oil

The five year anniversary of the Deepwater Horizon disaster is less than 3 weeks away. A Pemex Oil Rig has exploded in the Gulf of Mexico on Wednesday. 4 people are dead, 45 injured, and 300 have been evacuated

Officials at Lafayette-based Frank's International announced Tuesday they will lay off 400 to 600 employees, or about 9 to 13 percent of its worldwide workforce.

Frank's is headquartered in Houston, and has offices here in Lafayette. Fuelfix.com reports the deal is worth $95 million, $75 million in cash, with another $20 million contingent upon performance.

If you live in south Louisiana, you know what fuels our way of life. (No pun intended.) The oil industry is the cornerstone of Acadiana's economy. Work in the oil patch pays well, but it's not for everybody.

Would you be willing to pay more for fuel to safeguard oilfield jobs? Why, or why not?

The investigation continues into an explosion that claimed the life of one worker and injured three more.

Halliburton is buying its rival Baker Hughes for $34.6 billion. An agreement was reached on a cash/ stock swap that has been unanimously approved by the boards of both companies.