Top News & Analysis Louisiana

  • BATON ROUGE, La.— Louisiana environmental groups are gearing up for round two in a battle against a proposed 163- mile oil pipeline that would stretch across south Louisiana from Lake Charles through the Atchafalaya Basin and east to St. James. The Advocate reports the proposed Bayou Bridge Pipeline project is being jointly pursued by subsidiaries of Phillips...

  • Texas jumped by 17 rigs, Oklahoma increased by seven, North Dakota was up three and Ohio two. New Mexico, Pennsylvania, Utah and West Virginia increased one apiece. Alaska, Arkansas, California, Colorado, Kansas, Louisiana and Wyoming were all unchanged.

  • LNG to Asia at huge profits. SINGAPORE, Jan 20- U.S. liquefied natural gas exporters are sending tankers to Asia to fill a gap in the region's demand as markets have tightened more-than-expected on surging consumption in China and Pakistan, and because of Australia's struggles to ramp up production. Benefiting from the Panama Canal expansion last year that...

  • LNG to Asia at huge profits. SINGAPORE, Jan 20- U.S. liquefied natural gas exporters sending tankers to Asia to fill a gap in the region's demand as markets have tightened more-than-expected on surging consumption in China and Pakistan as well as Australia's continuing struggles to ramp up scheduled production. Benefiting from the Panama Canal expansion last...

  • CAMERON, La.— Federal regulators say a pipeline is leaking natural gas and liquid hydrocarbons in the Gulf of Mexico off Louisiana. The Bureau of Safety and Environmental Enforcement and the U.S. Coast Guard are responding to the leak in waters roughly 30 miles southwest of Cameron, Louisiana. The pipeline is operated by Houston- based Kinetica Partners LLC.

  • MIDLAND, Texas, Jan 17- Exxon Mobil Corp said on Tuesday it will pay up to $6.6 billion to double its holdings in the Permian Basin of west Texas and New Mexico, the largest oil field in the United States. Exxon is exchanging an initial $5.6 billion in stock for leases covering roughly 275,000 acres from the Bass family of Fort Worth, Texas. Most of the wells to be drilled...

  • WASHINGTON— Insurance premiums would soar for millions of Americans and 18 million more would be uninsured in just one year if Republicans scuttle much of President Barack Obama's health care overhaul without a replacement, Congress' budget analysts said Tuesday. Spotlighting potential perils for Republicans, the report immediately became a flashing...

  • With a near party-line 227-198 House vote, Congress gave final approval Friday to a budget that will ease passage of a still-unwritten bill replacing Obama's overhaul with a GOP edition. Friday's roll call sets the stage for what likely will be weeks or months— at least— of GOP efforts to write legislation and push it through Congress. While that will be...

  • WASHINGTON, Jan 13- The U.S. Supreme Court on Friday agreed to consider whether companies can head off costly class action lawsuits by forcing employees to give up their right to pursue work-related legal claims in court as a group. The justices took up appeals of three lower court rulings, including one involving global professional services giant Ernst& Young,...

  • WASHINGTON— The Supreme Court said Friday it will decide whether employers can require workers to sign arbitration agreements that prevent them from pursuing group claims in court. One case involves a form that retail gas station owner Murphy Oil USA required its workers to sign, agreeing that any employment disputes would be resolved individually through...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 522 rigs sought oil and 136 explored for natural gas this week. Colorado, North Dakota, Ohio and Pennsylvania fell by one each. Alaska, Arkansas, California, Kansas, New Mexico, Utah and West Virginia were all unchanged.

  • MOSCOW, Jan 13- Russia's Gazprom has acknowledged for the first time a threat to its dominant position in European gas market from an expected influx of liquefied natural gas produced in the United States under Donald Trump's administration. Gazprom, which supplies a third of Europe's needs, had previously dismissed possible rivalry from the LNG exports from...

  • NEW ORLEANS— New Orleans is a city strong on traditions, and few inspire as much passion as the king cakes of Mardi Gras season. Do you nibble before the Jan. 6 start to the season, or is that sacrilegious? Despite frigid weather and rain, the line began forming a half-hour before the 6:30 a.m. opening on Jan. 6.

  • The secretary of the U.S. Department of Agriculture will not approve or reject the merger but will face the issue of industry consolidation. How Trump responds on those issues- and who he picks to lead the USDA- could determine whether he is able to maintain the strong rural support he demonstrated in the Nov. 8 election. Trump has also met with Elsa Murano,...

  • WASHINGTON— The Republican-led Senate is poised to take a step forward on dismantling President Barack Obama's health care law despite anxiety among GOP lawmakers over the lack of an alternative. Senate approval— expected late Wednesday or early Thursday— and then House passage as early as Friday would trigger committee action to write repeal legislation...

  • HOUSTON, Jan 9- The U.S. Department of Energy on Monday issued a Notice of Sale for crude from its Strategic Petroleum Reserve, with bids for 8 million barrels of light, sweet oil due by Jan. 17. There are about 695 million barrels of oil in the reserves, which are kept in heavily guarded salt caverns along the Texas and Louisiana coasts. The Energy Department will sell up...

  • Jan 9- Entergy Corp's over 40- year old Indian Point nuclear power plant will be shut by 2021 because of concerns for the safety of millions of New Yorkers in and around the Big Apple, Governor Andrew Cuomo announced on Monday. New York has been developing contingency plans for years to replace the power supplied by Indian Point, which is located in Buchanan, along...

  • Jan 9- Entergy Corp's Indian Point nuclear power plant in New York state will shut down by April 2021, Governor Andrew Cuomo announced on Monday, due primarily to its proximity to the heavily populated New York City area. New York has been developing contingency plans for years to replace the power supplied by Indian Point, which is located in Buchanan, along the...

  • HOUSTON, Jan 9- The U.S. Department of Energy on Monday issued a Notice of Sale for crude from its Strategic Petroleum Reserves, with bids for 8 million barrels of light, sweet oil due by Jan. 17. There are approximately 695 million barrels of oil in the reserves, which are kept in heavily guarded salt caverns along the Texas and Louisiana coasts. The DOE will sell up to 3...

  • WASHINGTON, Jan 9- The U.S. Supreme Court on Monday declined to hear Dow Chemical Co's bid to revive its claim to more than $1 billion in tax deductions based on partnerships the company entered into that lower courts said were created primarily to avoid tax liability and had no legitimate business purpose.