Production & Industry news

• Crude Oil Pelletizing Technology, Could it Work and Do We Need It?

  14-09-2017 08:50 via industrialinfo.com
  SUGAR LAND--September 14, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--A new technology being developed by the University of Calgary aims to prevent oil spills by making heavy Canadian crude oil into easy-to-transport pellets that would ostensibly be easier to clean up and perhaps prevent oil spills from pipelines. Transporting these pellets would instead be the job of Canada's huge crude-by-rail system, which would carry them in coal cars. As with any new technology, the q
  
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• Lower Commodity Prices Hurt First-Quarter Earnings for Integrated Supermajors

  08-05-2024 08:56 via industrialinfo.com
  
  May 8, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--First-quarter earnings declined at four large integrated supermajor oil companies--Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas), Chevron Corporation (NYSE:CVX) (San Ramon, California), Shell plc (NYSE:SHEL) (London, England) and BP plc (NYSE:BP) (London)--as relatively soft prices for oil and gas combined with lower refined product margins dragged down profits.
  
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• Jacobs Builds Role in Semiconductors, Healthcare as Changes Loom

  08-05-2024 08:55 via industrialinfo.com
  
  May 8, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Engineering, procurement and construction (EPC) titan Jacobs Solutions Incorporated (NYSE:J) (Dallas, Texas) is preparing for a major shift in its operations as it works on a slew of projects in the semiconductor and healthcare markets, toward which it is turning its focus. The company's backlog increasingly reflects these new priorities as it moves away from contracted work in the oil & gas and chemical-processing mar
  
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• TC Energy Continues Growth Projects Amid Uptick in Natural Gas Deliveries

  08-05-2024 08:50 via industrialinfo.com
  
  May 8, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--TC Energy Corporation (NYSE:TRP) (Calgary, Alberta) recently reported a boost in natural gas deliveries in the first quarter, as the company moves ahead with its growth projects. Industrial Info is tracking US$11 billion worth of active and planned projects from TC Energy, more than US$6 billion of which is nearing or under construction.
  
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• BOEM Reviews Safer Proposal for Offshore Wind Foundations

  08-05-2024 08:50 via industrialinfo.com
  
  May 8, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--An alternative type of foundation for offshore windfarms that avoids pile-driving, a technique that can be disruptive to marine mammals, appears safe to use, the U.S. federal government said.The U.S. Bureau of Ocean Energy Management (BOEM), part of the Interior Department, said Monday that it finished its review of so-called suction bucket foundations proposed for the Beacon Windfarm's lease area off the c
  
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• Cypress Creek Renewables Completes Texas Solar & Storage Plant

  08-05-2024 08:45 via industrialinfo.com
  
  May 8, 2024-- Researched by Industrial Info Resources (Sugar Land, Texas)--Cypress Creek Renewables LLC (Durham, North Carolina) is the latest to complete one of the numerous renewable energy projects underway in Texas.The company's Zier solar and energy storage project in Brackettville, Texas, was recently completed and has begun commercial operations.
  
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• Statkraft Builds Out Solar Capacity at Brazil's Sol de Brotas

  08-05-2024 08:40 via industrialinfo.com
  
  May 8, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Statkraft Energy AS (Oslo, Norway) is establishing its first solar plant in Brazil, strengthening its foothold in the South American country's energy sector.Statkraft plans to invest 926 million reals (about US$181 million) to build the Sol de Brotas complex in Bahia, northern Brazil, a solar power complex with a 275-megawatt peak (MWp) capacity. The project aims to transform the Ventos de Santa Eugenia and M
  
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• ALLETTE Goes Private, Sempra's Lower Earnings: Your Daily Energy News

  08-05-2024 08:35 via industrialinfo.com
  
  We have handpicked and summarized a selection of energy-related news stories that we think will interest clients of Industrial Info and IIR Energy.Companies featured:ALLETTE Incorporated (NYSE:ALE), Sempra Energy (NYSE:SRE)
  
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• European Offshore Wind Tenders Face Choppy Seas

  08-05-2024 08:04 via industrialinfo.com
  
  GALWAY, IRELAND--May 8, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Offshore wind may be the main driver for Europe achieving its shift to renewable energy but it's not all plain sailing as recent offshore wind tenders in a number of countries show.
  Within this article: Details mixed fortunes for offshore windfarm plans in Lithuania and Denmark, key challenges to the sector, leading European countries for offshore wind development
  
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• MENA Region's Dairy Industry Set to Boom through 2029

  08-05-2024 07:45 via industrialinfo.com
  
  NEW DELHI--May 8, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Countries across the Middle East and North Africa region (MENA) are pursuing improved conditions for food security--particularly dairy projects, which are driven by younger demographics and increased health-consciousness. Plant-based dairy products also are expected to see higher demand in the region.
  
