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Kennedy wants to eliminate GOMESA cap on revenues

Louisiana Sen. John Kennedy has introduced the Offshore Cap Parity Act to eliminate the limit on the amount of revenue Gulf states can receive...

Governor vetoes penalties for protesters

The governor of Louisiana has vetoed a bill that would have upped the penalties imposed on environmental protesters who trespass on energy company property. The...

Cameron LNG cargo diverts from China to Taiwan

A tanker that loaded at Sempra’s Cameron LNG terminal in Louisiana in March and appeared to be headed to China has changed its course...

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...

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