Biden administration to sell new oil leases while nurturing offshore wind
The U.S. government is moving urgently to nurture new offshore wind and carbon capture and storage (CCS) industries despite some economic hurdles, reports World...
Oil patch slowdown drives double-digit drop in rig count
Driven by declines in the oil patch, the U.S. rig count tumbled 12 units lower to finish at 759 for the week ended Feb....
LSU professor: Orphaned oil wells can boost production while sequestering CO2
LSU petroleum engineering professor Dandina Rao has come up with a plan that would increase oil production as well as reduce greenhouse gas emissions...
BP dials back push into renewable energy
BP Chief Executive Bernard Looney plans to dial back elements of the oil giant’s high-profile push into renewable energy and pursue a narrower green...
Demand for LNG, offshore equipment sparks record orders for Baker Hughes
Houston-based Baker Hughes Co. generated record orders in fourth quarter 2022, driven by multiple awards for LNG and offshore production equipment, reports Natural Gas...
WhiteHawk purchases $105 million in Haynesville Shale assets
Philadelphia-based WhiteHawk Energy has agreed to purchase up to $105 million in natural gas mineral and royalty assets located primarily in northwestern Louisiana, effective...
New federal office to tackle Louisiana’s ‘orphan’ oil well problem
The federal government is establishing an office dedicated to cleaning up abandoned oil and gas sites, a move that Louisiana officials say will likely...
Louisiana takes another swipe at more federal offshore cash
Parish presidents, police jurors, legislators, bureaucrats, U.S. representatives and U.S. senators are re-grouping after their initial failed attempt to get the Reinvesting In Shoreline...
Graves, Cassidy push to keep offshore wind, oil & gas workers local
Congressmen Garret Graves from Louisiana and John Garamendi from California plan to continue fighting to close a loophole that allows offshore wind and oil...
Haynesville Shale fuels U.S. natural gas growth
U.S. production of natural gas has hit record levels, fueled in large part by booming production in the Haynesville basin straddling northwest Louisiana and...
