US

China to lower US taxes amid coronavirus outbreak

Guardian reports that markets rally after Beijing unveils plans to halve extra tariffs on 1,717 US products to boost its coronavirus-hit economy. The market rally followed the latest attempts by the Chinese authorities to boost the economy. After pumping money into the banking system and announcing tax and spending measures to help companies and households, Beijing said it would halve additional tariffs on 1,717 US goods.

U.S. DOE to issue $4M to improve coal combustion residuals

According to a recent statement, the U.S. Department of Energy’s (DOE) Office of Fossil Energy (FE) has announced an up to $4 million in federal funding for cost-shared research and development (R&D) projects under the funding opportunity announcement (FOA) DE-FOA-0002190, Research for Innovative Emission Reduction Technologies Related to Coal Combustion Residuals.

Trump applauds energy success  

In his 2020 State of the Union Address, the U.S. President Donald Trump highlighted the success of the oil and gas industry.

Marina on fire engulfs 35 boats, 8 dead in Alabama

At least eight people were killed when a fire destroyed dozens of boats in a marine in the US of Alabama, on January 27, with authorities looking for additional victims on the water and the cause of the fire remaining unknown.

US lifts sanctions on one unit of Cosco

The US Treasure Department announced that it has lifted sanction on one of the two sanctioned units of Cosco Shipping, deleting from its sanctions list Cosco Shipping Tanker (Dalian) Co, but continues having blacklisted the unit Cosco Shipping Tanker (Dalian) Seaman & Ship Management.

Port of Virginia, Ørsted proceed with plans for offshore wind rerminal

Virginia Governor Ralph Northam announced an agreement for Ørsted to lease a portion of the Portsmouth Marine Terminal for offshore wind staging materials and equipment. If fully executed, the lease will run through at least 2026, during which time Ørsted plans to install nearly 3,000 megawatts of wind energy projects in the US.

Eagle Shipping to pay fine for US sanctions violations

According to the US Office of Foreign Assets Control (OFAC), Eagle Shipping International (Eagle Shipping) has agreed to pay $1,125,000 to settle its potential civil liability for 36 apparent violations of the Burmese Sanctions Regulations.

Philadelphia Energy Solutions faces $132,600 fines

According to the US Department of Labor’s Occupational Safety and Health Administration (OSHA), Philadelphia Energy Solutions is considered responsible for “major violations of safety and health hazards” related to process safety management, after the fire and the following explosion at its Girard Point refinery complex in Philadelphia, back in June 2019.

Scrubbers not allowed within 24nm of the Californian coastline

The California Air Resources Board (CARB) adopted the ‘Fuel Sulfur and Other Operational Requirements for Ocean-Going Vessels within California Waters and 24 Nautical Miles of the California Baseline’ (OGV Fuel Regulation) in 2008. CARB reminds vessel owners and operators that the requirements under the OGV Fuel Regulation are still in effect. 

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