting the industry.
The Oil & Gas Industry Day featured appearances by two of the state’s four gubernatorial candidates along with industry leaders. Supporters, workers and leaders from Louisiana’s energy industry wore green “Stand Up for Energy Jobs” shirts at the event held at the Pentagon Barracks courtyard just outside the state Capitol.
Hess Corporation (NYSE: HES) has been ranked the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens for 2015. The list recognizes public companies across the United States that demonstrated strong performance in such areas as environment, climate change, employee relations, human rights, governance, finance, and philanthropy and community support.
Hess has been named to the list each of the last eight years and is the No. 1 oil and gas company for the second consecutive year. Ratings are based on 303 data points of disclosure and performance measures from publicly-available information.
Motiva Enterprises’ plan to run its Norco and Convent refineries as a single operation by linking them via a major pipeline may signal that the company, like a number of other refiners, is positioning itself to handle more of the “super light” crude gushing from U.S. shale formations.