Attorneys: Drop in prices may set off ‘tidal wave of energy-related bankruptcies’
The recent OPEC/COVID-19-related drop in energy prices may soon set off a tidal wave of energy-related bankruptcies—creating buying opportunities for those with capital, a...
Bankruptcy court approves McDermott plan
A federal bankruptcy court has confirmed McDermott International Inc.’s plan of reorganization, Rigzone reports.
The court also approved the sale of Lummus Technology to a...
Lafayette firm pleads guilty in oil spill incident
An oil production company based in Lafayette Parish and its president pleaded guilty
yesterday to violations stemming from an oil spill that occurred in 2016.
In...
Lawsuit targeting Driftwood LNG dismissed
In a statement issued Thursday afternoon, Tellurian announced that Cheniere Energy has permanently dismissed all claims against the company that were set to go...
Were plans for Louisiana’s Driftwood LNG stolen?
Update—Thursday, January 30: Tellurian Inc. announced today that Cheniere Energy has permanently dismissed all claims against Tellurian, Chairman Charif Souki and Vice Chairman Martin...
Marathon begins paying higher tax bill
St. John the Baptist Parish has received $10 million from an oil company that is its largest taxpayer and expects to receive another $10...
Cameron LNG losses at center of SEC investigation
McDermott International Inc. is being investigated by the Securities Exchange Commission over disclosures about projected losses at Cameron LNG, the Wall Street Journal reports.
McDermott...
EPA’s proposed ethylene oxide rules may impact South Louisiana chemical plants
Louisiana chemical manufacturers would be forced to trim their annual emissions of ethylene oxide under an Environmental Protection Agency proposal.
The proposed new rules targeting...
Federal decision on eminent domain could impact pipeline development in Louisiana
A recent federal appellate court decision in New Jersey could have implications for pipeline development in Louisiana, according to a Baton Rouge pipeline defense...
Performance Contractors seeks $30M+ from Equistar
Baton Rouge's Performance Contractors is suing Equistar Chemicals, saying the company owes it more than $30 million for its work as a general contractor...
