Production & Industry news

• Daily News Energy Headlines from September 11, 2017

  12-09-2017 08:00 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:Goldman Sachs (NYSE:GS), BP plc (NYSE:BP)
  
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• Africa Poised to Become Critical Minerals Powerhouse

  26-04-2024 12:01 via industrialinfo.com
  GALWAY, IRELAND--April 25, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--As global demand for critical minerals surges, sub-Saharan Africa has the potential to reap up to US$2 trillion dollars in the coming decades.
  Within this article: Details sub-Saharan Africa's critical minerals potential, value, capacity, current state, processing opportunities and roadblocks
  
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• EPA Issues Rules That Could Reshape Electric Generation

  26-04-2024 08:56 via industrialinfo.com
  April 26, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The U.S. Environmental Protection Agency (EPA) (Washington, D.C.) released four finalized rules Thursday that could fundamentally revamp U.S. electricity generation by sharply reducing allowable emissions from existing coal-fired power plants as well as future gas-fired generators. A separate rule, covering emissions from existing gas-fired generators, is expected later this year.
  
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• Valero Upbeat on Refining Margins, Mexico's Export Potential

  26-04-2024 08:55 via industrialinfo.com
  April 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Thanks to a tight crude-oil supply at the start of 2024, Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) was able to mitigate the effects of heavier-than-average planned maintenance during the first quarter of 2024. Strong refining margins--which resulted partly from global shocks, such as weaker Russian refining capacity due to Ukrainian drone attacks--are allowing refining majors like Valero to keep their nu
  
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• TotalEnergies, Vanguard Form RNG Joint Venture

  26-04-2024 08:50 via industrialinfo.com
  April 26, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--French supermajor TotalEnergies SE (NYSE:TTE) (Courbevoie, France) said it reached a joint venture agreement to produce more than 2 billion cubic feet of renewable natural gas per year from U.S. farm operations.TotalEnergies announced Wednesday that it signed an agreement with renewable natural gas (RNG) company Vanguard Renewables (Weston, Massachusetts) to develop, build and operate 10 new projects tha
  
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• NextEra Further Develops Renewable-Generation Portfolio

  26-04-2024 08:50 via industrialinfo.com
  April 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida), which is composed of its Florida Power & Light (FPL) electric utility and its NextEra Energy Resources (NEER) merchant clean energy business, recently updated its progress toward developing renewable generation and discussed its planned capital expenditures (capex).
  
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• Miner BHP Makes Bid for Rival Anglo American in Mining Shakeup

  26-04-2024 08:45 via industrialinfo.com
  April 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Australian mining giant BHP Group (NYSE:BHP) (Melbourne) has made an unsolicited bid of US$38.8 billion for U.K.-based miner Anglo American plc (London) in a move that could shake up the mining world. Anglo American says it is considering the bid, which, if successful, would create the world's biggest copper miner. If it goes through, the deal would result in the merger of more than US$45 billion worth of active project
  
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• Boeing Wary of Cost Future for SAF

  26-04-2024 08:40 via industrialinfo.com
  April 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Sustainable aviation fuel (SAF) is unlikely to reach cost parity with conventional jet fuel any time soon, the head of sustainability at troubled airplane manufacturer The Boeing Company (NYSE:BA) (Arlington, Virginia) said.
  
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• GE Vernova, Equinor: Your Daily Energy News

  26-04-2024 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:GE Vernova (NYSE:GEV), Equinor (NYSE:EQNR)
  
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• MidOcean Energy Acquires 20% Interest in Peru LNG Project

  26-04-2024 08:30 via industrialinfo.com
  April 26, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--MidOcean Energy announced this week that it has acquired SK Earthon's 20% interest in Peru LNG, the first liquefied natural gas export facility in South America. Hunt Oil currently operates the export terminal, which is located in Pampa Melchorita on the Peruvian Pacific coast.
  
