Posts filed under Oil and Gas

More Good News for the Oil and Gas Industry in Louisiana

 Photo source: Wikipedia

Photo source: Wikipedia

In this piece from the Advocate, Louisiana has signed a deal with the country of Poland for deliveries of liquefied natural gas (LNG).

The state company PGNiG signed the 24-year deal with American supplier Cheniere during a ceremony in Warsaw attended by U.S. Energy Secretary Rick Perry and Polish President Andrzej Duda.

Read more: Poland signs deal for long-term natural gas deliveries from Louisiana, Texas

Posted on November 9, 2018 and filed under Louisiana, Oil and Gas.

MOST PLAQUEMINES PARISH VOTERS OPPOSE PARISH’S OIL AND GAS LAWSUIT; 99% SAY INDUSTRY IS CRITICAL TO ECONOMY

 Photo source: GrowLACoalition Twitter

Photo source: GrowLACoalition Twitter

Plaquemines Parish residents are speaking loud and clear: they stand with the oil and gas industry and want to see it continue to play a vital role in their community and their future. The oil and gas industry provides more than 1,500 jobs in Plaquemines Parish with a $264 million payroll, paying $20 million annually in parish property taxes.

Read more: MOST PLAQUEMINES PARISH VOTERS OPPOSE PARISH’S OIL AND GAS LAWSUIT; 99% SAY INDUSTRY IS CRITICAL TO ECONOMY

Posted on October 10, 2018 and filed under Louisiana, Oil and Gas.

Administration Easing Offshore Oil and Gas Drilling Rules

 Photo source: Rigzone

Photo source: Rigzone

A 48-page notice from the Bureau of Safety and Environmental Enforcement published Friday in the Federal Register says the agency “has become aware that certain provisions in that rulemaking created potentially unduly burdensome requirements for oil and natural gas production operators … without meaningfully increasing safety of the workers or protection of the environment.”

An offshore drilling industry group said it’s a positive step.

Read more:  Administration easing offshore oil and gas drilling rules

Posted on September 29, 2018 and filed under Donald Trump, Oil and Gas, Republicans.

Is 2020 the Year the Oilfield Turns Around?

One Acadiana hosted "An Expert's Perspective," an event focused on the economic growth of Acadiana. 

Dr. Loren Scott was the keynote speaker of the event. He spent the last three decades focused on economic matters. Dr. Scott is the President of Loren c. Scott & Associates, Inc, a 34-year old economic consulting firm whose clients include such large national firms as BP, Entergy, ExxonMobil, Nucor, Sasol, Chespeake Energy, and a diversity of others.

Read more: Economic consultant predicts 2020 the comeback year for oil and gas industry in Acadiana

Posted on September 26, 2018 and filed under Louisiana, 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