News — industry

Grim outlook for for LA's oil & gas industry due to virus's impact

GAS impact Industry LA Los angeles OIL virus

Grim outlook for for LA's oil & gas industry due to virus's impact

Grim outlook for for LA's oil & gas industry due to virus's impact BATON ROUGE - The economic impact of the novel coronavirus and a global petroleum price war has brought the Louisiana oil and gas industry to its knees, and the price at the pump continues to drop. Though the low gas prices may seem like a short term win for consumers, it will ultimately draw a negative affect on communities and homes across Louisiana.  As a way to provide a lifeline to those in the oil and gas industry, President Donald Trump wanted to top off funding for...

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Artificial evolution of an industry

Artificial evolution evolution Fabindia india Industry

Artificial evolution of an industry

Artificial evolution of an industry Credit: Photos courtesy of Fabindia Through more than 200 successful retail locations, Fabindia has demonstrated that traditional handwoven fabrics have modern applications.  Newswise — A research team from the University of Delaware and the Indian Institute of Management took a deeper look into the newly emerging domain of "forward-looking" business strategies and found that firms have far more ability to actively influence the future of their markets than once thought.Through a decade-long field study of Fabindia Overseas Pvt. Ltd. (Fabindia), India's largest retailer for handloom and handcrafted products, the authors mapped the evolutionary processes --...

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The industry that was spending $10,000 a minute has reached its peak

Gladstone LNG industry LNG construction boom Santos

The industry that was spending $10,000 a minute has reached its peak

The industry that was spending $10,000 a minute has reached its peak   At the peak of the LNG construction boom, oil and gas company Santos was spending about $10,000 a minute over seven years to bring its $25 billion Queensland-based Gladstone LNG project online. But the days of new gas mega-projects being built is over as the industry shifts into a new gear of producing gas, says Deloitte. In a new report, Deloitte says the completion of another two major LNG projects – Inpex’s Ichthys project in the Northern Territory and Chevron’s Wheatstone project in WA – has all...

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