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• Sinopec Qilu Petrochemical to Spend US$1.03 Billion on Refining Projects

  08-05-2024 07:09 via industrialinfo.com
  
  BEIJING--May 8, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Sinopec Qilu Petrochemical Company Limited (Zibo, China) is a large refining, chemical fertilizer and chemical fiber manufacturer. It will spend US$1.03 billion on eight refining projects such as an expansion, unit upgrades, unit maintenance, etc.
  
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• Asia Home to Surge in MTBE Project Investments

  08-05-2024 07:05 via industrialinfo.com
  
  NEW DELHI--May 8, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--A vital part of the petrochemical industry, methyl tert-butyl ether (MTBE) is a flammable and volatile organic compound that is produced in chemical plants and refineries by reacting methanol and isobutylene. Mainly used as a fuel additive, MTBE is blended with gasoline to enhance knock resistance and octane ratings in gasoline engines, preventing premature ignition and high vehicle performance. Owing to the nee
  
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• Join IIR for a Webinar on the Outlook for the Chemical Processing Industry

  07-05-2024 08:56 via industrialinfo.com
  
  May 7, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is pleased to be presenting a complimentary webinar on the spending outlook for the global Chemical Processing Industry on Wednesday, May 8, at 10 a.m. CDT (11 a.m. EDT). Join our industry experts as they explore the trends and market drivers seen in this dynamic industry.
  
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• Low Prices Drag Down Earnings at Four Large Gas-Oriented Drillers

  07-05-2024 08:55 via industrialinfo.com
  
  May 7, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Low first-quarter natural gas prices punished profits at four large U.S. gas-oriented independent oil and gas producers: EQT Corporation (NYSE:EQT) (Pittsburgh, Pennsylvania), Range Resources Corporation (NYSE:RRC) (Fort Worth, Texas), Antero Resources Corporation (NYSE:AR) (Denver, Colorado) and Coterra Energy Incorporated (NYSE:CTRA) (Houston, Texas).During the just-completed quarter, spot natural gas prices a
  
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• Rivian Lands $827 Million in Illinois Incentives to Expand Auto Plant

  07-05-2024 08:50 via industrialinfo.com
  
  May 7, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Electric vehicle manufacturer Rivian Automotive Incorporated (Irvine, California) has received state funding to expand a plant in Illinois, where Industrial Info is tracking $39 billion worth of active and planned capital-spending Industrial Manufacturing Industry projects.
  
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• Nippon Steel Postpones U.S. Steel Acquisition

  07-05-2024 08:45 via industrialinfo.com
  
  Researched by Industrial Info Resources (Sugar Land, Texas)--Nippon Steel Corporation (Tokyo, Japan) said last week it was delaying the close of its $14.9 billion acquisition of United States Steel Corporation (NYSE:X) (U.S. Steel) (Pittsburgh, Pennsylvania) by three months after the U.S. Department of Justice requested more information and documents on the deal.
  
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• Maersk Avoiding Red Sea for Foreseeable Future

  07-05-2024 08:40 via industrialinfo.com
  
  May 7, 2024-- Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)-- Shipping giant Maersk (Copenhangen Denmark) said it is rerouting around the Cape of Good Hope for the foreseeable future to avoid conflict in the Red Sea, where Iranian-backed forces are targeting the maritime industry.
  Maersk said Monday that the complexity of the situation in the Red Sea is evolving and expanding, with attacks moving further and further offshore.
  
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• Financial Boost for First French Small Nuclear Project

  07-05-2024 08:01 via industrialinfo.com
  
  GALWAY, IRELAND--May 7, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--The European Commission (EC) has approved a 300 million euro (US$321 million) award by the French government to support the development of its first small modular reactor (SMR) project by state-owned Electricite de France (EDF) (Paris, France).Within this article: Details financial boost for first French small modular reactor (SMR) project at Le Havre, technology, capacity, timeline
  
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• Pan American Silver Sells Peruvian Gold Mine to Zijin Mining

  07-05-2024 07:55 via industrialinfo.com
  
  May 7, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Pan American Silver (NYSE:PAAS) (Vancouver, British Columbia) has sold all its interest in the La Arena gold mine and La Arena II project to Jinteng Mining, a subsidiary of Zijin Mining Group (Longyan, China), for US$245 million and a contingent payment of US$50 million, Pan American announced on May 1.
  
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• Strong Response for Latest North Sea Drilling Auction

  07-05-2024 07:03 via industrialinfo.com
  
  May 7, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--More than 600 million barrels of oil equivalent could come from the licenses awarded for oil and gas drilling in the North Sea, the United Kingdom's government said.The North Sea Transition Authority (NSTA), formerly the Oil and Gas Authority, closed its 33rd oil and gas licensing round last week, seeing bids come in from 76 different companies.
  
