CITGO Lake Charles conducts ‘Worst Case Drill’
The CITGO Lake Charles Manufacturing Complex completed a "Worst Case Drill" in July in order to prepare and train employees, reports KTBS News.
The plant...
State’s revenue recovery hampered by oil and gas slump, tourism
Despite historic declines at the beginning of 2020 as COVID-19 spread and slowed the economy, tax revenues for most states rebounded by the end...
Gulf Coast refiners ramp up 2021 hurricane prep
U.S. oil and natural gas companies are gearing up for this year's forecast of an above-average Atlantic hurricane season, according to a security and...
Activist investor shakes up ExxonMobil board by winning seats
Activist investor Engine No. 1 won at least two seats on the board of ExxonMobil, delivering a sharp rebuke to the nation’s largest oil...
Council grants tax breaks for $1.3 billion in Shintech projects
The Iberville Parish Council approved a $110 million tax break for plastics producer Shintech Louisiana last week under the state’s Industrial Tax Exemption Program....
Carbon capture, storage could soon be a reality in Louisiana
A renewed national focus on reducing carbon pollution has several Louisiana businesses searching for ways to capture and permanently store the emissions in deep...
Busy hurricane season threatens beleaguered Gulf Coast industry
The U.S. National Oceanic and Atmospheric Administration (NOAA) is predicting a 60 percent chance of an above-normal Atlantic hurricane season this year, although it...
February’s freeze caused largest-ever drop in ethane demand
In February 2021, extremely cold winter weather in the Gulf Coast region resulted in outages at most petrochemical plants in the area, causing the...
SEACOR boat capsized while lowering legs, turning into wind
An offshore oil industry boat operated by SEACOR Marine had begun to lower its legs and was trying to turn to face heavy winds...
ACER plans $2 billion refinery in St. James, bids on Shell plant
American Clean Energy Refining LLC (ACER) announced May 23 that it plans to construct a new $2 billion refinery in St. James Parish, designed...