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• India's Paper Imports Soar

  26-04-2024 07:57 via industrialinfo.com
  NEW DELHI--April 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The Indian Paper Manufacturers Association reported that from the start of the second quarter through the fourth quarter of 2023 India's paper and paperboard imports increased 37%, an approximate figure of 1.47 million metrictons.
  
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• Aramco to Acquire Major Stake in China's Petrochemical Giant Hengli

  26-04-2024 07:50 via industrialinfo.com
  BEIJING--April 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Saudi Aramco (Dhahran, Saudi Arabia) recently signed a memorandum of understanding (MOU) to acquire a 10% share stake in Chinese petrochemical major Hengli Petrochemical from its parent Hengli Group (Suzhou, China).
  
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• Rough Road Ahead for Diamond Mining

  26-04-2024 07:03 via industrialinfo.com
  NEW DELHI--April 26, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--For centuries, diamonds have remained one of the most exquisite gems, finding applications in jewelry, biomedical research, audio equipment and industrial applications such as cutting and polishing. Diamonds are generally extracted and mined via four processes: open-pit mining, underground mining, marine diamond mining and alluvial mining.Industrial Info tracking 76 active capital-spending projects, worth mor
  
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• Data Centers, Oil & Gas Industry to Drive Surge in Texas Electricity Demand

  25-04-2024 08:55 via industrialinfo.com
  April 25, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The Texas electric grid operator is expecting "tremendous electric demand growth" over the next five to seven years, driven mainly by data centers, oil and gas operations, other new businesses and new residents, Pablo Vegas, president and chief executive of the Electric Reliability Council of Texas (ERCOT) (Austin, Texas), told the agency's board of directors this week. The surge in future demand could be abo
  
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• Signs of Life at Freeport LNG Export Terminal

  25-04-2024 08:50 via industrialinfo.com
  April 25, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--A vessel partially laden with liquefied natural gas (LNG) left the Freeport LNG export terminal in Texas on Tuesday, the first such shipment in nearly two weeks, vessel tracking data show.
  
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• ENGIE Deal Bolsters Big-Ticket Solar, Wind Projects Across U.S.

  25-04-2024 08:50 via industrialinfo.com
  April 25, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--ENGIE North America, a subsidiary of ENGIE S.A. (Paris, France), took a big step forward this week on a series of recently commissioned renewable projects in the U.S. when it wrapped up more than $1 billion of tax equity financing through separate agreements with JPMorgan Chase & Company (NYSE:JPM) (New York, New York), Goldman Sachs Group Incorporated (NYSE:GS) (New York, New York) and BNP Paribas S.A. (Paris, Fran
  
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• U.S. Rare Earth Magnet Projects Support New Technologies

  25-04-2024 08:45 via industrialinfo.com
  April 25, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Magnets created from rare earth elements such as neodymium and samarium show exceptional strength when compared to ordinary magnets. As the strongest type of magnet available commercially, rare earth magnets are employed in applications where strong magnetic fields are required. These are increasingly used for greener sectors, such as the wind power and electric vehicle (EV) sectors, but also include other segments such
  
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• Gas Producer Range Resources Upbeat Despite Weak Market

  25-04-2024 08:35 via industrialinfo.com
  April 25, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Though pointing to static volumes for the year, Range Resources Corporation (NYSE:RRC) (Fort Worth, Texas), one of the larger U.S. shale producers, said it would be able to weather a storm brought on by lower natural gas prices.
  
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• EQT Extends Production Curbs, Entergy: Your Daily Energy News

  25-04-2024 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:EQT Corporation (NYSE:EQT)
  
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• Brazil's Petrobras Begins Maintenance at Capuava Refinery

  25-04-2024 08:30 via industrialinfo.com
  April 25, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Brazilian energy company Petrobras began a scheduled turnaround on April 20 of its 63,000 barrel-per-day (BBL/d) Capuava refinery in Maua, Sao Paulo state. The maintenance represents an investment of 160 million reals (US$30.8 million), and is aimed at increasing the efficiency of current processes. The turnaround will take about 25 days.
  
