Posts filed under Oil and Gas

Hercules Offshore is the Latest Victim of the Downturn in Oil and Gas

Photo source: Rigzon

Photo source: Rigzon

With the continuing downward spiral in the price of oil, another service industry provider is in the process of filing for Chapter 11 bankruptcy. As noted, the 44% fall in oil prices have substantially impacted the company, which has led to a hit on both the service industry and drilling contractors.

Read more: Hercules Offshore in Deal with Debtors, to File Under Chapter 11

Posted on June 19, 2015 and filed under Oil and Gas, Louisiana.

Louisiana Continues to Lead During Downturn in the Oil / Gas Industry

Photo source: NOLA

Photo source: NOLA

Even though economic times are still not optimal in the oil and gas industry in the United States, Louisiana is still continuing to surge with recent sales of leases in the state. June saw a 2-year high in sales located in the northern section of Louisiana.  

Read more:  Louisiana oil, gas lease sales hit 2-year high in June


 
Posted on June 13, 2015 and filed under Oil and Gas, Louisiana.

RELEASE: Vitter Releases Energy Plan, "Leading With Energy"

For Immediate Release                                                                 Contact: Luke Bolar

June 11, 2015                                                                                              504-779-3771
 

Vitter Releases Energy Plan, “Leading With Energy”
New chapter of Vitter’s plan on energy released today as part of Together, Louisiana Strong
 

METAIRIE, LA. – David Vitter (R-LA) today released his chapter on energy as part of his plan, “Together, Louisiana Strong: Our blueprint for building a brighter future.” Chapter 9 of the Vitter plan is entitled “Leading With Energy.”

 

You can read Vitter’s energy plan here.
 

“Our energy sector represents enormous Louisiana riches—not just in natural resources, but in people, innovation, and know-how,” Vitter said. “Growing up, I saw this first-hand through the eyes of my dad, who was chief of Gulf production for Chevron. I see it today as I fight the Obama administration’s anti-oil and gas policies. As our governor, I will see Louisiana through to an even more vibrant energy future with clear vision and determined leadership.”

 

In Chapter 9 of “Together, Louisiana Strong,” Vitter details how he’ll work to review all state tax policy that impacts energy and will streamline the state’s regulatory process at the Department of Natural Resources. Vitter’s plan explains that he will attack environmental overregulation at the federal level and make litigation reform a real priority to end frivolous lawsuits that cost Louisiana jobs. Read all of Vitter’s proposals here.

 

The chapter also highlights David Vitter’s concrete, proven record in support of our energy industry. The Vitter Record includes a number of bills he authored and passed in the Senate and how he led opposition to President Obama’s drilling moratorium in the gulf until they finally agreed to issue 15 deepwater permits and withdrew the moratorium.

 

See the first nine chapters of Together, Louisiana Strong here.
 

In addition to “Leading With Energy,” Vitter has already released the following eight chapters of the plan.
 

·         Keeping in Touch

·         Stabilizing The Budget Through Spending & Tax Reform

·         Dramatically Improving Education for All Our Children

·         Building World Class Infrastructure to Relieve Traffic Congestion and Grow Jobs

·          Reforming Government, Rooting Out Corruption And Cronyism

·         Improving our Public-Private Hospital Partnerships, Reforming Medicaid

·         Restoring our Coast, Protecting our People

·         Supporting our Farmers and Fishermen

 

Vitter has compiled his plan by meeting with Louisianians of all walks of life and by listening to their ideas for building a brighter future. Vitter has held 382 in person Town Hall Meetings and 210 Telephone Town Halls. As a candidate for Governor, Vitter has held 12 Leadership Forums on the key challenges we face as a state specifically to develop this blueprint, with dozens of informal meetings and conference calls in addition.

 

Vitter will be releasing additional chapters as they’re added in the next several weeks.

 

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Posted on June 11, 2015 and filed under David Vitter, Oil and Gas.

