Production & Industry news

• U.S. Terminal Industry Set for More than 200 Maintenance Projects in Second Quarter

  12-04-2019 08:50 via industrialinfo.com
  SUGAR LAND--April 12, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. is seeing a renewed emphasis on terminal capacity, particularly in the Oil & Gas Industry, where increasing production is driving demand for new storage facilities in high-activity areas like the Permian Basin and the Gulf Coast. Every new unit will require regular maintenance, a boon for engineers and other contractors who cater to industry demand. In second-quarter 2019 alone, 220 maintenance-
  
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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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• ISM: U.S. Manufacturing Activity Falls Back into Contraction Territory

  03-05-2024 08:50 via industrialinfo.com
  May 3, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Manufacturing activity in the U.S. contracted in April, following the first month of expansion in March since September 2022, according to a survey report by the Institute for Supply Management (ISM). However, Timothy Fiore, chair of the ISM's Manufacturing Business Survey Committee, said although demand dipped month-over-month, it still "remains at the early stages of recovery, with continuing signs of improving condition
  
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• Dominion Defends Construction Timeline for Virginia Offshore Windfarm

  03-05-2024 08:50 via industrialinfo.com
  May 3, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Dominion Energy Incorporated (NYSE:D) (Richmond, Virginia)
  said the planned construction of a windfarm off the coast of Virginia is not impacted by recent legal action from environmental advocates.
  Dominion said Wednesday that any suggestion that its Coastal Virginia Offshore Wind (CVOW) would be delayed is "false and grossly misrepresent(s) the facts."
  
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• Biden Administration Finalizes Changes to Environmental Review Law

  03-05-2024 08:50 via industrialinfo.com
  May 3, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Most energy observers would agree that the federal environmental review process is broken, but there are sharp partisan differences about the cure. The Biden administration weighed in with its remedy April 30, a 136-page final rule to "reform, simplify and modernize the federal environmental review process" under the National Environmental Policy Act (NEPA), a bedrock federal environmental rule that was signed i
  
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• Panel Manufacturer First Solar Reports Strong Earnings on U.S. Solar Buildout

  03-05-2024 08:45 via industrialinfo.com
  May 3, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Solar panel manufacturer First Solar Incorporated (NASDAQ:FSLR) (Tempe, Arizona) is reaping the rewards of a strong U.S. solar sector, reporting net income of $236.6 million for the first three months of this year, compared with $42.5 million in the corresponding quarter of last year. While the company's products continue to be used in hundreds of solar power projects throughout the U.S., legislation such as 2022's Inflati
  
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• ExxonMobil-Pioneer Deal, Shell Earnings, Canadian Natural Resources: Your Daily Energy News

  03-05-2024 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:Exxon Mobil Corporation's (NYSE:XOM), Pioneer Natural Resources (NYSE:PXD), Shell plc (NYSE:SHEL), Canadian Natural Resources Limited (NYSE:CNQ)
  
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• Codelco reporta una caída del 9,6% en su producción de cobre el primer trimestre

  03-05-2024 07:53 via industrialinfo.com
  Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--Codelco, el mayor productor de cobre de Chile, produjo 294.773 toneladas de cobre en los primeros tres meses del año, alrededor de un 9,6% menos que durante el mismo período de 2023. Sin embargo, estas cifras están en línea con los planes de la compañía, dijo Codelco en un comunicado. Incluyendo la producción de El Abra y Anglo American Sur, la empresa produjo 319.000 ton
  
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• Japan Sees Demand Surge for Semiconductor Necessities

  03-05-2024 07:45 via industrialinfo.com
  KOFU, JAPAN--May 3, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Semiconductor factories are springing up globally, and Japan is among the countries seeing a ripple effect in other projects catering to the burgeoning sector. Chemical products such as high-purity nitrogen gas, polymers and phosphoric acid are getting renewed attention and are expected to see continued growth in coming years.
  
