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LOGA Executive Sees Huge Litigation Costs for O&G Companies #OilmanNEWS 2017 September-October Louisiana 

LOGA Executive Sees Huge Litigation Costs for O&G Companies

In the ongoing legal battle between O&G companies and various Louisiana parishes, litigation costs are expected to be devastatingly high for the companies operating in the state. The blame for the continuous erosion of the Louisiana coastline has been put mainly upon the shoulders of the oil and gas companies, which are accused of contributing to the loss of wetlands... Read More
Haynesville, LA Making a Comeback in the Oil Industry #OilmanNEWS 2017 September-October Louisiana Shale 

Haynesville, LA Making a Comeback in the Oil Industry

The oil industry is filled with fierce competitors, all vying to be the leading producer of shale oil. In Louisiana, the town of Haynesville is among those competitors, as it gradually climbs the ranks of shale oil producers in the nation. Being dismissed three years ago by the industry and considered a non-threat, the town of Haynesville has shown this... Read More
CB&I Awarded Storage Tank Contract by Venture Global LNG #OilmanNEWS 2017 September-October Louisiana Midstream 

CB&I Awarded Storage Tank Contract by Venture Global LNG

CB&I has been awarded a contract valued at nearly $200 million by Venture Global LNG, a U.S. based liquefied natural gas (LNG) export company, for the engineering, procurement and construction of two LNG storage tanks for the company’s Calcasieu Pass export facility located in Southwest Louisiana. Venture Global’s Calcasieu Pass is expected to produce 10.0 million tonnes per annum (MTPA) of... Read More
Gulf States May Suffer if Proposed Budget Cut is Approved #OilmanNEWS 2017 July-August Louisiana Texas 

Gulf States May Suffer if Proposed Budget Cut is Approved

Alabama, Louisiana, Mississippi and Texas received $36.5 million in payments between 2009 and 2016 due to an act passed by President Bush which allocated some offshore drilling revenue to Gulf states. However, if Congress approves a recently proposed budget cut from the Interior Department, these states may receive nothing from the companies which operate in the Gulf region. The Gulf... Read More
Venture Global LNG Announces Successful Close to Private Funding Round #OilmanNEWS 2017 July-August Louisiana 

Venture Global LNG Announces Successful Close to Private Funding Round

Washington, D.C.-based LNG producer, Venture Global LNG, announced today it raised $81.4 million in additional capital from high-profile, very large institutional investors. This is the company’s sixth round of equity investment, which brings the latest Reg. D transaction to an aggregate funding total of $361 million. Co-CEOs, Mike Sabel and Bob Pender stated, “This private placement represents the capital markets... Read More
Haynesville Shale Formation Holds Potential for Economic Revival in Louisiana #OilmanNEWS 2017 July-August Louisiana Shale 

Haynesville Shale Formation Holds Potential for Economic Revival in Louisiana

Over the past few years, certain oil and gas shale formations have been sidelined as producers search for cheaper means of production. The appeal of the typical low-cost resource deposit has drawn companies away from viable and established options to relatively younger opportunities, such as those which can be found in the northeast. However, there is a steady trickle of... Read More
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