• Michigan Moves Toward 100% Renewable Generation by 2040

    December 1, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Michigan Governor Gretchen Whitmer (D) has signed into law a package of bills that requires the state's power utilities to transition to 100% carbon-free electricity by 2040 and streamlines permitting for utility-scale clean energy projects. Industrial Info is tracking about $28 billion worth of renewable-generation projects in Michigan, including $2.8 billion worth that have a medium-to-high (70% or higher) likelihoo
  • To Ward Off Climate Disaster, IEA Recommends Giving Extra Nudges to the Invisible Hand of the Market

    November 28, 2023--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Could a dramatic shift in government tax policies be used as a club to beat Oil and Gas companies into more actively and rapidly pursuing low- and no-carbon investments? Quadrupling or more the taxes on cigarettes has cut the U.S. rate of adult smoking in half since 2009, estimated the U.S. Centers for Disease Control and Prevention (CDC) (Atlanta, Georgia). Can't the same be done for oil and natural gas?
  • ERCOT Pulls RFP for Emergency Winter Generation, Blackouts Possible in Texas

    November 22, 2023--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The Texas grid operator on November 17 cancelled a request for proposal (RFP) for up to 3,000 megawatts (MW) of generating capacity for the upcoming winter after receiving only 11.1 MW of potential capacity bids. The RFP, issued October 2, was designed to create a bank of additional generation capacity to meet electric demand in case of extreme winter temperatures, such as was the case in Winter Storm Uri
  • Double Vision: Jacobs Ready to Spin Off Government Services

    November 22, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Jacobs Solutions Incorporated (NYSE:J) (Dallas, Texas) plans to strengthen its role in contracted government services by spinning off its related businesses and merging them with Amentum Services Incorporated (Chantilly, Virginia), a rival contractor in the sector. Announcing its results for fiscal-year 2023, in which revenues grew 11% to $4.29 billion, Jacobs said the deal will give it a broader role in industries c
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  • AECOM's Transportation, Energy Projects Fuel Record Backlog

    November 17, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Engineering and design-build firm AECOM (NYSE:ACM) (Los Angeles, California) saw its design-contracted backlog increase 15% in third-quarter 2023 to an all-time high of $21.4 billion, driven by increased investment in infrastructure, sustainability and the energy transition.Industrial Info is tracking nearly $30 billion worth of active projects across the U.S. and Canada featuring AECOM's services, and more than $60
  • Enbridge to Invest in EDF's Ohio Solar Project

    November 16, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Pipeline and energy company Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta) said Wednesday it has entered a 50:50 joint venture with EDF Renewables to "participate in the construction and operation" of an Ohio solar project. EDF Renewables is a subsidiary of Electricite de France (EDF) (Paris, France).
  • Two Days Until IIR's Pharma-Biotech Spending Outlook Webinar!

    November 13, 2023--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 Pharmaceutical-Biotech Industry. The presentation will be held Wednesday, November 15, at 10 a.m. CST (11 a.m. EST) and will be repeated for audiences in Europe and the Asia-Pacific region.
  • Occidental Has High Hopes for Direct Air Capture of Carbon Emissions

    November 10, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Occidental Petroleum Corporation (NYSE:OXY) (Houston, Texas) has gone into direct air capture (DAC) of carbon dioxide (CO2) in a big way.DAC involves technologies to extract CO2 directly from the atmosphere, for direct storage or utilization, according to the International Energy Agency (Paris, France).
    Occidental, traditionally an oil and gas company and chemicals producer, announced Tuesday it landed a major joint
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  • Albemarle Wrestles with Weakening Lithium Trends as Mines Ramp Up

    November 10, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Executives at Albemarle Corporation (NYSE:ALB) (Charlotte, North Carolina) are optimistic about the long-term potential for lithium and its byproducts, but voiced concern about a recent weakness in prices and softening demand for electric vehicles (EVs), a crucial part of the rationale for developing high-value projects to extract and process lithium.Industrial Info is tracking nearly $6 billion worth of active and p
  • Texans Approve Billions in Funding for Natural Gas Power Generation

    November 10, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Texas voters have approved Proposition 7, a constitutional amendment that creates a $10 billion state energy fund (Texas Energy Fund) to provide loans and grants for companies to develop new power generation in the state--including $7.2 billion strictly for natural gas-fired power plants. The fund does not provide any money for clean energy resources, such as wind, solar and battery storage.Industrial Info is trackin
  • GOP Presidential Debate 3 Participants Ready to Unleash U.S. Oil and Gas Resources

