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Nearly 85% of energy facilities in the Gulf of Mexico will be shut in and damage is likely as Gustav, currently a tropical storm, cuts a path from the Caribbean to the Gulf Coast as a powerful hurricane, a prominent weather forecaster predicted.

The success of the subsea industry will be celebrated at the inaugural Subsea europe Exhibition and Conference in London on Thursday, October 30, 2008. The event will highlight opportunities in Europe and West Africa as well as new technologies.

The price for crude oil produced by OPEC fell only slightly on Tuesday, OPEC announced on Wednesday.

Crude oil prices moved to $117.60 a barrel in overnight trading Wednesday on the New York Mercantile Exchange as a Gulf of Mexico storm watch continued.

The combined bottom line of commercial banks in Florida flipped into the loss column in the second quarter as banks here join national saving institutions in the red, according to Federal Deposit Insurance Corp. data released Tuesday.

Energy companies in the U.S. Gulf of Mexico began evacuating staff from offshore rigs on Wednesday as Tropical Storm Gustav barreled toward the oil and natural gas-rich region.

Mariner has completed the primary production system for its Bass Lite deepwater field in the Gulf of Mexico, which allows production of up to 130 million cubic feet of natural gas per day from the two wells.

While not triumphant, a Pittsburgh-area women’s tennis team led by two local executives has returned from a regional tournament at Princeton University with high hopes for next year.

Premier Bank said Wednesday that its newest banking center in Fairway has a tentative opening date of Sept. 8.

Humana Inc. has leased 13,000 square feet at Highwoods Seven Springs I.