oil

A leak – significant, yet small by Louisiana standards – has highlighted concerns about the state’s response to such leaks under the Trump administration and Gov. Jeff Landry.

In a legal setback for fossil fuel advocates, a federal court has invalidated a large offshore oil and gas lease sale in the Gulf of Mexico, ruling Thursday in favor of environmental groups that sued to block the lease after it was scheduled for auction in 2023.

Despite President Donald Trump’s calls to “drill, baby, drill,” many oil companies operating in the Gulf of Mexico will likely do what they’ve done for years: sit on hundreds of untapped oil leases across millions of acres.

President Joe Biden is moving to ban new offshore oil and gas drilling in most U.S. coastal waters, an effort to block possible action by the incoming Trump administration to expand offshore drilling.

A separate review finds issues with an industry-funded insurance group.

Experts say activating unused oil wells could temper the rising costs at the gas pump, but consumers should not expect prices to get anywhere near their COVID low.

Perhaps lawmakers avoid getting their fiscal myopia checked because they’re waiting for a bonus to pay for the eye exam -- like New Iberia Representative…

Oil prices have dropped again, closing just above 50-dollars per barrel all last week. What does that mean for Louisiana’s precariously balanced…

Amid record production, some analysts worry the U.S. will run out of places to put it all. One says lack of storage space could drive oil down to about $20 a barrel, less than half the current price.

Oil's price slump is hitting some companies hard. But longtime producers, like Texas oilman Tracy Perryman, have been through downturns before — and have learned how to survive lean times.