    November 10, 2023--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--The five participants in the third Republican presidential debate Wednesday night were not asked any direct questions about oil and gas or the energy transition. But two questions from moderators, one about sanctions on OPEC+ member Venezuela, and the other about making life more affordable for the middle class, drew promises of reopening oil and gas taps as at least part of the solution.
  • West Virginia Sees $7 Billion in Projects Under Construction

    November 10, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--News about the progress of the Mountain Valley natural gas pipeline seems to dominate the headlines regarding West Virginia's industrial project activity, but the state is full of plenty of other projects in various sectors that are under construction. Industrial Info is tracking more than $7 billion worth of projects underway in the state.Companies featured: Equitrans Midstream (NYSE:ETRN), Toyota Motor Corporation
  • Columbia's Ecopetrol Reports Lower Third-Quarter Profits, Higher Hydrocarbon Production

    November 10, 2023--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Ecopetrol (NYSE:EC) (Bogota, Columbia) scored strong hydrocarbon production and refining rates, but lower year-over-year profits, in the third quarter.
  • New Fortress Energy, Petronas: Your Daily Energy News

    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:New Fortress Energy (NASDAQ:NFE)
  • Australian Mining Giant Fortescue Drops $8 Billion Green Energy Hub

    GALWAY, IRELAND--November 10, 2023--Written by Martin Lynch, European News
    Editor for Industrial Info (Galway, Ireland)--Australia's Fortescue Future Industries (FFI) (East Perth, Australia) has pulled the plug on a massive US$8 billion renewable energy project in the west of the country.Within this article: Details cancellation of US$8 billion green energy hub project in western Australia by Fortescue Future Industries, associated projects, reasons, related green energy projects
  • France's First Floating Windfarm Nears Completion

    NEW DELHI--November 10, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Energy major EDF Renouvelables (Paris, France) and Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta) are set to complete France's first offshore windfarm, which will provide 25.2 megawatts (MW) of power and is situated 17 kilometers off Port-Saint-Louis-du-Rhône, near Marseilles, France.
  • Energy Transition Hits Some Inconvenient Economic Trends

    November 9, 2023--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The worldwide energy transition is running into difficult economic realities, two speakers said Tuesday at an energy conference in Oklahoma City, Oklahoma, organized by the Federal Reserve Banks of Kansas City and Dallas. Ken Medlock III, senior director of the Center for Energy Studies at Rice University (Houston, Texas), told conference attendees that China plans to bring on 100 new coal mines by 2026. "T
  • U.S. Power Grid, Military Projects Expand Ameresco's Backlog

    November 9, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Ameresco Incorporated (NYSE:AMRC) (Framingham, Massachusetts), which develops and integrates energy-efficiency and renewable-energy projects in the public and private sectors, reported more than $700 million in newly awarded contracts in the third quarter, hiking its project backlog to a record $3.7 billion. But executives acknowledge lengthening project cycles and supply-chain issues have bedeviled the company this y
  • PPL's Generation Investment Plan for Kentucky Subsidiaries Gets Partial Regulatory Approval

    November 9, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--On Monday, PPL Corporation (NYSE:PPL) (Allentown, Pennsylvania) announced its subsidiaries Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) received approval to retire 600 megawatts (MW) of aging coal generation and more than 50 MW of aging peaking units by 2027 and replace the generation with a cleaner energy mix such as natural gas, solar and battery storage. Although the originally
  • Study: New England to Spend Up to $26 Billion on Power Transmission by 2050

    November 9, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--A study released recently by New England's grid operator, ISO New England (Holyoke, Massachusetts), suggests that the region could spend up to $26 billion on power transmission and distribution (T&D) projects by 2050, to allow for new forms of energy and meet increased power demand. ISO New England covers the states of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont, which corresponds to
  • U.S. Power Use, Winter Power Challenges: Your Daily Energy News

    We have handpicked and summarized a selection of energy-related news stories that we think will interest clients of Industrial Info and IIR Energy.
  • Suriname Follows Guyana's Steps in Development of its Energy Industry

    November 9, 2023--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--On Tuesday, Staatsolie, the Surinamese national energy company, launched a new offshore auction of 11 shallow water blocks in an effort to expand the development of its energy industry.
  • South Korea's SK Energy Plans to Spend $228 Million on Refining Projects

    KOFU, JAPAN--November 9, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--SK Energy Company Limited (Seoul, South Korea), one of South Korea's largest refiners, will spend US$228 million on 30 refining projects such as unit additions, maintenance, revamps and replacements.
  • Direct Air Capture Breathes New Life into Carbon Capture Solutions

