lie just offshore. Louisiana ranks
fifth in oil production and eighth in reserves in the United States. It is also
home to two of the four Strategic Petroleum Reserve (SPR) storage facilities:
West Hackberry in Cameron Parish and Bayou Choctaw in Iberville Parish. Other
infrastructure includes 17 petroleum refineries with a combined crude oil
distillation capacity of nearly 2.8 million barrels per day (450,000 m/d),
the second highest in the nation after Texas. Louisiana's numerous ports
include the Louisiana Offshore Oil Port (LOOP), which is capable of receiving
ultra large oil tankers. Given the quantity of oil importing, Louisiana is home
to many major pipelines supplying the nation: Crude Oil (Exxon, Chevron, BP,
Texaco, Shell, Scurloch-Permian, Mid-Valley, Calumet, Conoco, Koch Industries,
Unocal, U.S. Dept. of Energy, Locap); Product (TEPPCO Partners, Colonial,
Plantation, Explorer, Texaco, Collins); and Liquefied Petroleum Gas (Dixie,
TEPPCO, Black Lake, Koch, Chevron, Dynegy, Kinder Morgan Energy Partners, Dow
Chemical Company, Bridgeline, FMP, Tejas, Texaco, UTP). Several major energy
companies have regional headquarters in the city or its suburbs, including
Royal Dutch Shell, Eni and Chevron. Numerous other energy producers and
oilfield services companies are also headquartered in the city or region, and
the sector supports a large professional services base of specialized
engineering and design firms, as well as an office for the federal government's
Minerals Management Service.
Business
The city is the home to a single Fortune 500 company:
Entergy, a power generation utility and nuclear powerplant operations
specialist. In the wake of Hurricane Katrina, the city lost its other Fortune
500 company, Freeport-McMoRan, when it merged its copper and gold exploration
unit with an Arizona company
