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Hope comes in all shapes and sizes. Throughout the Obama administration, the oil and gas industry and supporting communities beat the drum for expanded offshore production, knowing America has a real shot at energy independence if given the chance to make use of our own bountiful resources. Unfortunately, that administration's Outer Continental Shelf (OCS) oil and gas leasing plans fell short of our hopes, keeping 94 percent of America's OCS waters "off limits" to development.
President Trump gave us new hope this spring, however, in a surprise announcement authorizing the Department of the Interior to reopen and re-evaluate the 2019- 2024 Five-Year Lease Plan, starting with a comment period that ended Aug. 17. The re-evaluation process will likely continue over the next year and a half, but we are hopeful grassroots support for OCS expansion can produce real change in the government's offshore leasing program beginning in 2019.
BATON ROUGE, La. (September 20, 2017) –The Water Institute of the Gulf is embarking on a new study with the Port of Lake Charles to identify sediment sources in the Calcasieu Ship Channel and to find the best way to use channel dredged material to protect critical infrastructure at the port.
The $360,000 contract approved by the port in late August tasks the Institute with better understanding how sediment moves through the Calcasieu Ship Channel and to evaluate alternative locations to find long-term and realistic dredge disposal sites. Primarily due to the increase in liquified natural gas, it’s predicted that ship traffic will double by 2023.
A $100,000 oil company grant will more than double the capabilities of a project that tracks radio-tagged birds throughout south Louisiana’s wetlands.
ConocoPhillips donated the money to the Louisiana Department of Wildlife and Fisheries. The grant will help fill in the gaps of the Coastal Louisiana Array Project.
Every day, a countless number of folks get out of bed and go to work providing the energy America needs to prosper. We do this with little fanfare and most often unnoticed. Focusing on delivering safe and affordable energy to the American people is in the forefront of our concerns. Yet, in times of adversity, the oil and gas industry always steps up to plate and delivers. This is exactly what happened as Hurricane Harvey took dead aim at our coast.
Hurricane Harvey walloped sections of southeast Texas and southwest Louisiana with hurricane winds and historic flooding. Our thoughts and prayers, as always, are extended to the people that were impacted by this storm. As soon as Harvey made its way out of the impacted areas, the oil and gas industry took swift action. The response was prompt and impressive. As I worked with our members during the initial recovery, I found that LMOGA member companies had already donated nearly $34 million dollars to the recovery efforts.
The acceleration in gasoline prices in the aftermath Hurricane Harvey should ease as refineries in Texas restart production, but the process is slow.
About 4 million barrels per day of refining capacity was shut down — more than one-fifth of the nation's supply. Some of that supply is expected to return within a week.
Ten Texas refineries remained shut down Friday and another 10 were running at reduced rates or restarting, according to the Energy Department. It may be weeks before the country's largest refinery, Motiva's Port Arthur facility, restarts.