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28 Shreveport-area oil service employees losing jobs

Mike Kopp / Shale Plays Media

SHREVEPORT, La. — A corporation that provides services for the oil and gas industry is laying off 28 employees at its Shreveport facility. Baker Hughes notified the state of the layoffs in a letter late last week. A copy was released Monday by Louisiana’s labor department. The company said the layoffs are the result of cutbacks in exploration, drilling and ...

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ERCOT warns of potential need for power outages

Power_meters

After power consumption broke 2011 records for three consecutive days this month, the Electric Reliability Council of Texas issued a call for conservation Thursday morning. During the peak period of 3 to 7 p.m., energy consumers in Texas are being asked to help keep the power grid in working condition by making changes to how they use their electricity. ERCOT ...

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New hunt for oil in Florida raises environmental concerns

Getty Images via Newscred

MIAMI — Renewed hunts for oil in sensitive Florida ecosystems have environmental groups raising questions about the state’s regulation of the oil and gas industry. A Miami company, Kanter Real Estate LLC, has submitted a permit application to drill an exploratory oil well on the eastern edge of the Everglades. Meanwhile, federal approval is pending for a seismic survey meant ...

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Oil industry warns of costs in issuing moratorium on wells

Natural Gas well in the Horn River Basin gas play of Northeastern British Columbia

OKLAHOMA CITY — Representatives of the oil and natural gas industry warn that issuing a moratorium on wastewater disposal wells could hurt Oklahoma’s economy. The Oklahoma Corporation Commission is investigating whether the wells are triggering earthquakes in the state. The Oklahoman reports that Oklahoma recorded 585 earthquakes last year. The Oklahoma Geological Survey says there have been more than 500 earthquakes ...

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Ohio man sentenced to prison for oil-well scheme

Getty Images via Newscred

LEXINGTON, Ky. (AP) — An Ohio man has been sentenced to three years in federal prison for defrauding more than 200 investors out of more than $3 million in a Kentucky oil-well scheme. The Lexington Herald-Leader reports that U.S. District Judge Gregory F. Van Tatenhove on Monday also ordered Michael Hicks of Cincinnati to pay back the full amount to ...

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4 St. Tammany governments take BP settlements

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COVINGTON, La. — Four governmental bodies in St. Tammany Parish have accepted money BP as part of a group settlement of local government claims for economic losses caused by the 2010 oil spill in the Gulf of Mexico. The Advocate reports three more will take up the matter next week. The St. Tammany Parish Council this week accepted a $16.8 ...

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