For Louisiana’s offshore oil and gas industry, the news just keeps getting better: On March 22, federal officials cleared Exxon Mobil’s deepwater drilling permit, a revised permit to drill a new well approximately 240 miles off the Louisiana coastline, south of Lafayette in 6,941 feet of water (the Deepwater Horizon was 5,000 feet). It was the fourth in a month. And yesterday, the "permatorium" finally ended when the feds approved the first permit for completely new exploration in the Gulf of Mexico since the April 20 Deepwater Horizon disaster, saying Chevron Corp. had shown it could contain a subsea blowout.
The good news about permitting is hitting just as the Pew Research Center released a report on a turn in the public’s views toward offshore oil and gas drilling: 57% favor allowing more oil and gas drilling in U.S. waters, up 13 points since last June.
Not surprisingly, notes Pew, public support for the increased use of nuclear power has declined amid the ongoing nuclear crisis in Japan. Currently, 39% favor promoting the increased use of nuclear power while 52% are opposed. Last October, 47% favored and 47% opposed.
While drilling support has jumped by nearly 20 points among both Republicans and Democrats, Pew found a sizable partisan divide in these opinions remains: 81% of Republicans favor more U.S. offshore drilling, compared with 54% of independents and 46% of Democrats.
Pew Research Center for the People & the Press calls itself a nonpartisan "fact tank" that provides information on the issues, attitudes and trends shaping America and the world. Read more here.
C & C Technologies, HIT Fitness, R3 Sciences, the Acadiana Symphony Association and the United Way of Acadiana recognized for innovation.
Under the deal, Teche shareholders would get 1.162 shares of IberiaBank for each share of Teche stock.
Dave Perkins, LCG Comp Plan honored along with local architects and designers at the 2014 INDesign Awards
Greg Manuel’s Lafayette-based residential development company is taking advantage of exponential industrial growth in Lake Charles.
Longtime Lafayette retailer ventures online.
The annual juried competition recognizes excellence in architecture, interior design and historic preservation in Lafayette and the five surrounding parishes.
It’s not how aggressive or conservative you are — it’s planning for risk that matters most.
Cypress Bayou GM hosts open house.
Thanks to cutting-edge digital technology, more and more consumers are banking on ATMs and mobile phones.
Regional bank bids farewell to Downtown May 30
ABiz takes a look back at the most noteworthy moments for the local banking industry over the last year.
Most experts say short-term interest rates will be unchanged through 2014, but long-term rates are inching up.
New hires, promotions, transfers in Acadiana business
The scion of a landmark Four Corners restaurant climbs back into Lafayette’s culinary scene as franchisee for a popular burger chain.
Largest recruitment event in Acadiana returns May 21 to the Cajundome Convention Center
A lawyer’s ad should only be a starting point, as there is much more to consider when seeking quality representation.
Thanks to the inaugural 2012 INNOV8, a design for lifting heavy objects was brought to market.
His company bankrupt and being liquidated, the Lafayette businessman’s financial troubles are mounting.
Georgia-based fried chicken chain would go up against Raising Cane’s, Chick-fil-A and others (like the Popeyes near its proposed location).
A Scott businessman has pleaded guilty to failing to report a conspiracy to award Opelousas Housing Authority construction bids to his company.
Court-appointed examiner says Lafayette businessman was “effectively on both sides” of transactions, opens door for legal action against him.
Lafayette-based insurance broker/risk management group bought by Florida firm for undisclosed sum; principals Landry and Harris continue to run local operations.
The House labor committee rejected bills Thursday that would have set the state minimum wage higher than the hourly federal rate of $7.25 and would have allowed local governments to set their own minimum wage.
Of the major oil- and gas-producing states, Louisiana gained nine rigs, Texas increased by seven, California gained three and New Mexico increased by one.
The Louisiana Workforce Commission said Friday that initial claims rose to 2,101 from the previous week's total of 1,985. There were 2,444 initial claims during the comparable week in 2013.