Biden considers ‘alternatives’ after OPEC oil production cuts
President Biden has said the White House is exploring alternatives after OPEC’s decision to drastically cut the amount of oil delivered to the global economy.
Ariana Triggs, Associated Press
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Two Lafayette web companies are joining forces to create one of the largest web development companies in the state, Comit Developers announced this week.
Comit Developers acquires web hosting, development, maintenance and security for web clients from Bizzuka and its web development team – a partnership that would allow Lafayette-based businesses to have a larger footprint in the state.
“This acquisition will allow us to provide better services to more businesses across the country,” Spencer Hoyt, co-founder of Comit Developers, said in a statement.
Both companies have over 20 years of experience in web design, digital marketing, and customer service. The two companies have worked together before, with Hoyt partnering with Bizzuka CEO John Munsell to provide search engine optimization support to Bizzuka clients in 2003.
Oilfield services company making Lafayette its hub for northern Gulf of Mexico operations
About 113 new jobs could be created in Acadiana after an oil services company announced it would invest $11.5 million to centralize its northern Gulf Coast divisions in Lafayette, according to a release from Louisiana Economic Development.
After:Oil and gas company to invest $11.5 million in Lafayette, 113 jobs coming to Acadiana
Schlumberger announced plans to consolidate the divisions into a newly renovated hub in Lafayette, which is expected to bring 44 new direct jobs and 69 indirect jobs to the Acadiana area, while retaining nearly 1,400 existing jobs in Louisiana.
“Schlumberger has been an economic engine in Louisiana for more than half a century, and the company remains a vital contributor to our state’s ‘all of the above’ approach to energy,” Governor John said. Bel Edwards in a statement. “This investment not only creates dozens of well-paying jobs in Lafayette, it demonstrates a commitment to the future of more than 1,000 existing energy jobs across the state. Amid a historic transition, Louisiana’s energy sector remains strong.
The hub will be in the company’s former Pathfinder office building in Lafayette Parish, which is currently unoccupied. The building is undergoing major renovations that will result in 195 construction jobs at the peak of construction. The renovation is expected to be completed in 2025.
Schlumberger is one of the largest employers in Lafayette Parish, ranking 19th with approximately 508 employees, according to the Lafayette Economic Development Authority. The company is also present in Morgan City, New Iberia, Berwick and Broussard.
Waitr delays vote on reverse stock split
Waitr Holdings, the company that owns ASAP (formerly known as Waitr), has announced that it is postponing its special meeting of shareholders originally scheduled to be held from October 6 to October 20, saying the company does not have enough votes in favor. to adopt a reversal. stock split.
The company faces delisting from NASDAQ if its stock price does not rise above $1, and a reverse stock split has been the preferred approach by company management.
After:The United States could face a recession in 2023. Lafayette could still get more jobs
The reverse split would take between five and 20 of the company’s existing shares and combine them into a single share, which would likely increase the price per share. The company voted earlier in the year on a similar measure, but it didn’t get a majority shareholder vote in favor.
Waitr Holdings said in a statement that there is “significant support based on the shares that were voted on by shareholders,” but still lacked a majority of all shareholders.
Company executives argued that the reverse split is “necessary to secure a stock price high enough to meet the Nasdaq Capital Market’s continued listing requirements.” Although the company also clarified that there is no guarantee that the price will stay at this level.