Port Fourchon’s Economic Impact Shows Astounding Growth

Industry at Louisiana's Port Fourchon accounted for over $2.8 billion in sales revenue and over $650 million in household earnings in 2013 in the state of Louisiana, said Dr. Loren Scott, president of Loren C. Scott & Associates, Inc., as he briefed the Greater Lafourche Port Commission at its November 7 board meeting. GLPC commissioned the study, “The Economic Impact of … [Read more...]

Chevron Strikes Oil at Guadalupe Prospect in Gulf of Mexico

Chevron Corporation (NYSE: CVX) together with BP announced Thursday a significant new oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico. The Keathley Canyon Block 10 Well No. 1 encountered significant oil pay in the Lower Tertiary Wilcox Sands, both Chevron and BP said in separate statements. The well is located approximately 180 miles off the … [Read more...]