Why oil and gas services providers are pulling back on spending
Leaders of companies that supply the oil and gas industry are sounding less bullish than they were earlier this year, The Wall Street Journal reports.
Oil field...
Shell is counting on higher LNG production
Oil and gas giant Shell expects a rise in liquefied natural gas production and resilient gas trading in the third quarter, potentially offsetting continued...
Offshore wind project hits supply snag
New Jersey hit the pause button last week on an offshore wind energy project that is having a hard time finding someone to manufacture...
Land for new logistics park acquired for $10.9M
Two Louisiana-based firms—JRE Capital and Ratcliff Development, partnered to purchase nearly 200 acres in Geismar for a new logistics park.
The firms purchased the 186 acres of...
This Baton Rouge company is expanding with a robotic assembly line
Baton Rouge-based Fabricated Steel Products will expand its local facility to add a new robotic assembly and welding line, Louisiana Economic Development announced last...
OPEC cuts demand growth forecast after delaying hike in output
The Organization of the Petroleum Exporting Countries slightly cut its forecast for oil-demand growth after delaying its planned output hikes last week in a...
U.S. container imports jump 12.9 percent compared to a year ago
Imports of U.S. container cargo in August jumped 12.9% from a year ago as a summer volume surge delayed cargo at major ports and...
LMOGA President Tommy Faucheux says industry is ‘hurricane-ready’
Louisiana’s oil and gas industry is “hurricane-ready” ahead of Tropical Storm Francine, according to a statement from Louisiana Mid-Continent Oil and Gas Association President Tommy Faucheux.
Offshore...
U.S. manufacturing edges up after eight-month low
A gauge of U.S. manufacturing edged up last month from an eight-month low in July amid some improvement in employment, but the overall trend...
Crude oil inventories rise for first time in weeks
Crude oil inventories rose for the first time in seven weeks, according to data released Wednesday. Commercial crude oil stocks excluding the Strategic Petroleum...