Louisiana is a World Energy Powerhouse

In a recent piece, if Louisiana was counted as a country, we would rank #10 in terms of global energy powerhouses with the production of natural gas.  Additionally, the entire Gulf of Mexico regions would rank 19th in terms of crude production.  There is no reason why we should be beholden to foreign entities and energy producing countries when we are sitting on top of these types of resources that could easily make us energy independent as a nation.

Read more: The States as Energy Powerhouses

Posted on June 2, 2015 and filed under Louisiana, Oil and Gas.

2015 OIL & GAS INDUSTRY DAY AT THE LOUISIANA STATE CAPITAL

Per the Grow Louisiana Coalition website, the upcoming industry day is on May 4th:

Monday, May 4th
Noon
Pentagon Barracks
River Road, Baton Rouge, LA 70801

"For over 100 years, energy companies have created the best jobs in our stand and led the way in environmental stewardship. We must work to keep it that way. Louisiana needs leaders who will step up to protect our jobs and our quality of life."

Posted on April 27, 2015 and filed under Oil and Gas, Louisiana.

ANOTHER INSTALLMENT OF "CORRUPT BUDDY CALDWELL"

Source: Flickr

Source: Flickr

In a revolving door of corruption and mismanagement of taxpayer money, the ethically challenged Louisiana Attorney General, Buddy Caldwell, has stepped into another political dog pile.  Past questions have been raised concerning the ties to Caldwell, political contributions and the use of consultants in the AG's office.  Now, more information has been made available that highlight how much money is being paid to consultants that are working for Caldwell, specifically on the Deepwater Horizon oil spill that occurred over 5 years ago.

A chart on the Louisiana Record website highlights the gross mismanagement of taxpayer money paid to these consultants and the subsequent political contributions to Caldwell.  Deepwater Horizon billings total nearly $26 million dollars and subsequent political contributions to Caldwell from the attorneys involved in the billings total over $186 million dollars.

Photo source: Louisiana Record

Photo source: Louisiana Record

Posted on April 24, 2015 and filed under Louisiana, Oil and Gas.

DEEPWATER HORIZON'S EFFECTS STILL BEING FELT

Photo source: thenextweb.com

Photo source: thenextweb.com

More than 5 years after the Deepwater Horizon disaster and subsequent environmental catastrophe that transpired, many industries associated with the Gulf of Mexico are making a comeback.  However, there is still one Gulf dependent industry that is still reeling from the effects of this incident today.

Read more: Five Years Later One Local Industry Still Feels Effects of Deep Water Horizon Spill

Posted on April 24, 2015 and filed under Oil and Gas, Louisiana.

DEEPWATER HORIZON FRAUD IS CONTINUING

Photo source: CBS News

Photo source: CBS News

A recent piece in the Louisiana Record indicates that an Alabama woman has been sentenced to two years in prison and, under a plea agreement, ordered to pay back $951,400 to the Deepwater Horizon Oil Spill Trust after pleading guilty to defrauding the claims center.  The defendant could have been sentenced to 20 years in prison as a result of this fraud.

The leeches that are dependent on tragedy or fraud are abundant in this case.  BP has indicated that $19,942,626 has been paid out fraudulently as a result of this disaster.

The passing of the five years anniversary that took place last week only highlights that people will go to any length to make money off someone's pain.

Read more: Alabama woman convicted of using other people’s identities to defraud Deepwater Horizon fund of $1 million

Posted on April 23, 2015 and filed under Oil and Gas.

PORTRAITS OF DEEPWATER HORIZON DECEASED; 5 YEARS LATER

Courtesy of NOLA.com

Courtesy of NOLA.com

Today marks the 5th anniversary of one of the biggest natural disaster in US history, the Deepwater Horizon oil spill that was caused by an explosion on the Transocean drilling rig working for BP.  For the family members of those that were killed on that day, it is another reminder of a year that has passed since the loss of their loved ones.  Here is a piece on those that were taken too soon.

Read more: Remembering the victims, 5 years after the Deepwater Horizon Disaster and BP oil spill

Posted on April 20, 2015 and filed under Louisiana, Oil and Gas.