08202018Mon
Last updateFri, 17 Aug 2018 5pm

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Obama Ready to Tap Offshore Oil, Wind Power

Just weeks into his presidency, President Barack Obama has moved right past the should-we-drill-offshore question and plunged into a new debate about how best to tap resources on the Outer Continental Shelf.

With the lifting of the moratorium against offshore drilling last year, some offshore drilling almost certainly will occur.

Source: McClatchy

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SE Asia Outlines Plans for New Refineries, Upgrades

Indonesia's state-owned PT Pertamina, aiming to reduce fuel imports by boosting domestic supply, plans to construct two new refineries and upgrade an existing facility.

"We still import fuels in a large volume," said Indonesian President Bambang Susilo Yudhoyono, adding that, as a matter of economic efficiency, Pertamina "will build three refineries within 3-5 years."

Source: Oil & Gas Journal

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Salazar Rejects Bush Drilling Plan

Interior Secretary Ken Salazar has rejected a Bush administration plan to open vast waters off the Pacific and Atlantic coasts to oil and gas drilling, promising "a new way forward" in offshore energy development including new wind projects.

Salazar at a news conference Tuesday criticized "the midnight timetable" for new oil and gas development on the country's Outer Continental Shelf proposed by the Bush administration four days before President Barack Obama took office Jan. 20.

Source: Associated Press

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Harder Tone is Ahead at Weeklong Energy Event

The energy industry’s challenge to navigate the worst global recession in decades will dominate the landscape of one of the sector’s biggest annual gatherings this week.

The weeklong Cambridge Energy Research Associates conference at the Galleria, known as CERAWeek, will feature energy chief executives, top economists, policymakers and oil ministers from some of the globe’s resource-richest countries, including Saudi Arabia.

Source: Houston Chronicle

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Temple Gets $1.6 Million Grant for Pharmaceutical Study

The Pennsylvania Department of Community and Economic Development on Monday granted Temple University $1.6 million to establish a center to develop environmentally friendly manufacturing methods for the pharmaceutical industry.

The Center for Pennsylvania Environmental Technologies for the Pharmaceutical Industry will work to develop new technologies and processes for pharmaceutical waste management.

Source: Philadelphia Business Journal

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