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• Changing Consumer Habits Impacting Soft Drinks Market

  07-05-2024 07:02 via industrialinfo.com
  
  NEW DELHI--May 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--A growing focus on health and wellness has impacted the soft drinks market around the world. As consumers prioritize their well-being, the search for healthier alternatives with clean labels and high nutrition content is an ongoing trend, driving notable changes in product development and marketing strategies in the global beverage industry.
  
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• Targa Nears Major Capacity Expansions at Permian, Mont Belvieu

  06-05-2024 08:55 via industrialinfo.com
  
  May 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Targa Resources Corporation (NYSE:TRGP) (Houston, Texas) transported and processed a record amount of natural gas from the Permian Basin in the first quarter, and is preparing to expand its pipeline system in the shale play, as well as its processing capacity at its Mont Belvieu complex, to accommodate what is expected to be an historic growth in demand for natural gas and liquefied natural gas (LNG) exports.Industrial Inf
  
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• SLB to Help Dust Off Canadian, Norwegian Projects

  06-05-2024 08:50 via industrialinfo.com
  
  May 6, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--A group of upstream services firms, led by SLB (NYSE:SLB) (Houston, Texas), said it signed long-term agreements to help develop prospective reserves in the Barents Sea and in the Atlantic waters off Canada.SLB, formerly Schlumberger, said it signed a long-term collaboration agreement with Norwegian energy company Equinor (NYSE:EQNR) (Stavanger, Norway) and the Subsea Integration Alliance, a group made up of
  
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• Cheniere Unfazed by Weak Q1 Performance

  06-05-2024 08:50 via industrialinfo.com
  
  May 6, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Market dynamics are doing little to disincentivize the liquefied natural gas (LNG) sector, with U.S.-based Cheniere Energy Incorporated (NYSE:LNG) (Houston, Texas) the latest to commit to expanding its export potential.
  
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• California Reaches 10,000 MW of Battery-Storage Capacity

  06-05-2024 08:50 via industrialinfo.com
  
  May 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--California Governor Gavin Newsom (D) said last month that the state surpassed 10,000 megawatts (MW) of installed battery-storage capacity, an increase of 1,250% from 770 MW in 2019. California aims for clean energy to make up 100% of its power-generation mix by 2045, and Industrial Info is tracking more than $2 billion worth of battery-storage projects under construction across the state.
  
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• G7 Nations Call for Sixfold Increase in Energy Storage

  06-05-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--May 6, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--The Group of Seven major industrialized economies-the G7-have agreed to boost global energy storage capacity by more than 600% in the coming six years.
  Within this article: Details forthcoming global agreement on boosting energy storage sixfold, in particular battery energy storage systems (BESS). Current state of market, rapid growth, key factors
  
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• Japan Hosts $273 Million in Cosmetic-Related Pharma Projects

  06-05-2024 07:30 via industrialinfo.com
  
  KOFU, JAPAN--May 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking 19 capital-spending projects within Japan's Pharmaceutical & Biotech Industry geared toward perfumes, cosmetics and other toiletries, totaling more than US$340 million in investment value.
  
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• Africa Home to Three Green Hydrogen Umbrella Projects

  06-05-2024 07:02 via industrialinfo.com
  
  NEW DELHI--May 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The Sub-Saharan African countries Angola, Kenya and Uganda currently are working to establish green fertilizer units along with green hydrogen and green ammonia units. Although they are in the planning stage, related projects are aimed at constructing units to produce green nitrogenous fertilizers such as NPK (nitrogen, phosphorus and potassium), ammonium nitrate--to further produce CAN (calcium ammonium nitrate
  
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• MDU Reaps Profits from Busy Natural Gas Pipeline, T&D Systems

  03-05-2024 08:55 via industrialinfo.com
  May 3, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Energy services provider MDU Resources Group Incorporated (NYSE:MDU) (Bismarck, North Dakota) enjoyed strong results in its regulated pipeline business during the first quarter, complemented by higher retail sales volumes for electricity and natural gas. The company is building out many of its busiest pipeline and transmission & distribution (T&D) systems.Industrial Info is tracking about $1.3 billion worth of acti
  
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• Tellurian Insists Driftwood LNG Facility Will Move Forward

  03-05-2024 08:50 via industrialinfo.com
  May 3, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Amid regulatory uncertainty and environmental concerns, liquefied natural gas (LNG) developer Tellurian Incorporated (Houston, Texas) said it was "laser-focused" on bringing its proposed Driftwood export facility to a final investment decision.In 2022, Tellurian secured the permits necessary for the start of construction at the $15.5 billion Driftwood facility planned for Lake Charles, Louisiana. Phase I wi
  
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