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Along a remote stretch of Louisiana coastline, roseate spoonbills and snowy egrets share the skyline with more than 120 construction cranes.
Every day, 67 buses parade down a two-lane asphalt highway bordered by thickets of river cane and the Sabine River channel.
Upstream-focused energy company Hess Corp. said it launched development plans for its deepwater Stampede project in the Gulf of Mexico.
Chevron Corporation (NYSE: CVX) announced today that its subsidiary, Union Oil Company of California (Union), has reached a final investment decision to proceed with the development of the Hess Corporation-operated Stampede project in the deepwater U.S. Gulf of Mexico. Stampede is a deepwater subsea development, which will be tied-back to a newly constructed Tension Leg Platform.
The Oct. 7 odd-couple column co-authored by Quin Hillyer and John Barry promoting a multibillion dollar processing tax on the state’s oil and gas industry under the guise of a “Coastal Wetlands Environmental Levy” proves the adage, “Those who cannot remember the past are condemned to repeat it.” Variations on a new tax on the movement of oil and natural gas in Louisiana have been around for decades. However, a processing tax has not been imposed for one important reason: It is a profoundly bad idea.
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.