    NEW DELHI--November 9, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Amid the rising urgency to address climate change, direct air capture (DAC) technology has emerged as a promising solution in the battle against rising atmospheric carbon levels. In 2022, energy-related carbon emissions reached more than 36.8 billion metric tons, growing by 0.9%, or 321 million metric tons, from 2021.Companies featured: Occidental Petroleum Corporation (NYSE:OXY)
  • Lower Natural Gas Prices Drag Down Earnings for Four Independent Drillers

    SUGAR LAND--November 8, 2023--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Consumers' gain was natural gas producers' pain during the third-quarter, as sagging prices for natural gas dragged down earnings for four large U.S. independent gas-oriented drillers: EQT Corporation (NYSE:EQT) (Pittsburgh, Pennsylvania), Range Resources Corporation (NYSE:RRC) (Fort Worth, Texas), Coterra Energy Incorporated (NYSE:CTRA) (Houston, Texas) and Antero Resources Corporation (NYSE:AR
  • Constellation Energy Discusses Growth Strategy

    November 8, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Constellation Energy Corporation (NASDAQ:CEG) (Baltimore, Maryland) is moving forward with its growth strategy, company executives said Monday, which includes $1.5 billion in investment. Constellation operates the U.S.' largest fleet of nuclear power plants.
  • Air Products' Blue Hydrogen Project in Louisiana Moves Forward with Heftier Price Tag

    November 8, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)-- Industrial gas producer Air Products and Chemicals Incorporated's (NYSE:APD) (Lehigh Valley, Pennsylvania) board of directors is pressing forward with plans to build a blue hydrogen/blue ammonia plant in Louisiana, but with a $2.5 billion increase in the project's price tag, the company's chief executive officer said Tuesday.
  • New England Power Auction, China Crude Oil Imports: Your Daily Energy News

    We have handpicked and summarized a selection of energy-related news stories that we think will interest clients of Industrial Info and IIR Energy.
  • Venezuela y Trinidad y Tobago negocian desarrollos energéticos

    8 de Noviembre, 2023--Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--El viernes, el ministro de energía de Trinidad y Tobago, Stuart Young, y la vicepresidenta de Venezuela, Delcy Rodríguez, se reunieron en Caracas para profundizar sus discusiones en materia de energía. En la reunión también estuvieron presentes los presidentes de Shell Venezuela y Shell Trinidad y Tobago, lo cual señala que las negociaciones sobre el desarr
  • Giant Queensland Hydrogen Project Wins More Funding

    GALWAY, IRELAND--November 8, 2023--Written by Martin Lynch, European News
    Editor for Industrial Info (Galway, Ireland)--One of Australia's most ambitious green hydrogen projects is picking up pace, with the Queensland government awarding a second financial boost.Within this article: Details funding boost for major green hydrogen project, scope, location, partners, related projects
  • Nigeria's Dangote Refinery Opens, to Process Crude from State Oil Firm

    November 8, 2023--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--Exporters in the U.S. and Europe will soon be sending less of their refined product to Nigeria, as the nation opens its long-anticipated Dangote Refinery in December. Nigeria's state oil company, NNPC Limited, is expected to supply Dangote with up to six cargoes of crude oil this month for test runs, according to industry insiders who spoke with Reuters.
  • Japan's ENEOS Aims to Convert Closed Refinery to SAF Complex

    KOFU, JAPAN--November 8, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--ENEOS Corporation (Tokyo, Japan) recently closed its Wakayama Refinery in Arida, Japan, as part of a broader effort to reduce carbon emissions and eliminate aging units. The 120,400-barrel-per-day (BBL/d) Wakayama Refinery started operations in 1941 and had been the oldest refinery from ENEOS.
  • UAE Diversifies into Chemicals

    NEW DELHI--November 8, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--The United Arab Emirates (UAE) is coming forward with an economic policy diversification to reduce the country's economic dependence on oil and gas by making a huge investment in the chemical industry to manufacture new and diversified products.Industrial Info is tracking more than 50 active projects across the UAE's Chemical Industry that are set to kick off in the next two years, requiring more than $10 b
  • Brookfield's Renewable Investments Bolster Blossoming Portfolio

    November 7, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Brookfield Asset Management Incorporated (NYSE:BEPC) (Toronto, Canada) far outpaced its investment-management peers in attracting fresh capital in the third quarter, as its portfolio--which is focused on renewable-energy and infrastructure developments--now has more than US$100 billion that can be invested in new projects.Industrial Info is tracking about US$4.5 billion worth of active and planned projects from Brookf
  • BHP to Invest $4.9 Billion for Phase 2 of Major Canadian Potash-Mining Project

