Oil and Gas

oil post session carouselMore than a week after the regular session adjourned, Louisiana’s oil and gas industry is still capping off what has arguably been its biggest initiative in years.

The U.S. Supreme Court says BP must continue paying claims from a fund established after the 2010 Gulf of Mexico oil spill while the company appeals terms of its settlement with some businesses.

With the stroke of a pen Friday morning Gov. Bobby Jindal signed Senate Bill 469, which retroactively quashes a lawsuit filed by the Southeast Louisiana Flood Protection Authority - East against 97 oil and gas companies over their role in cutting the Louisiana coast to ribbons and failing to restore it to its original state as required by exploration and drilling permits.

aaaaaaaaaaaaaaa

That Senate Bill 469 — which aims to kill the New Orleans levee board’s lawsuit against 97 oil and gas companies for coastal damages — could absolve BP from paying billions worth of damages claims raises an even bigger question: What role did BP play in the passage and drafting of the legislation?

A federal board investigation into the 2010 BP oil spill concludes that a last-ditch safety device on the underwater well had multiple failures, wasn't tested properly and still poses a risk for many rigs drilling today.

feed-image RSS Feed
Loading
Chart
ABiz Stock Watch
o Home Bancorp 22.20 ▼0.14 (-0.63%)
o Frank's International 20.09 ▼0.06 (-0.30%)
o IberiaBank Corp 66.22 ▲0.97 (1.49%)
o LHC Group 25.46 ▼0.28 (-1.09%)
o MidSouth Bancorp 19.49 ▲0.38 (1.99%)
o Petroquest Energy 6.45 ▼0.21 (-3.15%)
o PHI Inc. 40.45 ▼1.07 (-2.58%)
o Superior Energy 35.35 ▼0.49 (-1.37%)
o Stone Energy 34.16 ▼1.03 (-2.93%)
o Facebook Inc. 76.68 ▲1.86 (2.49%)
o Twitter Inc. 51.02 ▲1.27 (2.55%)
o Gannett 34.10 ▲0.34 (1.01%)
NYSE:HBCP

Home Bancorp

Company ID [NYSE:HBCP] Last trade:22.20 Trade time:4:00PM EDT Value change:▼0.14 (-0.63%)
NYSE:FI

Frank's International

Company ID [NYSE:FI] Last trade:20.09 Trade time:4:04PM EDT Value change:▼0.06 (-0.30%)
NYSE:IBKC

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:66.22 Trade time:4:00PM EDT Value change:▲0.97 (1.49%)
NYSE:LHCG

LHC Group

Company ID [NYSE:LHCG] Last trade:25.46 Trade time:4:00PM EDT Value change:▼0.28 (-1.09%)
NYSE:MSL

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:19.49 Trade time:4:01PM EDT Value change:▲0.38 (1.99%)
NYSE:PQ

Petroquest Energy

Company ID [NYSE:PQ] Last trade:6.45 Trade time:4:02PM EDT Value change:▼0.21 (-3.15%)
NYSE:PHII

PHI Inc.

Company ID [NYSE:PHII] Last trade:40.45 Trade time:3:35PM EDT Value change:▼1.07 (-2.58%)
NYSE:SPN

Superior Energy

Company ID [NYSE:SPN] Last trade:35.35 Trade time:4:04PM EDT Value change:▼0.49 (-1.37%)
NYSE:SGY

Stone Energy

Company ID [NYSE:SGY] Last trade:34.16 Trade time:4:04PM EDT Value change:▼1.03 (-2.93%)
NYSE:FB

Facebook Inc.

Company ID [NYSE:FB] Last trade:76.68 Trade time:4:00PM EDT Value change:▲1.86 (2.49%)
NYSE:TWTR

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:51.02 Trade time:4:01PM EDT Value change:▲1.27 (2.55%)
NYSE:GCI

Gannett

Company ID [NYSE:GCI] Last trade:34.10 Trade time:4:05PM EDT Value change:▲0.34 (1.01%)
Advertisement

Read the Flipping Paper!

Click Here for the Entire Print Version of
ABiz
 
Advertisement
Advertisement