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• Perenco adquiere la participación de Petrobras en los campos de Cherne y Bagre, en la Cuenca de Campos

  03-05-2024 07:35 via industrialinfo.com
  3 de mayo, 2024--Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--Petrobras, la petrolera brasileña, informó que transferirá a Perenco su participación en los campos petroleros de Cherne y Bagre, en aguas someras de la cuenca de Campos, frente a la costa de Río de Janeiro. La petrolera brasileña recibirá un total de 10 millones de dólares por esta transacción, de los cuales 1 millón ya fue pagado co
  
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• Pemex registró menor utilidad neta en el primer trimestre pero mantuvo ganancias

  03-05-2024 07:13 via industrialinfo.com
  3 de mayo, 2024--Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--Petróleos Mexicanos, conocida como Pemex, reportó una utilidad neta de 4.7 mil millones de pesos mexicanos (alrededor de 275 millones de dólares) en los primeros tres meses del año, en comparación con 56.7 millones de pesos mexicanos (alrededor de 3.3 mil millones de dólares) durante el mismo período en 2023.
  
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• KKR Ready to Add PG&E's Power Plants to List of Acquisitions

  02-05-2024 08:55 via industrialinfo.com
  May 2, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Investment giant KKR & Company Incorporated (NYSE:KKR) (New York, New York) is on the cusp of acquiring a significant stake in PG&E Corporation's (NYSE:PCG) (Oakland, California) fleet of power plants, according to The Wall Street Journal. The deal, which is expected to total between $2 billion and $3 billion, would see the two companies form a partnership called Pacific Generation, 49.9% of which would be held by
  
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• Down-on-Its-Luck Chesapeake Sees Hope in Merger With Southwestern Energy

  02-05-2024 08:55 via industrialinfo.com
  May 2, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Gas-rich energy company Chesapeake Energy (NASDAQ:CHK) (Oklahoma City, Oklahoma) said it believes that the planned $7.4 billion merger with Southwestern Energy (NYSE:SWN) (Houston, Texas) will help deliver the bridge fuels necessary for the energy transition.
  
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• Toyota Invests $1.4 Billion to Further Expand EV Production in the U.S.

  02-05-2024 08:50 via industrialinfo.com
  May 2, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Toyota Motor Corporation (NYSE:TM) (Toyota City, Japan) said last week it plans to invest $1.4 billion to upgrade an assembly plant in Indiana for the production of an all-new electric vehicle (EV). Industrial Info is tracking nearly $16 billion worth of projects from Toyota in the U.S., with most of the spend attributed to EV-related projects.
  
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• North American Lithium Operations on Slow Ascendance

  02-05-2024 08:50 via industrialinfo.com
  May 2, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Piedmont Lithium (NASDAQ:PLL) (Bessemer City, North Carolina) said mining volumes from its North American operations set a record in March, showing the region is catching up in the race for the critical material.Piedmont said it yielded 40,439 dry metric tons of spodumene concentrate in March, a new record for the company. It shipped some 15,000 tons of the material during the first quarter from its North A
  
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• Southern Power Solar Facility in Wyoming Goes Live, PPA in Place

  02-05-2024 08:45 via industrialinfo.com
  May 2, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Southern Power, a subsidiary of Southern Company (NYSE:SO) (Atlanta, Georgia), has begun commercial operations of a solar farm in Wyoming. The plant has a power purchase agreement (PPA) in place with a subsidiary of utilities provider Black Hills Energy (Rapid City, South Dakota), which is pursuing a reduction in its electric utility emissions intensity through acquisitions and its own projects.Other companies featured: Mi
  
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• Shell, Devon Energy: Your Daily Energy News

  02-05-2024 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:Shell plc (NYSE:SHEL), Devon Energy (NYSE:DVN)
  
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• Mexico's Pemex Reports Lower First-Quarter Net Income

  02-05-2024 08:30 via industrialinfo.com
  May 2, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Mexico's national oil and gas company, Petroleos Mexicanos (Pemex) (Mexico City), reported net income of 4.7 billion Mexican pesos (US$275 million) for the first three months of the year, compared with 56.7 million Mexican pesos (US$3.3 billion) during the same period in 2023.
  
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• Cutting Costs, Saving Energy: Insulation Materials Continue to Drive Investments

  02-05-2024 07:52 via industrialinfo.com
  NEW DELHI--May 2, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--With environmental awareness and energy conservation being a focal point more than ever now, the insulation materials market continues to grow worldwide. Rising concerns about energy efficiency, stricter building regulations, and a heightened emphasis on sustainability are all driving demand for insulation materials.Industrial Info is tracking more than 85 projects worth more than US$6 billion aimed at insulatio
  
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• Japan's ENEOS Plans to Start Demolishing Wakayama Refinery Units This Year

  02-05-2024 07:04 via industrialinfo.com
  KOFU, JAPAN--May 2, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--ENEOS Corporation (Tokyo, Japan) is planning to construct a sustainable aviation fuel (SAF) unit in the former Wakayama Refinery, which closed permanently in March.The demolition project will be completed by 2025 and SAF construction will kick off soon; unit operations will start in 2026.
  
