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Coastal Texas Faces Heavy Damage After Hurricane Ike
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Texas Refineries Gearing Up To Resume Operations

Hurricane Harvey shut down multiple refineries in Texas, idling about 25% of US production. Gasoline prices spiked almost immediately. There's good news on the horizon. AP reports, one of the country's largest refineries is gearing up to resume production...

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Category: News Tags:
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Largest Gulf Oil Lease Sale In More than 30 Years Coming

The largest sale of oil leases in the Gulf of Mexico in nearly 35 years is coming.

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Category: National News Tags:
Courtesy U.S. Coast Guard
Courtesy U.S. Coast Guard
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UPDATE: Family Says Acadiana Man “OK” After Platform Fire In Gulf Of Mexico [PICTURES & VIDEO]

The family of a Eunice man tells us he is "doing ok" after him and three other workers evacuated a production platform that caught fire in the Gulf of Mexico.

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BP To Launch Major Project In The Gulf Of Mexico

BP, PLC has announced plans to go forward with a major project in the gulf. They've reworked a 2013 proposal, trimming the cost of Mad Dog Phase 2 from $20 billion to $9 billion. Analysts see the decision to go forward as an indication of optimism in the future of oil prices.

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Category: State News Tags: ,
Coast Guard Attempts Burning Off Oil Leaking From Sunken Rig
Getty Images
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Local Oil & Gas Exec Says Industry Will rebound

The past couple of years have been tough on the domestic energy industry. A local executive says he's confident better days are ahead.

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Category: Acadiana News, State News Tags:
(Photo by Patrick Kelley/U.S. Coast Guard via Getty Images)
(Photo by Patrick Kelley/U.S. Coast Guard via Getty Images)
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Is $200 A Barrel Oil In Our Future?

OPEC's Secretary-General Abdulla al-Badriwas speaking in London in late January. He says oil prices have bottomed out...

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Oilfield Facebook
Oilfield Facebook
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An Oil Spiel- Sheen of Fear

I'm thankful my husband still has his job in the oilfield, but there are many families in south Louisiana who are suffering because of the drop in oil prices. I know it scares me, and it's a real fear for them.

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Category: Local News, Opinion, Videos Tags: ,
Operations At Prumo Logistica SA's Acu Port Facility
Bloomberg via Getty Images
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National Oilwell Varco Closing Louisiana Facility

HOUMA, La. (AP) - National Oilwell Varco, a manufacturer and parts supplier to the oil and gas industry, is shutting down its facility in Houma, Louisiana, and that will put 80 employees out of work.

The Louisiana Workforce Commission tells The Advocate (http://bit.ly/1S41moN) the layoffs at the facility started Monday, and will continue in phases until NOV shuts down sometime between March 7 and March 21.

State officials say they will provide re-employment services to the affected employees, including information on unemployment benefits, résumé help and job-searching tools. Houston-based NOV said it will provide workers with additional pay and benefits because they were unable to provide sufficient notice of the closure "due to economic reasons."

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Category: AP News, National News Tags: ,
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Frank’s International Announces New Layoffs

More bad news from the oil patch. Frank's International announced they will layoff 100 workers.

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Category: Local News, State News Tags:
Gulf Coast Containment Boom
Gulf Coast Containment Boom, (Photo by Joe Raedle/Getty Images)
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Fire On Coastal Louisiana Oil Platform Extinguished

Crews with containment boom and skimmers remain on the scene while cleanup and repair work is underway.

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Coast Guard Cutter (AP Photo/Denis Poroy)
Coast Guard Cutter (AP Photo/Denis Poroy)
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Coast Guard Says Fire On Gulf Oil Platform, 28 Workers Evacuated

Authorities' latest estimate is that the storage tanks on the rig may hold as much as 5,400 gallons of oil — far below their capacity of 168,000 gallons.

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offshore oil rig (Photo by Chris Graythen/Getty Images)
(Chris Graythen/Getty Images)
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US Oil And Natural Gas Rig Count Drops By 75 To 1,192

The count is down from a year ago, when 1,792 rigs were active.

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