Economist says oil demand has already peaked; prospects better for natural gas, ethylene
There’s no more suspense over when worldwide oil demand will peak, says nationally renowned economist Elliott Eisenberg. That’s because it already happened in 2019.
Speaking...
Formosa blames pandemic for major construction delay in St. James
FG LA LLC, a member of the Formosa Plastics Group, announced last week that it will delay major construction activities at its Sunshine petrochemicals...
Industrial capital investment puts Louisiana among states with best economic development
Major capital investment in industrial projects are responsible for Louisiana's recognition this year as one of the nation’s best economic development performances.
Area Development magazine...
Baton Rouge’s H&E Equipment relocates Texas facility
Baton Rouge-based H&E Equipment Services Inc. has relocated its Georgetown branch to an expanded facility in Temple, Texas.
The branch specializes in earthmoving equipment, aerial...
Turner Industries closing its Corpus Christi steel pipe fabrication plant
Baton Rouge's Turner Industries Group is closing its steel pipe fabrication plant in Corpus Christi.
The company told the Texas Workforce Commission in April that...
The lull continues in Baton Rouge industrial construction
Billions of dollars’ worth of projects might have been in the pipeline for 2020, but the global oil price crash—coupled with economic uncertainties triggered...
Shell official advocates for a preemptive approach to offshore pipeline protection
Shell Pipeline’s Donnie Garrison touts a proactive approach to protecting the Louisiana’s thousands of miles of offshore pipeline. Taking an early role in re-creating...
$5 billion in pending capital investments could ease the pandemic pain for Louisiana
As the coronavirus continues to hammer global markets, some rather sizable energy projects on the horizon could ease the pain for Louisiana, New Orleans...
T. Baker Smith makes first acquisition
In its first-ever acquisition, Houma's T. Baker Smith has acquired Naismith Marine Services Inc., a hydrographic, geophysical surveying and environmental firm based in Rockport,...
Cameron LNG, other losses appear to push McDermott closer to bankruptcy filing
Losses on a Louisiana LNG construction project and other financial stresses in recent months appear to be pushing energy contractor McDermott International closer to...
