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Posts Tagged ‘Oil’

Delta Fuel expanding in-state footprint, planning to leave Louisiana

NATCHEZ — Two long-time Miss-Lou oil distributors have recently been bought out, but one of the buyers is expanding its market share in Mississippi and making plans to move out of Louisiana. Delta Fuel Co. Inc. recently bought the wholesale side of Independent Oil and Coal Co., and has leased the bulk plant of Cloutier [...] [...]

Victory acquires stores, accounts from Cloutier Oil

by Associated Press Published: March 29,2012

Tags: acquisitions, convenience stores, food, gas, gasoline, groceries, marts, mergers, Oil, petroleum, retail, stores

NATCHEZ and RIDGELAND — Ridgeland-based Victory Properties has bought 11 convenience stores and nine dealer accounts of Cloutier Oil in Natchez. Lawrie Cloutier, owner of Cloutier Oil, tells the Natchez Democrat the sale was completed March 19. Terms were not disclosed. Cloutier Oil was started Oct. 1, 1958, and originally served commercial businesses that had [...] [...]

Unannounced, mystery sand-drying plant recruiting workers

by Associated Press Published: March 28,2012

Tags: economic development, employment, gas, jobs, manufacturer, manufacturing, media, Oil, petroleum, plant, recruitment, sand-drying, workers

PICAYUNE — A company building a sand-drying plant to service the oil industry will be taking applications Friday and Saturday for 40 to 50 jobs. The job recruiting will take place at Picayune City Hall. The Picayune Item reports Alliance Consulting Group, LLC has advertised in the newspaper for a plant manager, laboratory manager, production [...] [...]

Transocean chief executive hoping for comprehensive oil spill settlement

NEW ORLEANS — The head of Transocean Ltd. says the company is hoping for a comprehensive legal settlement of claims resulting from the BP oil spill. Transocean chief executive Steve Newman told a conference of investment analysts in New Orleans today such a settlement would have “to recognize the relationship” between a drilling company and [...] [...]

Hood hires ex-Attorney General Moore to handle BP oil spill claims

JACKSON — Mississippi Attorney General Jim Hood confirmed yesterday to The Associated Press that he has hired former Attorney General Mike Moore and others to handle the state’s claims against BP PLC stemming from the 2010 Gulf of Mexico oil spill. Hood hired fellow Democrat Moore, plus former state Supreme Court Justice Reuben Anderson and [...] [...]

Callon reports improved earnings for quarter, year

by MBJ Staff Published: March 19,2012

Tags: earnings, energy, gas, net income, Oil, petroleum, publicly traded compasny, revenues

NATCHEZ — For the year ended Dec. 31, 2011, Callon Petroleum reported net income of $104.1 million or $2.70 per fully diluted share, as compared to $8.4 million or $0.28 per share for the year ended December 31, 2010. Included in net income is an income tax benefit of $67 million, primarily related to the [...] [...]

Environmentalists file lawsuit to block offshore drilling

GULF OF MEXICO — The Mississippi Sierra Club and The Gulf Restoration Network have asked a Hinds County judge to block the state from enacting new regulations on offshore drilling. Dan Turner, spokesman for the Mississippi Development Authority, said he has not seen the lawsuit and cannot comment. The groups contend the process is moving [...] [...]

Senators lobbying House to pass BP oil spill bill

MISSISSIPPI GULF COAST — U.S. Senators Thad Cochran (R-Miss.) and Roger Wicker (R-Miss.) are hoping the House of Representatives will look favorably on “overwhelming” Senate support for legislation that will direct fines from the BP oil spill to Mississippi and other Gulf Coast states. The Senate yesterday approved (74-22) the Moving Ahead for Progress in [...] [...]

Chevron refinery dumps heavy oil into Gulf; no injuries

by Associated Press Published: March 14,2012

Tags: accident, energy, environment, gas, Oil, oil spill, petroleum, pollution, REFINERY, refining

PASCAGOULA — A line leak has released about 45 barrels of heavy oil into the water around Chevron Corp.’s Pascagoula refinery wharf. The company says the spill occurred around 3:45 a.m. yesterday and specialized refinery teams have responded to the incident. Chevron officials say skimmer boats and oil absorbent boom have been deployed. Officials say [...] [...]

Senate OKs states receiving oil spill funds; Feinberg tenure as administrator ending

MISSISSIPPI GULF COAST — The Senate has approved using the bulk of water pollution fines stemming from the 2010 Gulf oil spill to pay for restoration in five Gulf states. The BP oil company could be fined $5.4 billion to $21.1 billion under the Clean Water Act, depending on whether it’s found grossly negligent. The [...] [...]

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