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U.S. rig count down 18; Louisiana drops 3

2016-01-30 02:24:29| Oil & Gas - Topix.net

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 18 this week to 619. The Houston firm said Friday 498 rigs sought oil and 121 explored for natural gas amid depressed energy prices.

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U.S. rig count down 13; Louisiana unchanged

2016-01-22 22:40:34| Oil & Gas - Topix.net

Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 13 this week to 637. The Houston firm said Friday 510 rigs sought oil and 127 explored for natural gas amid depressed energy prices.

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National Oilwell Varco closing Louisiana facility

2016-01-20 15:29:48| Oil & Gas - Topix.net

National Oilwell Varco, a manufacturer and parts supplier to the oil and gas industry, is shutting down its facility in Houma, Louisiana, and that will put 80 employees out of work. The Louisiana Workforce Commission tells The Advocate the layoffs at the facility started Monday, and will continue in phases until NOV shuts down sometime between March 7 and March 21. State officials say they will provide re-employment services to the affected employees, including information on unemployment benefits, rA©sumA© help and job-searching tools.

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Price of oil has Louisiana stocks lagging behind

2016-01-17 01:12:41| Oil & Gas - Topix.net

Louisiana stocks once again performed worse than the U.S. stock market, thanks to the continued low prices for crude oil. The 25 stocks in The Advocate's Pelican State Portfolio, which is made up of public companies based in Louisiana, were down 3.6 percent for the fourth quarter.

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KCS to invest $15 million to improve rail line through Louisiana

2016-01-14 23:18:07| Railroads - Topix.net

KANSAS CITY, Mo. - Kansas City Southern announced today that its principal U.S. subsidiary, The Kansas City Southern Railway Company , will invest approximately $15 million in 2016 on rail and bridge improvement projects on its Beaumont Subdivision between DeQuincy and DeRidder, La.

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