industry

The Salt
7:58 am
Sat August 11, 2012

Summer Lobster Surplus Leads To Cross-Border Price War Between Trappers

Blockades set up by lobster trappers in Canada have disrupted Maine's lobster business.
Robert F Bukaty AP

Originally published on Mon October 22, 2012 10:38 am

You might imagine a war between lobster trappers to be something like this battle of the lobsters. OK, not really. Still, the price war heating up between the fishing folk in Maine and Canada this summer is bringing everybody down.

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Oil Refinery
1:02 pm
Wed August 8, 2012

Allen Parish agrees to property lease for refinery

OBERLIN — The Allen Parish Police Jury has agreed to lease more of the former Arizona Chemical property in Oakdale to a Texas-based company for a $100 million refinery.

The company, Virtual Engineering Operations, plans to a build refinery to process 20,000 barrels a day of crude to produce diesel fuel for farmers, jet fuel and heating oil.

The American Press reports the company hopes to increase its production to 40,000 barrels a day in the future with construction of a pipeline.

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Assumption Parish Sinkhole
12:39 pm
Wed August 8, 2012

Assumption residents demand answers about sinkhole

Residents near a large sinkhole that opened up in Assumption Parish are demanding answers and a plan of action from their state and local officials.

Officials told them Tuesday night at a community meeting in Pierre Part that they are doing their best to find an explanation for the 372-foot wide sinkhole that swallowed up bald cypress trees and evacuated dozens of people from their homes Friday.

Film Tax Credits
10:55 am
Wed August 8, 2012

Budget group: Film tax break program needs limits

A new report is suggesting state lawmakers should lessen Louisiana's generous film tax credits and cap the amount of money it can cost the state each year in lost revenue.

Louisiana spent $231 million last year to attract movie productions, through a tax break program that continues to grow larger annually and that has cost the state more than a billion dollars over a decade.

The left-leaning Louisiana Budget Project says the state hasn't gotten much in return besides the prestige of hosting big-name Hollywood actors.

Environment
11:04 am
Tue August 7, 2012

Officials say diesel found in liquefied swampland

State officials say preliminary slurry water samples pulled from the acre of swampland that liquefied into muck over the weekend indicate the presence of small amounts of diesel hydrocarbons.

The pond of muck, located in Assumption Parish, first appeared Friday night and grew quickly, bending a 36-inch natural gas pipeline buried 16 feet in the ground as the muck expanded. About 150 homes and several businesses were ordered to evacuate after Gov. Bobby Jindal declared a state of emergency for the parish when the slurry area appeared to be expanding.

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Marsh Liquefies
11:32 am
Mon August 6, 2012

Highway 70 reopens near acre of liquefied swampland

NAPOLEONVILLE — Ascension Parish officials have reopened a four-mile section of highway near an acre of swampland that liquefied into soupy muck, toppling tall bald cypress trees and bending a 400-foot-long section of a natural gas pipeline toward the liquid acre.

Shrimp Season
12:12 pm
Fri August 3, 2012

State wildlife officials set fall shrimp season

The Louisiana Wildlife and Fisheries Commission says the fall inshore shrimp season will open at 6 a.m. Monday, Aug. 13.

The opening covers the state's inside waters from the Atchafalaya River and Atchafalaya River Ship Channel west to the Louisiana/Texas state line. The state inside waters from the Atchafalaya River east to the Mississippi/Louisiana state line will open 12 hours later, at 6 p.m.

The commission set the season Thursday.

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USS Somerset
1:50 pm
Thu July 26, 2012

Christening set for Navy ship named for 9/11 site

The Navy plans a Saturday christening for the USS Somerset, the last of three ships named for sites of the 9/11 terrorist attacks.

The amphibious landing transport is named for the Pennsylvania county where the hijacked United Airlines Flight 93 crashed after passengers fought back against a terrorist takeover.

The 684-foot-long Somerset is the final ship to be built at the Huntington Ingalls Shipyard in suburban Avondale. The yard is scheduled to close in 2013; its workforce has been cut nearly in half since 2010.

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Refinery Fire
12:58 pm
Sun July 22, 2012

Fire at Valero refinery in Meraux extinguished

Authorities say a three-alarm fire that broke out early Sunday morning at the Valero refinery here did not cause any injuries or force any evacuations.

The Times-Picayune reports that the fire broke out in a crude unit of the former Murphy Oil refinery at about 1:45 a.m. and was extinguished by 7 a.m.

Valero spokesman Bill Day says there were no injuries and that the fire did not cause any environmental concerns. Nearby roads were closed briefly.

Day says a damage assessment was being done and that the cause of the fire is under investigation.

Business & Technology
6:04 pm
Thu July 19, 2012

Tidewater sees growth in Africa market

Executives of offshore oil and gas fleet provider Tidewater Inc. told shareholders Thursday that prospects are bright the company's African market.

The Times-Picayune reports more than 90 percent of New Orleans-based Tidewater's fleet of oil and gas service vessels operates abroad. The largest concentration is in waters off sub-Saharan Africa, where Tidewater stations 132 vessels, about half its fleet.

Chief Operating Officer Jeff Gorski told shareholders attending the company's annual meeting that Africa is expected to continue to be a leading market.

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