Posts filed under Oil and Gas

Graves Advances Bill to Increase Louisiana’s Energy Revenues, Funding for Coastal Restoration

 Photo source: Twitter

Photo source: Twitter

WASHINGTON, DC – Congressman Garret Graves (R – South Louisiana) advanced legislation out of the House Committee on Natural Resources today that would increase the share of offshore energy revenues for Gulf Coast states.  Graves’ bill would provide a substantial increase in funding for Louisiana’s coastal restoration and flood protection projects. 

“After working on this for 20 years I can tell you:  what happened today is historic,” said Graves. “Moving this bill is a big deal and has enormous implications for South Louisiana.”  

Graves’ H.R. 6771 amends the Gulf of Mexico Energy Security Act 2006 (GOMESA) to bring Gulf offshore energy revenue sharing in line with levels that onshore energy producing states enjoy – an effort long pursued by Louisiana’s congressional delegation. The bill was considered today in conjunction with the Restore Our Parks and Public Lands Act, which proposed using Gulf offshore energy revenues to address the maintenance backlog of the National Park Service and other agencies across the country.

“Louisiana is battling the largest historical, ongoing and prospective loss of coastal wetlands we’ve ever seen, and it’s a national crisis. Diverting Louisiana’s energy revenues away from efforts to improve the resiliency of the people, communities and ecosystems responsible for generating the resources in the first place is a fundamentally flawed approach to addressing the maintenance backlog in national parks,” said Graves. “Our bill ensures that these increased revenues will be committed to projects that restore the coast, protect our coastal communities from hurricanes and other disaster and, ultimately, reduce our nation’s outrageous disaster response costs.”

For nearly a century federal law has discriminated against coastal energy producing states. While states producing energy onshore federal lands get to retain 50 percent of the energy revenues, coastal states have received a small fraction. H.R. 6771 solves this problem. 

Energy production in the Gulf of Mexico accounts for 18% of total U.S. crude oil production and 4% of total U.S. dry production of natural gas. In 2016 alone, this production generated $2.7 billion in royalty revenue for the U.S. Treasury. Of that amount, only 0.407% ($11 million) was given back to those states through revenue sharing programs.

Click the image below to watch a clip from today’s markup. View the markup in its entirety here.

Posted on September 13, 2018 and filed under Garrett Graves, Louisiana, Oil and Gas.

CLIMATE LAWSUITS MAY DRIVE THOUSANDS OF JOBS OUT OF THE US, BUSINESS LEADER SAYS

 Photo source: National Journal

Photo source: National Journal

LABI President and CEO Stephen Waguespack warns that the mounting legal costs and hostility to business will force manufacturers out of select states and could push businesses out of the country altogether.

Lawsuits targeting oil and gas producers over Louisiana’s coastal environment have been “in vogue” in the state since 2013, according to Waguespack. Since then, Louisiana’s manufacturing sector has fallen behind surrounding states.

Read more: CLIMATE LAWSUITS MAY DRIVE THOUSANDS OF JOBS OUT OF THE US, BUSINESS LEADER SAYS

Posted on September 13, 2018 and filed under Louisiana, Oil and Gas.

Xavier University, Mayor LaToya Cantrell & Shell Host NOLA Back 2 School Fest

As per the Grow Louisiana Coalition: 

 Photo source: Xavier University

Photo source: Xavier University

Last weekend, Xavier University of Louisiana, New Orleans Mayor LaToya Cantrell and Shell sponsored the NOLA Back 2 School Fest, which provided thousands of students in grades K-6 from the New Orleans area with essential school supplies and services necessary to learn and achieve academic success in the upcoming school year.

Students received free school supplies, backpacks, haircuts, health screenings, hands-on STEM exploration stations and information from other community resources.

Posted on August 13, 2018 and filed under Louisiana, Oil and Gas, New Orleans.

Shell's Latest GOM Deepwater Project Won't Be Built in the US

 Photo source: PR Newswire

Photo source: PR Newswire

Shell's latest deepwater project, Vito, will be approximately 150 miles southwest of New Orleans.  However, none of the construction of that project was awarded to Louisiana, or any other state, for that matter.  Shell has awarded the construction contract to a fabricator overseas.

Sembcorp Marine Rigs & Floaters Pte. Ltd., a wholly owned subsidiary of Sembcorp Marine Ltd., is headquartered in Singapore.  As opposed to previous construction projects which were, at least, partially constructed by South Louisiana fabricators, this one will not be.

As a result of the decision to have this project done overseas, the Louisiana Legislature, during the recent regular session, issued the following proclamation:

"Senate of the Legislature of Louisiana does hereby memorialize Congress and the Louisiana delegation to the United States Congress to take such actions as necessary to encourage that the design and construction of the Vito development in the Gulf of Mexico occur in Louisiana."

Louisiana businesses should be rightfully upset that Shell has decided to turn their back to them in the construction of this platform.  The state's vital role in the oil and gas industry and the dependence on the state for fueling the nation should not be overlooked.

Posted on July 2, 2018 and filed under Louisiana, Oil and Gas.

It’s Amazing What Happens When the Economy is Unshackled from Democrats

 Photo source: Rigzone

Photo source: Rigzone

Jerry Morales, the mayor of Midland, Texas, and a local restaurateur, is being whipsawed by the latest Permian Basin shale-oil boom.

