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LSU forecasters downgrade job growth outlook for Louisiana oil and gas sector

Source: theadvocate.com - Nov 16, 2018

LSU forecasters are downgrading the employment growth projections for Louisiana’s oil and gas production sector for the coming years, but energy companies here are expected to continue adding jobs and spending money as part of an ongoing Gulf Coast energy boom.

The industry-sponsored outlook for 2019 projects a “mixed bag” for the Gulf Coast energy industry, depending on the sector. Trade and other political uncertainties could delay capital investments, the report said, but growing global demand for energy and chemicals should continue to drive growth here.

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Category: General Business