President-elect Trump will allow new and expanded drilling
The Trump administration is reportedly preparing to allow new and expanded oil and gas drilling. President-elect Trump could also replenish the Strategic Petroleum Reserve, which has been reduced under President Joe Biden. Electric vehicle tax credits appear to be on hold despite pleas from automakers. As Trump's second administration continues to take shape, he appears to be embracing the "drill, baby, drill" philosophy. As part of that effort, the president-elect's transition team is said to be preparing a plan that would allow new and expanded oil and LNG drilling. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP") { adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd("6a782b01-facb-45f3-a88f-ddf1b1f97657"); The plan could be rolled out within days of Trump taking office, according to sources who spoke to Reuters. This would reportedly allow for increased oil drilling on federal property and offshore. It is expected that licenses will be issued quickly and more profitable areas may be opened up for drilling.…
Grand Hyatt Scottsdale unveils expanded meeting space
Newly renovated Grand Hyatt Scottsdale ResortFormerly known as the Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch, it underwent a $115 million renovation to become the first Grand Hyatt hotel in Arizona. With enhanced meeting and event facilities, the resort offers planners spacious, sophisticated spaces that embody the true spirit of the Southwest, making it the region's premier destination for events. Vaquero Classroom. Large gathering space with enhanced capacity Grand Hyatt Scottsdale Resort now offers an impressive 90,000 square feet of indoor and outdoor function space. newly expanded Arizona BallroomSet to open in January 2025, it will nearly triple the space to 24,000 square feet, making the resort a premier venue for large-scale meetings, celebrations and corporate events. Complementing the Arizona Ballroom is the 14,000-square-foot ballroom Vaquero Ballroom 52,000 square feet of existing indoor and outdoor event space was also completely remodeled. Arizona Ballroom (rendering). Meeting and event space includes 48 flexible meeting rooms equipped with high-speed internet, state-of-the-art…
World ECR | Oil industry targeted by expanded U.S. sanctions
Home > information > US expands sanctions on Iran to target oil industry After Tehran attacked Israel on October 1, the United States announced expanded sanctions targeting Iran's oil and petrochemical industries. "This action intensifies financial pressure on Iran and limits the regime's ability to earn critical energy revenue, thereby destabilizing the region and attacking U.S. partners and allies," it explained. The U.S. Treasury Department said in a statement on October 11: “The Secretary of the Treasury, in consultation with the Secretary of State, is determining the petroleum and petrochemical sectors of the Iranian economy that are permitted under Section 1(a)(i) of Executive Order (EO) 13902. Treasury targeted broader activities related to trade in Iranian oil and petrochemicals. 'EO 13902 authorizes the identification and imposition of sanctions against key sectors of Iran's economy to prevent the Iranian government from providing financial resources that could be used to fund and support its nuclear program, missile development, terrorism and terrorist proxy networks,…
Volkswagen ID.4 door handle recall expanded
Volkswagen is recalling 120,000 ID.4 SUVs because their doors could open unexpectedly while driving. September 10, 2024 — The Volkswagen ID.4 door handle recall has been expanded to 120,000 SUVs, whose doors may open suddenly without warning. You can use your imagination to imagine what would happen if a door suddenly opened while you were on the highway or turning a corner. All previously recalled ID.4 SUVs need to be returned to dealers for repairs. The recalled 2021 to 2024 ID.4 vehicles are equipped with door handles that may allow water to enter the circuit board assembly. Volkswagen said that water seeping into the door handle will cause the ID.4 door lock to issue an "open command." Volkswagen learned of the door handle complaints in February after the supplier reportedly fixed the problem. Volkswagen determined that water had seeped into the door handles and corroded the parts. NHTSA worked with Volkswagen on ID.4 door handle complaints after the supplier confirmed…
Export Control Reform: Responding to Expanded Exports
On July 29, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) proposed a series of transformative new rules designed to strengthen controls under the Export Administration Regulations (EAR) related to military, intelligence, and security activities. These proposed changes will impact how companies manage exports and interact with end-users, expanding restrictions to cover a wider range of activities and entities. These proposed changes further the U.S. government’s policy goal of using export control regulations to protect human rights around the world. The proposed rule expands controls on the activities of U.S. persons, strengthens end-use and end-user restrictions, and adds a definition of a specific ECCN for facial recognition software. BIS and the Directorate of Defense Trade Controls (DDTC) are seeking public comments on the proposed rule until September 27, 2024. Below is a detailed description of what these proposed changes are and how they might affect your business. Key Takeaways Expanded end-use and end-user control: The proposed…
Explore the latest exhibition information and industry trends at ASAP Expo Magazine. Your one-stop platform, bringing together global exhibition highlights, industry trends and in-depth analysis, to help companies accurately connect with the market and seize business opportunities.
