Chamber Chairman Dave Welch, president and CEO of Stone Energy officially announced the plan Monday, noting that the division, formally known as the oil and gas committee, had been dormant for a time.
While the timing appears to be a direct response the BP oil spill and subsequent government moratorium on deepwater drilling, Welch says there had been conversations about adding the energy division even before the ban.
“The moratorium expedited the re-establishment,” says Welch. “With so many local companies involved in the exploration and production of oil and gas it just made sense to provide them with a common ground.”
Welch announced that Oleg Mikhailov, Gulf of Mexico operations west manager of Chevron, is chairing the division. The vice chairman is Doug Keller, vice president of sales and marketing for Knight Oil Tools.
Volunteers will lobby all levels of government to promote pro-industry legislation and to defeat anti-industry legislation. The division will serve as a clearinghouse of information and a convener for developing strategy. On the federal level, according to the chamber, immediate focus will be given to the moratorium on deepwater drilling activity and its impact on the industry’s and Acadiana’s future.
On the state level, lobbying against a proposed oil and gas processing tax is a priority. Likewise, the division will work against any legislation to create contingency fees and to reinstate punitive damages in suits against the industry.
Another area of immediate interest is the promotion of the conversion from foreign oil to domestic compressed natural gas used by government and commercial fleets.
Chamber members interested in the division’s mission are invited to sign up. Click here to sign up online for the energy division or contact the chamber office at 337-233-2705.
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Louisiana agriculture officials say prices for long-grain rice are projected to drop this year.
First-time claims for unemployment insurance in Louisiana for the week ending July 19 decreased from the previous week's total.
A judge is getting ready to set a new trial date for a former BP executive charged with obstructing a congressional investigation into the 2010 Gulf of Mexico oil spill.
Midsouth Bank has released its second quarter earnings report, showing a year-over-year increase for shareholders.
The parent of Investar Bank says its second-quarter earnings fell to $1.1 million or 26 cents a share from $1.7 million of 44 cents a share in the same period a year ago.
1,554 rigs were exploring for oil and 315 for gas. Two were listed as miscellaneous. A year ago there were 1,770 active rigs.
Most personal auto insurance policies exclude coverage when people charge money to drive others in their personal vehicles.
Louisiana's 21 casinos took in $203.5 million statewide in June, edging up one-half of a percentage point from a year earlier.
Business First Bank has announced plans for a Baton Rouge market expansion through a merger deal with American Gateway Financial Corp.
Mellow Mushroom Pizza Bakers opens on Johnston.
Acadiana's Top 50 Private Companies
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The Heymann Center was transformed into a culinary adventure in mid-June for the EatLafayette kick-off event, A Taste of Lafayette, and for the third consecutive year, a sellout crowd filled the Cajundome Convention Center June 19 to hear LEDA chief Gregg Gothreaux’s State of the Economy report.
A look at recent hirings, promotions and other announcements from Acadiana's business community.