New Orleans is home to one of the world’s biggest and busiest ports, and metropolitan New Orleans is a maritime hub. Additionally, the New Orleans area is home to a sizable amount of the nation’s oil refining and petrochemical output, as well as a white-collar business hub for onshore and offshore petroleum and natural gas production.
New Orleans is a hub of higher education, with over 50,000 students enrolled in the region’s eleven two- and four-year colleges. Tulane Institution, a top-50 research university, is situated in New Orleans’ Uptown area. Metropolitan New Orleans is a significant regional health care center and is home to a modest but internationally competitive industrial sector. The central city is home to a thriving entrepreneurial creative industries sector and is well-known for cultural tourism. Greater New Orleans, Inc. (GNO, Inc.) serves as the regional economic development focal point, coordinating efforts between the Louisiana Department of Economic Development and the many parochial business development organizations.
PORT
New Orleans was created as a strategically positioned trade entrepôt and continues to be a vital transit hub and distribution center for maritime commerce. The Port of New Orleans is the fifth-largest port in the United States in terms of cargo handled, and the second-largest in Louisiana, after the Port of South Louisiana. It is the 12th biggest port in the United States in terms of cargo value. The Port of South Louisiana, which is also located in the New Orleans metropolitan region, is the busiest in the world in terms of bulk tonnage. When coupled with the Port of New Orleans, it creates the country’s fourth-largest port system in terms of volume handled. Numerous shipbuilding, shipping, logistics, freight forwarding, and commodities brokerage enterprises are headquartered in or have a large presence in metropolitan New Orleans. Intermarine, Bisso Towboat, Northrop Grumman Ship Systems, Trinity Yachts, Expeditors International, Bollinger Shipyards, IMTT, International Coffee Corporation, Boasso America, Transoceanic Shipping, Transportation Consultants Inc., Dupuy Storage & Forwarding, and Silocaf are just a few examples. Folgers operates the world’s biggest coffee roasting factory in New Orleans East.
As like Houston, New Orleans is positioned by the Gulf of Mexico and its many oil rigs. Louisiana ranks fifth in the United States in terms of oil output and eighth in terms of reserves. It owns two of the four Strategic Petroleum Reserve (SPR) storage sites located in Cameron and Iberville parishes: West Hackberry in Cameron and Bayou Choctaw in Iberville. Other infrastructure includes 17 petroleum refineries with a total capacity of almost 2.8 million barrels per day (450,000 m3/d), the second biggest in the country after Texas. Among the several ports in Louisiana is the Louisiana Offshore Oil Port (LOOP), which can accommodate ultra-large oil tankers.
Given the volume of oil imported, Louisiana is home to numerous major pipelines that supply the nation with crude oil (Exxon, Chevron, BP, Texaco, Shell, Scurloch-Permian, Mid-Valley, Calumet, Conoco, Koch Industries, Unocal, United States Department of Energy, Locap); product (TEPPCO Partners, Colonial, Plantation, Explorer, Texaco, Collins); and liquefied petroleum gas (Texaco, Collins (Dixie, TEPPCO, Black Lake, Koch, Chevron, Dynegy, Kinder Morgan Energy Partners,Dow Chemical Company, Bridgeline, FMP, Tejas, Texaco, UTP). Several major energy corporations, including Royal Dutch Shell, Eni, and Chevron, maintain regional offices in the city or its outskirts. Numerous other energy producers and oilfield services companies also have their headquarters in the city or region, and the sector also supports a sizable professional services sector comprised of specialized engineering and design firms, as well as a term office for the federal government’s Minerals Management Service.