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• Petrobras inicia trabajos de mantenimiento programados en su Refinería de Capuava (RECAP)

  25-04-2024 07:51 via industrialinfo.com
  25 de abril, 2024--Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--Petrobras, la compañía petrolera brasileña, inició el 20 de abril la reparación programada de su refinería Capuava de 63.000 barriles de petróleo por día (bpd) en Maua, estado de Sao Paulo. Los trabajos de mantenimiento representarán inversiones de 160 millones de reales (30,8 millones de dólares), con el objetivo de aumentar la efi
  
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• Oman's Steel Producers Turn to Green Growth Strategy

  25-04-2024 07:40 via industrialinfo.com
  NEW DELHI--April 25, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--In a strategic move toward long-term sustainable development, Oman is developing several wide-ranging initiatives aimed at building a "greener" economic model for the future. The Middle Eastern nation is aiming for net-zero emissions by 2050.
  
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• Middle East Plans to Spend More than $6 Billion on Waste and Plastic Recycling

  25-04-2024 07:02 via industrialinfo.com
  NEW DELHI--April 25, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Chemical recycling is still quite nascent in the Middle East despite being one of the largest manufacturers of polymer resins in the world, with steady growth in demand from the local consumer goods market and easy access to key raw materials. Some encouraging developments could be observed as projects continue to be announced in the region, which is expected to increase the plastics recycling industry and wa
  
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• Georgia Power Gets OK for New Resources to Meet Demand

  24-04-2024 08:55 via industrialinfo.com
  April 24, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Georgia Power Company (Atlanta, Georgia) is still putting the finishing touches on Vogtle Unit 4, but extraordinary electric demand growth that is about 6,200 megawatts (MW) higher than forecast in early 2022 caused the utility to apply to Georgia utility regulators for the right to build and buy a mix of resources that will keep the lights on through the winter of 2030-31.The regulators on April 16 approved
  
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• Plug Power Advances Hydrogen Production

  24-04-2024 08:50 via industrialinfo.com
  April 24, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Plug Power Incorporated (NASDAQ:PLUG) (Latham, New York) said Tuesday two of its hydrogen plants in Georga and Tennessee reached nameplate capacity, while the company expects construction of a joint-venture hydrogen plant in Louisiana will reach mechanical completion later this year.
  
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• Halliburton Posts Strong Returns, but North America Is a Dark Cloud

  24-04-2024 08:40 via industrialinfo.com
  April 24, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Upstream services firm Halliburton Company (NYSE:HAL) (Houston, Texas) said Tuesday that first-quarter revenue was record-setting, but returns from North American operations were down year-on-year because of lower activity in the region.
  
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• EQT Corporation, U.S. Oil & Gas M&A Activity: Your Daily Energy News

  24-04-2024 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:Diamondback Energy Incorporated (NASDAQ:FANG), EQT Corporation (NYSE:EQT)
  
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• Romania Backs First Offshore Wind Bill

  24-04-2024 08:11 via industrialinfo.com
  GALWAY, IRELAND--April 24, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Romania is pushing ahead with ambitious offshore wind energy and small modular reactor (SMR) plans with major announcements in each sector.
  Within this article: Details government backing for first offshore wind plan, proposed targets, next steps, small modular reactor plans advance
  
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• China Invests in Compressed Air Energy Storage

  24-04-2024 07:48 via industrialinfo.com
  NEW DELHI--April 24, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--With solar and wind energy relying on storage facilities due to their intermittent nature, China is already making considerable investments in storage solutions such as battery energy storage systems (BESS). At the same, to further diversify the development of its energy storage sector, China is also significantly investing in compressed air energy storage technology.
  
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• Samsung Biologics Constructing ADC Plant in South Korea

  24-04-2024 07:39 via industrialinfo.com
  KOFU, JAPAN--April 24, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Samsung Biologics (Songdo, South Korea) is constructing an antibody and drug conjugates (ADC) contract development and manufacturing organization (CDMO) plant in Yeonsu-gu, South Korea.
  
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