Production & Industry news

• Newmont Mining Sets 2019 Capital Guidance at $1.07 Billion

  11-12-2018 08:40
  SUGAR LAND--December 11, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Global gold mining firm Newmont Mining Corporation (NYSE:NEM) (Denver, Colorado) is planning $1.07 billion in capital expenditures for 2019, down by as much as $230 million from expenditures in 2018, the company said in a guidance presentation on December 6. Attributable gold production is expected to be 5.2 million ounces next year, compared with this year's estimate of 4.9-5.2 million ounces.Within this
  
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• Georgia Power Gets OK for New Resources to Meet Demand

  24-04-2024 08:55
  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
  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
  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
  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
  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
  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
  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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• TotalEnergies Green Lights the Middle East's First LNG Bunkering Hub

  24-04-2024 07:17
  April 24, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The first bunkering hub in the Middle East for liquefied natural gas (LNG) will have a low carbon footprint, thanks in part to the use of solar power, TotalEnergies SE (NYSE:TTE) (Courbevoie, France) said Monday.
  
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• From Farms to Forks: Exploring Meat Processing Investment Surge

  24-04-2024 07:14
  NEW DELHI--April 23, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--In recent years, veganism has gained traction, with a significant number of people adopting plant-based lifestyles. For instance, in the United Kingdom alone, more than 1 million individuals adopted veganism last year. Countries like India, Mexico, Poland, Israel and Canada continue to witness the highest percentage of vegans in the world.
  However, despite the increasing popularity of veganism globally, there
  
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• IEA Projects Another Record Year of Global Electric Vehicle Sales

  23-04-2024 08:56
  April 23, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Worldwide electric vehicle (EV) sales could reach a record of around 17 million units this year, which would be an increase of approximately 21% over 2023's record sales level of about 14 million units, according to a new report from the International Energy Agency (IEA) (Paris, France). EV purchases in 2023 were highly concentrated in China (60%), Europe (25%) and the U.S. (10%), the agency said. China is ex
  
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• Port of Houston Lays Down Greener Shoots

  23-04-2024 08:50
  April 23, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Amid a rise in trade activity during the first quarter of the year, authorities at the Port of Houston said electrifying some operations could help lower the environmental footprint of the facility's many terminals.
  
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• ADM Tees Up Expansions of Ethanol, Decarbonization Efforts

  23-04-2024 08:50
  Researched by Industrial Info Resources (Sugar Land, Texas)--Despite a recent food-product recall and a string of accidents at one of its largest facilities, Archer Daniels Midland Company (NYSE:ADM) (Chicago, Illinois) is pushing forward with a series of developments that are designed to bolster its already-strong status in the corn, soybean and ethanol markets.Industrial Info is tracking more than $1.1 billion worth of active and planned projects from ADM, more than half of which is attributed
  
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• Data Center Activity Propels Virginia to $12.7 Billion of Projects Under Construction

  23-04-2024 08:45
  April 23, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking more than $12.7 billion worth of industrial projects under construction in Virginia. While the state is seeing activity across most industrial sectors, the data center segment accounts for nearly half of this spending, coming in at more than $6 billion. The state also is seeing development in its solar-power and pharmaceutical markets.
  
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• TotalEnergies, Denmark Offshore Wind Tender: Your Daily Energy News

  23-04-2024 08:35
  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:TotalEnergies SE (NYSE:TTE)
  
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• Mexico Expropriates Air Liquide's Hydrogen Plant at Tula Refinery

  23-04-2024 08:35
  April 23, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Mexico's federal government recently issued a decree declaring the hydrogen plant at Air Liquide's Tula Refinery a public good, given its role in fuel production, and expropriating the asset.The plant, situated in the refinery's waste hydrodesulfurization complex, can produce up to 2.1 million cubic meters of hydrogen per day, at a high purity of 99.9% mol. The plant's products are instrumental in the prod
  
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• Canada's Wildfire Season Already Threatens Oil-Rich Areas

  23-04-2024 08:35
  April 23, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Canadian wildfire season is under way in earnest, with evacuation alerts in oil-rich Alberta targeting an area that has experience with multi-million-dollar disasters.
  
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• Europe To Investigate 'Cheap' Chinese Windfarm Projects

  23-04-2024 08:11
  GALWAY, IRELAND--April 23, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Europe is to launch a probe into suspected illegal subsidies provided to Chinese wind turbine producers by its government as the European wind sector suffers against cheap imports.
  Within this article: Details EU probe into alleged unfair support to Chinese windfarm companies operating in Europe, impact, reaction, related investgations
  
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• China's Air Conditioner and Refrigerator Output Increases Steadily

  23-04-2024 07:40
  BEIJING--April 23, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--According to data from the National Bureau of Statistics in China, in March 2024, China's air conditioner output was 30.833 million units, showing year-on-year growth of 13.2%. Industrial Info is tracking more than US$1 billion worth of refrigerator and air conditioner projects in China.
  
