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A project to restore more than 60 acres of marsh in Golden Meadow is expected to start this spring.
The project, broken into two phases, will help restore the area between Catfish Lake and the south Lafourche levee system.
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.
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.
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.