oil industry

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.

Derrick Hadley was born to work in the oil field — almost literally. His father named him after an oil rig, spelling and all.Derrick’s father spent his…

Even as the price of oil drops, and offshore drilling slows down, huge amounts of crude oil keep flowing into Louisiana’s oil ports. The biggest is LOOP,…

The oil and gas downturn has resulted in a loss of about 12,000 jobs across Louisiana over the past year. Many of those jobs are concentrated in smaller…

In many ways, Patrick Kirton is a typical offshore worker. He grew up in Shreveport; his dad was in the industry; his older brother just retired from BP.…

A sudden drop in oil prices last year has brought huge challenges to the state of Louisiana — more than 10,000 layoffs in the oil and gas sector and a…

Twice a year the federal government auctions off land in the Gulf of Mexico for oil and gas exploration. It’s usually a pretty quiet affair. But on…