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.
1,595 rigs were exploring for oil and 332 for gas. A year ago there were 1,738 active rigs.
Prestigious honor annually recognizes a single attorney for excellence in public interest/pro bono work.
JPMorgan Chase is giving $1 million to Louisiana's community and technical colleges, to help with workforce training efforts to match students to available jobs.
Law firm unveils newly renovated 200-year-old building.
UL grad named web developer at BBR Creative
Lafayette-based emergency department staffing and management company raises $120 million in senior credit facilities through GE Capital, Healthcare Financial Services.
High-rise apartment building, parking garage, hotel and retail part of new development.
The number of Louisianans with jobs continued to set records in September, but the state's unemployment rate kept rising.
Louisiana is drowning, quickly.
An investment group led by Macquarie Infrastructure and Real Assets will buy the Louisiana power company Cleco for $3.4 billion.
Local developer’s Lake Charles Gardens LLC purchases buildings and leases; land still owned by Dugas family.
Economist Loren Scott says Louisiana is in the midst of an industrial boom unlike any other in its history, with more than $100 billion in industrial projects either under construction or in the engineering and design phase.
The Louisiana Treasury holds $18 million in Israel Bonds — bonds that earn 2.868 percent when the three-year U.S. Treasury is yielding 1.08 percent.
ABiz celebrates another class of Acadiana's most influential female trailblazers, the Lourdes Foundation honors a local philanthropist and MedExpress in Opelousas celebrates its 22nd year as the “little ambulance service that could.”
Is Louisiana’s O&G industry ready to head south of the border?
Downtown’s newest live-work space for creatives doubles as a gallery for other upcoming artists to show their work.
A maritime case originating in Lafayette federal court could become a game changer for the oil and gas industry.
Here’s what’s at stake in the November Senate race — regardless of whether Republicans gain control of the upper chamber.
From the publisher’s in-box: ABiz reaches out to Lake Charles, time to “Come Home, Louisiana,” and now accepting nominations for Entrepreneur of the Year.
In late September Cleco and UL Lafayette showed off the Cleco Alternative Energy Center, where researchers explore ways to generate power by using renewable resources.
The most recent promotions, hirings and announcements from Acadiana's biz community.
While Amendments 1 and 2 will shield some health care providers from the budgetary whims of Gov. Jindal, they could make higher ed even more vulnerable to cuts.
Age 60 looks good on the country’s second-largest oil and gas show.
Local pieces and logo-emblazoned corporate gifts
Let’s show how much we care what it looks like.