It’s fueling the region and starving it at the same time. Sales-tax revenue is hitting a record high, allowing the city to get around to fixing busted roads. But the crazy-low 2.1 percent unemployment rate is a bear. As the proprietor of Mulberry Cafe and Gerardo’s Casita, Morales is working hard to retain cooks. As a Republican first elected in 2014, he oversees a government payroll 200 employees short of what it needs to fully function.

“This economy is on fire,” he said from a back table at the cafe the other day, watching as the lunchtime crowd lined up for the Asian Zing Salad and Big Mo’s Toaster hamburger

Read more:  Shale Country Dangles 100% Pay Raises as Labor Market Runs Dry

JBE and His Trial Lawyer Buddies At Work

 Photo source: Twitter

Photo source: Twitter

Don’t blame me. I voted for Vitter. 

Here is the latest in John Bel Edwards’ and his cronies scheme to milk the oil and gas industry for billions.  

But shakedowns aren't usually grounded in compelling evidence, and Louisiana appears to view liberal New York City and San Francisco as models to follow. A network of trial lawyers recently filed 42 lawsuits for six parishes alleging oil and gas companies are responsible for the state's coastal erosion and seeking damages.

Read more:  Louisiana Follows Liberal New York City's Lead In Going After Oil Companies

I Can't Wait Until This "Honorable" Clown is Out of Office

 Photo source: YouTube

Photo source: YouTube

If you work in the oil and gas industry and continue to support both JBE and the Democrat Party, then you need to have your head examined.  I give you the latest from the "Honorable One".  It wasn't enough to go after the oil and gas industry last year regarding coastal erosion.  He's now determined it's time to extort them even more.

The self righteous that couldn't bring themselves to vote for a true conservative in Vitter, congrats.  This crap is all your fault and when he's done in another year or two, this state will be poorer yet.

Honor Code my ass..............................

#IVotedForVitter

Read more: The Governor and Louisiana Lawyers Plot an Energy Shakedown

Congressman Higgins Applauds Expansion of Offshore Drilling

 Photo source:  Rep. Clay Higgins

Photo source: Rep. Clay Higgins

“We are working together with President Trump and his administration to deliver an energy policy that places American families and American industry first. Expanding offshore drilling access in the Gulf of Mexico means more jobs and economic growth for South Louisiana. I am committed to unleashing American energy potential and will continue to fight for Louisiana oil and gas jobs.”

Read more: Congressman Higgins Applauds Expansion of Offshore Drilling

Posted on January 11, 2018 and filed under Clay Higgins, Louisiana, Oil and Gas.

Paper: Filing lawsuits not a solution to coastal erosion

 Photo source: The Advocate

Photo source: The Advocate

Louisiana and other Gulf Coast states need to find constructive ways to mitigate the coastal erosion problems, but a recent decision by the U.S. Supreme Court indicates that filing lawsuits against the oil and gas industry may not be a viable way to solve this problem.

On Oct. 30, the Supreme Court refused to revive a Louisiana flood protection board’s lawsuit seeking to make oil, gas and pipeline companies pay for decades of damage to coastal wetlands.

The suit was filed by the Southwest Louisiana Flood Protection Authority-East. The suit claimed that the industry’s dredging of canals in coastal drilling areas contributed to the loss of wetlands that form a hurricane buffer for New Orleans.

Federal courts, however, blocked the suit. A federal district judge in New Orleans in 2015 ruled that federal and state law provided no avenue by which the board could bring the suit. Then the appeals court in New Orleans agreed with the lower court, which led to the Supreme Court ruling.

Don Briggs, president of the Louisiana Oil and Gas Association, had this response to the ruling: “It’s three strikes and you’re out! The SLFPA-E lawsuit was dismissed in a U.S. District Court, refused by a U.S. Circuit Court of Appeals, and denied by the U.S. Supreme Court. These and similar frivolous lawsuits against oil and gas companies are destroying Louisiana’s competitiveness to attract future investment. We are thankful for the Supreme Court’s ruling and will continue to hold true to our convictions, fighting to ensure that the oil and gas industry remains a cornerstone of Louisiana’s culture.”

The oil and gas industry has been a bedrock part of the Louisiana economy for over a century, and has brought prosperity to many Louisiana families. Oil and gas production is also vital to the whole nation.

But Louisiana and other coastal states also need help with mitigating the coastal erosion problem, and since the U.S. Supreme Court has blocked this avenue of funding, it should be up to the federal government to live up its responsibility to provide the funding needed to restore the coastal parishes.

Source: The American Press

Posted on November 9, 2017 and filed under Louisiana, Oil and Gas.

Port of Iberia Executive Director Speaks Up Regarding Oil and Gas Lawsuit

 Photo source: KATC

Photo source: KATC

Executive Director Craig Romero recently spoke up regarding the   lawsuit brought about by the 15th Judicial District Attorney in Louisiana. Romero had the following to say regarding the lawsuit being brought back to state court:

 “To suggest that we would sue the very people that is the heart and soul of Acadiana’s economy, you can’t sue your customers, it makes absolutely no sense, there’s no logic to it.” said Craig Romero.

Read more: Oil And Gas Lawsuit Moves Back To State Court; Port Of Iberia Director Speaks Out

Posted on September 30, 2017 and filed under Louisiana, Oil and Gas.