oil industry

Latest News
8:00 am
Thu November 13, 2014

Hundreds Pack Mandeville Fracking Hearing

Several hundred people packed the gym at Lakeshore High School in Mandeville Wednesday night for a meeting about a hydraulic fracturing well proposed about a mile away.

The Helis Oil and Gas project is designed to use a process known as fracking, and is strongly opposed by some residents. They’re worried about the underground well contaminating the community water supply. And they say it’s an inappropriate use of the land.

Helis wants to tap into shale with a 13,000-foot well on 960 acres near the high school.

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Latest News
7:29 am
Tue November 4, 2014

Hercules Plans Layoffs Of Offshore Workers

Hercules Offshore says it will lay off 324 offshore Gulf of Mexico workers because of a decline in business.

The move represents about 15 percent of its workforce.

The Houston-based drilling rig contractor sent a letter to the Texas Workforce Commission last week, saying the company would lay off the employees by the end of the year.

The layoffs involve employees who work out of Port Fourchon, Grand Isle, Berwick, Cameron, Abbeville, Lafitte, Larose and Venice.

The company announced an $88.6 million third quarter loss on October 23.

Latest News
7:43 am
Thu August 21, 2014

Oil Lease Sale In New Orleans Draws Big Bids For Gulf Of Mexico

No masks, no costumes at the auction of leases for offshore drilling.
Credit Eve Troeh / WWNO

The federal government has sold more than 400,000 acres in the western Gulf of Mexico off the Texas coast for oil and gas exploration and development.

U.S. Bureau of Ocean Energy Management official Michael Celata says yesterday's sales, if approved, will bring in about $110 million.

Celata says deep-water tracts drew the highest bids.

Conoco Phillips paid about $61 million for a single tract in the ultra-deep-water Alaminos Canyon area.

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Latest News
4:55 pm
Tue July 9, 2013

Natural Gas Well Leaking In Gulf

Talos Energy is the owner of the production platform.

The Coast Guard says natural gas is leaking from a well at a production platform in the Gulf of Mexico 74 miles southwest of Port Fourchon, La.

Chief Petty Officer Bobby Nash says the well is not spewing, but a rainbow sheen four miles wide and three-quarters of a mile long was spotted in an aerial survey Tuesday.

The platform owner was identified as Energy Resources Technology Gulf of Mexico LLC. The company could not immediately be reached for comment.

Oil Industry
1:45 pm
Fri September 14, 2012

Production starts at ultra-deep Gulf oil field

Petrobras USA says production has begun at its Chinook oil field in the ultra-deep waters of the Gulf of Mexico.

The company says production started last week in the field using a specialized ship that processes and stores oil and natural gas in place of a production platform. The field is being worked by BW Pioneer, a type of ship known in the oil industry as a floating, production, storage and offloading vessel, or FPSO.

Business & Technology
12:11 pm
Thu September 13, 2012

Forum Energy Technologies to expand

Forum Energy Technologies says it plans to build a new 150,000-square-foot facility in St. Martin Parish to produce onshore and offshore drilling equipment for global customers.

Forum Energy CEO Cris Gaut says the $19 million project will replace an existing facility in nearby Broussard. The project will retain 203 existing jobs and create 125 new direct jobs with average annual salaries of more than $45,000, plus benefits. State economic development officials estimate the project will also create an additional 300 new indirect jobs.

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Nicholls State University
4:03 pm
Tue September 11, 2012

Anti-blowout technology in lab at Nicholls

A new laboratory at Nicholls State University in Thibodaux will give students hands-on experience with the kind of equipment used to prevent blowouts and other catastrophes on oil rigs.

Nicholls officials and industry executives last week unveiled the lab, which is named after Johnson L. "Bubba" Hale Jr., a Nicholls alumnus and oil industry executive. The Daily Comet reports the Friday ceremony was one of the last formal steps before students in petroleum services and safety technology courses start using the equipment.

Hurricane Isaac
6:00 am
Fri September 7, 2012

Environmental Groups Call For Change After Isaac Pollution Reports From Energy Industry

Damage to oil refineries and other facilies is tracked alongside Hurricane Isaac's path.
Louisiana Bucket Brigade

Three environmental groups say more than 90 reports of pollution triggered by Hurricane Isaac is evidence the energy industry needs greater oversight. They say depending on industry to monitor itself isn’t working.

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