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• El gobierno mexicano expropia la planta de hidrógeno de Air Liquide en la refinería de Tula

  23-04-2024 07:12
  23 de abril, 2024--Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--El Gobierno nacional emitió un decreto declarando de utilidad pública la planta de hidrógeno de Tula, dada su importancia para la producción de combustibles, y expropiando así el activo.
  
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• China's Power Battery Production Continues to Grow

  23-04-2024 07:04
  BEIJING--April 23, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--According to the China Automotive Power Battery Industry Innovation Alliance, in March, the total output of power and other batteries in China was 75.8 gigawatt-hours (GWh), an increase of 73.8% from the previous month and a year-on-year increase of 39.8%. From January to March, the total cumulative production of power and other batteries in China was 184.6 GWh, a cumulative increase of 33.5%.Industrial Info is
  
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• Permian Frac Sand Miner Eyes Return After Texas Fire

  22-04-2024 08:55
  April 22, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Atlas Energy Solutions, a provider of frac sand for the shale industry, said its mining facility in Kermit, Texas, will resume operations this week, days after a blaze shuttered the site.
  
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• BHP Updates Progress on Major Canadian Potash-Mining Project

  22-04-2024 08:55
  April 22, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The US$5.7 billion (C$7.5 billion) first phase (Stage 1) of BHP Group Limited's (Melbourne, Australia) Jansen potash-mining project in Saskatchewan, Alberta is now 44% complete, the company said last week, with first production expected in late 2026. The US$4.9 billion (C$6.4 billion) second phase (Stage 2) is under development and the target date for the first production is 2029.
  
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• Biden Administration Restricts Oil & Gas Leasing in Alaska's Petroleum Reserve

  22-04-2024 08:50
  Researched by Industrial Info Resources (Sugar Land, Texas)--The Biden administration said Friday it will restrict about 13.3 million acres of the National Petroleum Reserve in Alaska (NPR-A) from new oil and gas leasing. The move is aimed at protecting native communities and wildlife in the region, said the Department of the Interior, but oil and gas interest groups and Republican lawmakers decried the action as wrong-headed.
  
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• U.S. Reimposes Oil Sanctions on Venezuela

  22-04-2024 08:45
  April 22, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Washington has reimposed sanctions on Caracas, amid political tensions ahead of Venezuela's presidential elections and increasing uncertainty surrounding the South American nation's oil and gas projects.The U.S. announced it would not renew the sanction relief license that allowed Venezuela to export oil to international markets. But the new measures are more relaxed than those of 2019, offering an opportu
  
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• Pharma Company Zoetis Signs PPA with Scout Clean Energy to Support Growing U.S. Footprint

  22-04-2024 08:35
  April 22, 2024-- Researched by Industrial Info Resources (Sugar Land, Texas)--Pharmaceutical and biotech companies have some of the greenest credentials in the industrial world, and Fortune 500 animal medicines producer Zoetis Incorporated (NYSE:ZTS) (Parsippany, New Jersey) is one of the latest in the pharma-biotech sector to achieve a cleaner environmental profile through a power purchase agreement (PPA) with Scout Clean Energy (Boulder, Colorado) for some of the output from a Texas windfarm.
  
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• Jet Fuel Demand, SLB Earnings: Your Daily Energy News

  22-04-2024 08:35
  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:SLB (NYSE:SLB)
  
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• Norway's Oil and Gas Production Beats Forecasts

  22-04-2024 08:30
  April 22, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Norwegian production figures show offshore production is accelerating, with both gas and oil output levels beating government forecasts.The Norwegian Offshore Directorate (NOD), the nation's energy regulator, on Friday published offshore production data for March. Data show production averaged 1.84 million barrels per day (BBL/d) in oil and another 12.8 billion cubic feet (Bcf/d) per day in natural gas.
  
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• Portugal Battery Gigafactory Gets Green Light

  22-04-2024 08:11
  GALWAY, IRELAND--April 22, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--A US$2 billion project to locate a massive lithium-ion battery gigafactory in Portugal has been given the environmental green light.
  Within this article: Details environmental go ahead for US$2 billion battery plant in Portugal, timeline, capacity, related projects
  
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• Global Shipbuilding Projects See Wave of Investments

  22-04-2024 07:52
  NEW DELHI--April 22, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The shipbuilding industry plays a vital role in global logistics and involves the construction of various types of ships such as cruise ships, cargo ships, tankers and naval vessels. Despite facing a slump in global shipbuilding orders due to economic slowdown and a downsizing ship-financing market in past years, rising seaborne trade, economic growth and increasing oil consumption have been driving the deman
  
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