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• Truce Declared in Colorado Energy Wars

  01-05-2024 08:50 via industrialinfo.com
  May 1, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)-- A truce has been declared in Colorado's long-running energy wars that for years pitted oil and gas companies against environmental organizations. Like all cessation of hostilities, this one needs to be codified with documents, in this case legislation, which is said to be forthcoming.Governor Jared Polis (D) brokered the deal, which was announced late Monday. The agreement requires Democrats in the state legisl
  
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• Trans Mountain Pipeline Expansion Set to Open May 1

  01-05-2024 08:50 via industrialinfo.com
  May 1, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--Almost 11 years and US$24.9 billion after original owner Kinder Morgan Incorporated (NYSE:KMI) (Houston, Texas) applied to Canada's National Energy Board to build a complement to the original Trans Mountain Pipeline, the Trans Mountain Expansion (TMX) is expected to begin transporting oil to the Westridge Marine Terminal in the Port of Vancouver, British Columbia on May 1. Kinder Morgan submitted its original
  
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• Ioneer Says It's Ready for FID on Rhyolite Ridge

  01-05-2024 08:50 via industrialinfo.com
  May 1, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Lithium mining company Ioneer Limited (Sydney, Australia) said it raised gross proceeds of around $25 million, which the company said means its funded enough to move its Rhyolite Ridge project in Nevada through to a final investment decision (FID).
  The company said Monday that it had received firm commitments to raise $25 million through a placement "to institutional, professional and sophisticated investor
  
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• U.S. Proved Oil, Gas Reserves Set Record

  01-05-2024 08:45 via industrialinfo.com
  May 1, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The U.S. Department of Energy (DOE) has released data showing U.S. proved reserves of oil and gas hit record-high levels in 2022, with Texas the clear standout in terms of oil reserves.
  
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• Hyundai Signs Texas Solar PPA for Georgia Assembly Plants

  01-05-2024 08:45 via industrialinfo.com
  May 1, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Hyundai Motor Company (Seoul, South Korea) is one of the latest companies to sign a power purchase agreement (PPA) for the output from a renewable power plant to offset emissions at facilities that the company is building in Georgia. However, as the Texas solar plant and Hyundai's upcoming plants will occupy two completely separate power grids, critics are wondering how effective long-distance contracts such as Hyundai's a
  
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• ExxonMobil, Enterprise Products, Increased Texas Flaring: Your Daily Energy News

  01-05-2024 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:Exxon Mobil Corporation (NYSE:XOM), Enterprise Products Partners LP (NYSE:EPD)
  
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• Chilean Miner Codelco Reports 9.6% Drop in Q1 Copper Output

  01-05-2024 08:30 via industrialinfo.com
  May 1, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Codelco (Santiago, Chile), Chile's largest copper miner, produced 294,773 tons of copper in the first three months of this year, about 9.6% less than during the same period in 2023. However, these numbers are in line with the company's plans, Codelco said in a statement. Including El Abra and Anglo American Sur's output, the company produced 319,000 tons of copper. Codelco owns a minority stake in both operat
  
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• Investment Trends in Mexico's Automotive Sector for 2024

  01-05-2024 08:13 via industrialinfo.com
  CORDOBA, ARGENTINA--May 1, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Investments in the automotive sector in Mexico for 2024 are aimed at continuous growth, focusing on technological innovation, electric vehicles, and autonomous driving technologies. An increase in infrastructure investment for the manufacturing of batteries and electric propulsion systems is expected, reflecting the country's commitment to the industry and its prominent position in vehicle manufacturing
  
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• Tendencias de Inversión en el Sector Automotriz de México para 2024

  01-05-2024 08:12 via industrialinfo.com
  CORDOBA, ARGENTINA--1 de mayo, 2024--Investigado por Industrial Info Resources (Sugar Land, Texas)--Las inversiones en el sector automotriz en México para 2024 apuntan a un crecimiento continuo, centradas en la innovación tecnológica, vehículos eléctricos y tecnologías de conducción autónoma. Se espera un aumento en la inversión en infraestructura para la fabricación de baterías y sistemas de propulsión elé
  
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