Oil and Gas

The oil and gas industry won a significant victory Friday in the Louisiana Legislature, receiving final passage of a bill that seeks to kill a lawsuit filed by a New Orleans area levee board against nearly 100 oil and gas companies.

levee board carousel

Only one bill against the levee board lawsuit remains, and it’s expected for a final vote Thursday in the House, where a surprising number of lawmakers remain undecided.

Safety regulators have quietly placed two extra conditions on construction of TransCanada Corp.'s Keystone XL oil pipeline after learning of potentially dangerous construction defects.

Of the Acadiana delegation's three members of the House Natural Resources and Environment Committee, only Reps. Jack Montoucet and Stephen Ortego voted against a bill to kill the lawsuit filed by a New Orleans levee board against 97 oil and gas companies.

BP PLC said Wednesday it will ask the U.S. Supreme Court to decide whether businesses must prove they were directly harmed by the 2010 Gulf Of Mexico oil spill to collect payments from a 2012 settlement.

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