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.
A divided 3rd Circuit Court of Appeal reversed a Lafayette district judge’s ruling absolving the co-owner of a New Iberia accounting firm of liability in an embezzlement case.
Our View: It’s reasonable, temporary and invests in Lafayette’s future.
“I am only getting a little nervous about two projects — the proposed Sasol GTL facility [not the new ethylene plant] and the proposed G2X facility — both in Lake Charles. They need a hefty difference between oil and natural gas prices to make sense.”
Lower oil prices also might slow the growth of oil production in parts of the U.S., Canada and elsewhere because it will no longer be so profitable.
A Lafayette woman faces up to 20 years in prison for running up more than $1 million in unauthorized charges to her company credit card.
Signs that our state’s banking industry is undergoing a downsizing in 2014 were further confirmed today with the FDIC’s latest figures showing a third straight quarter in which Louisiana lost more banks and earned less money.
State police say a 47-year-old Lafayette man, who collected more than $83,000 in disability benefits, is accused of operating two businesses out of his home at a time when he claimed he had no income.
Facing opposition from a powerful industry, the governor and many in the Legislature, a New Orleans-area flood board's lawsuit against dozens of oil, gas and pipeline companies seemed doomed early on.
Thursday’s explosion aboard an oil production platform in the Gulf of Mexico is now under investigation by the Bureau of Safety and Environmental Enforcement.
Money from the first and only settlement so far in a Louisiana flood board's lawsuit against dozens of energy companies will be placed in a special account dedicated to coastal restoration.
BP is heading to a federal appeals court in its effort to oust the administrator of damage settlement claims arising from the 2010 Gulf of Mexico oil spill.
The 59-41 Senate vote was one shy short of the 60 needed to clear the House-passed measure.
Spot bonuses to employees who go above and beyond on projects one of several reasons national mag calls BR-based biz bank a cool place to work.
The Director Search Committee interviewed the five men still in the running via video last week and is set to trim the field this week.
Telecom’s decision to halt deployment to more than 100 cities while it awaits net-neutrality rules appears to be little more than a temper tantrum.
Environmental (and political) junkies got a double fix when The Lens hosted a discussion between its environmental writer and the lead attorney in the levee board suit.
Follow The IND to hear Lens environmental reporter Bob Marshall's interview with Gladstone Jones, the lead attorney in the lawsuit against the oil and gas companies for coastal damages.
The $35B deal leaves the burning question about what it will mean for the thousands of these two service giants' local employees.
Broussard & David set up shop at the corner of Jefferson and Vermilion.
in light of falling oil prices, Forbes asks, “Will there be more?”
Lake Charles lets Acadiana companies in on the action as our neighbor to the west prepares for unprecedented growth.
A new study analyzes the state of the Lake Charles region and the impact 19 industrial projects will have on residents.
A U.S. magistrate judge calls “garbage” on behavior of attorneys for Progressive Waste Solutions.
The Lafayette food truck scene is slowing down but not stopping.
Lake-area financial institutions seeing green.