Oil Industry

The price of a barrel of oil is up over $70 a barrel with experts saying that price is likely to continue to rise due to a number of factors.

Frank's shareholders will own 35 percent of the new combined company.

Shell has just announced they are closing their refinery plant in Convent, La.

Do legacy lawsuits really play a big role in drilling and the cost of oil? Kathy Shannon says YES

Ralph McIngvale can't build units fast enough to keep up with the demand.

Energy giant BP says it's added the equivalent of 30,000 barrels of oil a day to production at its largest Gulf of Mexico platform, called Thunder Horse .

The organization is laser-focused on diversification and growth in our own backyard.

Why are other Louisiana cities thriving as the Lafayette oil industry struggles to find its footing?

The family of a Eunice man tells us he is "doing ok" after him and three other workers evacuated a production platform that caught fire in the Gulf of Mexico.

Really hate to report this news, but according to KATC, Chevron has just announced more layoffs in Lafayette and Covington.

Fuelfix.com is reporting that in an internal memo, it states that the company plans to "flatten the company's business by cutting management posts".

As gas prices plummet through the U.S., oil and gas giant Halliburton has announced they will be making thousands of cuts in multiple markets.

Louisiana Republican Charles Boustany was disappointed in the President's State of the Union address last night.

One of the keys to boosting our oil and gas industry is dredging out the channels leading inland from the Gulf of Mexico. Our ports are not deep enough for some big ocean-going vessels to work at importing and exporting oil. So, where are we with the digging? We had the chance to ask Congressman Jeff Landry when he was in the studio today.

I have never worked offshore, I can only imagine what it must be like. I know many of you do, or have friends and family that work to supply energy to America and the world. This article from the New York Times is one of the most engaging pieces I have read in a very long time. It is a lengthy article but one that I believe is well worth your time. You will find yourself on board the DeepWater Hor