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Tag Archives: Mississippi

Mississippi port trying to land its biggest tenant

GULFPORT, Miss. (AP) — The state port is trying to land its biggest tenant. The Sun Herald reports the company that would use a patented system to condition and liquefy gas on the West Pier for shipment to the Caribbean and Puerto Rico. SeaOne Gulfport LLC’s first production facility and export terminal is estimated to cost $450 million, with expansion ...

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Louisiana and Mississippi driller Goodrich files bankruptcy

goodrich files bankruptcy

JACKSON, Miss. (AP) — One of the oil companies most active in drilling wells in the Tuscaloosa Marine Shale formation in Mississippi and Louisiana has sought bankruptcy protection. Houston-based Goodrich Petroleum filed for Chapter 11 bankruptcy Friday after securities owners rejected swapping their holdings for common stock to lower debt payments. The company cites $99 million in assets against $507 ...

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Mississippi close to landing big industry

Mississippi Map

JACKSON, Miss.— Mississippi could be days away from landing a major industrial project, as pieces of the recruitment effort including special utility rates and incentive legislation are moving forward. The state Public Service Commission voted 3-0 Tuesday to allow Energy Mississippi to offer a special electrical rate to an unnamed industry. Cecil Brown, Democratic Central District public service commissioner, said ...

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New Orleans developer plans luxury Gulfport apartments

GULFPORT, Miss.  — A New Orleans developer is sold on Gulfport as a great place to invest, so much so that he is looking to add to his building inventory. The Sun Herald reports Friday (http://bit.ly/1Lo6wFW) Vincent Marcello has already bought the old Cadillac Building in downtown Gulfport. The newspaper reports Marcello plans luxury apartments on its third and fourth ...

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Mississippians spend $331 a month on energy, 11th highest in the country

Mississippi just missed landing on WalletHub’s list of 10 Most Energy Expensive States. WalletHub compared the total monthly energy bills in each state and the District of Columbia. Connecticut residents spend the most at $401 a month, according to the study released Monday, and the District the least at $223. Mississippi was ranked the 11th most energy-expensive state, with an ...

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Texas payout announced for BP oil spill damage claim

BP is anticipated to pay the largest settlement from a single entity ($18.7 billion) in American history for its April 20, 2010 rig explosion in the Gulf of Mexico. Of that staggering amount, numerous states and surrounding local governments are being compensated for damage claims, including Texas. Texas will receive $788 million, according to a recent report from the Associated ...

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Bill would recognize 9-mile offshore limit for 3 Gulf states

JACKSON, Miss. — Since July 2013, Mississippi has claimed its state waters extend nine miles south into the Gulf of Mexico, but the federal government refuses to recognize the declaration. Mississippi’s senior U.S. senator is trying to change the government’s mind. The feds have been standing by a 1960 U.S. Supreme Court decision that determined the offshore boundary for Mississippi, ...

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Storm leaves 170,000 without power in U.S. Gulf Coast

Almost 170,000 homes and businesses were without power early on Tuesday from Texas to Mississippi after severe storms battered the U.S. Gulf Coast states on Monday, according to local utilities. The storms moved from west to east, hitting Texas first. Power companies in Texas said they expect to restore power to most customers later on Tuesday, but would not be ...

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Morgan Stanley renews U.S. oil storage deal ahead of trading unit sale

NEW YORK – Morgan Stanley’s commodities group has renewed a refined product storage deal with TransMontaigne Partners L.P. seven months early, as the Wall Street bank plans to sell its physical oil business. In a statement on Wednesday, TransMontaigne said Morgan Stanley Capital Group extended its lease agreements for about 2.7 million barrels of refined product storage in Mississippi. The ...

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Restoration projects in $137 million preliminary agreement

JACKSON, Miss. — Here’s a look at 10 projects given preliminarily approval to share in $134 million in funding from BP PLC’s $1 billion set-aside dedicated to recovery from its 2010 oil spill in the Gulf of Mexico: GULFWIDE $45 million: Sea turtle restoration mainly in Texas and Mexico, including at Padre Island National Seashore. $20 million: Pelagic longline bycatch ...

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