Oil prices expected to remain steady this year after spiking in 2022
Oil prices generally aren’t expected to change too much this year, but two questions loom over that outlook, The Wall Street Journal reports: Will China have the...
IMTT sells Gretna bulk liquids terminal to BWC Terminals
IMTT announced last week that it has closed on the sale of the company’s bulk liquids storage terminal in Gretna to BWC Terminals LLC....
Louisiana’s oil and gas sector to shrink slightly in 2023
Louisiana’s oil and gas industry is expected to shrink slightly this year due to a combination of economic and geopolitical factors, reports Louisiana Illuminator.
Most...
U.S. on track to becoming a net oil exporter in 2023
The U.S. has become a global crude oil exporting power over the last few years. Despite this, exports have not exceeded its imports since...
Global LNG supply expected to rise in 2023; demand uncertain
Global LNG supply may increase nearly 4 percent next year compared with 2022, says Clark Williams-Derry, analyst at the Institute for Energy Economics and...
Waning consumer demand puts U.S. ports in a different place
In January, 109 container ships waited off the California coast to unload cargo in Los Angeles and Long Beach, and importers were paying $20,000...
After just two years, Smart Port initiative now at 70 vessels
Just two years after the launch of the Lower Mississippi River Smart Port & Resilience Center by The Water Institute of the Gulf, some...
Rail grant provides $1.5 million for NOPB transloading park
Last week, the Louisiana Department of Transportation and Development announced the first projects selected to receive $3 million in grant funding under the Class...
Manufacturing activity contraction could signal economic slowdown
An index measuring factory activity shows a contraction for the first time since 2020, according to the Institute for Supply Management’s index of manufacturing...
Regulators OK deepwater oil terminal off Texas coast
The federal Maritime Administration has cleared the way for the licensing of a deepwater Sea Port Oil Terminal, or SPOT, 30 miles south of...
