06222018Fri
Last updateFri, 22 Jun 2018 2pm

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Offshore Technology Conference Recap

Despite the recession, OTC drew the second largest crowd in its 40-year history – 66,820 visitors from 120 countries! This is encouraging given the fact that the highest attendance was in 2008 when oil prices peaked at $150 a barrel.

 

Source: Oil & Gas Eurasia

 

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$350M Stimulus Boost Could Begin New Era for U.S. Geothermal Energy

The Obama Administration gave geothermal energy generation in the U.S. a huge shot in the arm Wednesday with the announcement of $350 million in stimulus funds to scale the barriers of tapping the Earth’s heat as a steady renewable power source.

 

The geothermal energy industry, which gets far less attention than wind and solar, rejoiced, especially since just a few years ago it seemed federal funding would disappear.

 

Source: Reuters

 

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Tampa Pipeline Project Shut Down

Hillsborough County environmental regulators have halted a section of a multimillion dollar pipeline project after learning that contractors hired by the city may have excavated debris from a former landfill and disposed of it without a permit.

 

Earlier this year, workers began tearing up portions of 19th Street to replace a failing pipe that provides drinking water to residents from Corrine Street to Fifth Avenue.

 

Source: Tampa Bay Tribune

 

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China Says It Is Not a Center for Fake Drugs

China has been unfairly branded a center of fake drugs, an official with the country's drug watchdog said Tuesday, blaming instead some overseas companies that source their raw materials through illegal suppliers.

China's pharmaceutical industry is lucrative but poorly regulated. Chinese manufacturers and other players along the drug supply chain have been blamed in recent years for deaths linked to counterfeit or shoddy medications at home and abroad.

Source: Associated Press

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U.S. Steel Hurt by Chinese Pipe Imports, ITC Says

U.S. makers of pipes used for oil wells are being harmed by a surge of Chinese imports, a U.S. agency ruled in a decision that may lead to tariffs of as much as 99 percent on $2.6 billion in goods.

The U.S. International Trade Commission ruled 6-0 in favor of domestic companies such as U.S. Steel Corp., the U.S. operations of Evraz Group SA and Wheatland Tube Co., controlled by the closely held Carlyle Group. The United Steelworkers union also joined in filing the case.

Source: Bloomberg

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