    November 7, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Last week, BHP Group Limited (Melbourne, Australia) announced it plans to invest US$4.9 billion (C$6.4 billion) for the second phase (Stage 2) of its under-construction Jansen potash-mining project in Saskatchewan, Alberta. The US$5.7 billion (C$7.5 billion) first phase (Stage 1) kicked off last year.
  • Gold Mining Projects Thrive Amid Economic Uncertainty

    NEW DELHI--November 7, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Investors have long recognized gold as a safe haven investment in times of economic uncertainty and market turbulence. Industrial Info is tracking 2,154 gold ore mining projects globally, with an estimated investment value of US$209.89 billion.
  • Venezuela, Trinidad & Tobago Discuss Energy Developments

    November 07, 2023--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--On Friday, Trinidad and Tobago Energy Minister Stuart Young and Venezuela Vice President Delcy Rodriguez met in Caracas, Venezuela, to deepen their energy discussions. The presidents of Shell plc's (NYSE:SHEL) (London, England) operations in Venezuela and Trinidad and Tobago also were present in the meeting, signaling that discussions on the development of the Dragon field continue to progress.Companies
  • El Parlamento evita revocar el contrato Cobre Panamá de First Quantum mientras la mina opera con normalidad a pesar de las protestas

    7 de Noviembre, 2023--Escrito por Amir Richani para Industrial Info Resources (Sugar Land, Texas)--El drama en torno a la mina Cobre Panamá de First Quantum continúa. El jueves, el parlamento panameño aprobó una ley que prohíbe nuevas concesiones para la exploración, extracción y transporte de minerales. La ley incluía un artículo que revocaba el contrato minero de First Quantum, sin embargo, los parlamentarios enmendaron la ley y el
  • Dexcom Gets Green Light For Irish Diabetes Device Plant

    GALWAY, IRELAND--November 7, 2023--Written by Martin Lynch, European News
    Editor for Industrial Info (Galway, Ireland)--Permission has been granted for the construction of a 300 million-euro (US$326 million) pharmaceutical manufacturing facility in Athenry, Galway, in the west of Ireland.
    Within this article: Details green light for Dexcom's first European manufacturing plant in Ireland, investment, capacity, timescale
  • India's Gujarat to Harness Wind, Solar Under New Policy

    NEW DELHI--November 7, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Gujarat's "Renewable Energy Policy for 2023-2028" is improving on its 21.6 gigawatts (GW) of renewable-energy capacity--half of which has been added in the past four years--with plans to attract about US$68 billion worth of renewable investments.
  • Targa Piles on Gas-Processing Capacity in Permian, Gulf Coast

    November 6, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Targa Resources Corporation (NYSE:TRGP) (Houston, Texas) reported a 23% jump in natural gas liquids (NGL) production across all its operating regions in the third quarter, with related processing volumes bolstered by its full acquisition of the Grand Prix NGL pipeline earlier this year. Grand Prix delivers NGL to processing facilities from the Permian Basin, where one executive said Targa's "volumes are going to conti
  • ISM: U.S. Manufacturing Activity Plunges in October

    November 6, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. manufacturing activity contracted sharply in October after showing improvement in September and August, according to a survey report by the Institute for Supply Management (ISM), as demand took a hit. Still, Industrial Info's Global Market Intelligence (GMI) Project Database shows project activity in the Industrial Manufacturing Industry remains robust.
  • Panamanian Legislators Avoid Revoking First Quantum's Cobre Panama Contract

    November 6, 2023--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--The National Assembly of Panama on Friday approved a moratorium on new metal mining concessions but stopped short of revoking First Quantum Minerals' (Vancouver, British Columbia) new Cobre Panama contract. The miner said its copper operations remained uninterrupted despite mounting protests.
  • Europe Turns to Africa For Critical Raw Materials

    GALWAY, IRELAND--November 6, 2023--Written by Martin Lynch, European News
    Editor for Industrial Info (Galway, Ireland)--The European Union (EU) has announced a series of major investments worth billions of euros in a number of African nations in an effort to secure supply of critical and strategic raw materials.
    Within this article: Details major investments by Europe in African nations for raw materials, key minerals, projects and partners
  • Brunei Shell Petroleum Inaugurates New Offshore Developments

    MANILA--November 6, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Brunei Shell Petroleum Co. Sdn Bhd. (BSP) has completed the installation of the EGWJ02 production platform installation in line with its low-cost development initiative for the Egret East marginal field. This represents one among several ongoing projects BSP is engaged in, including the recent finalization of the SLWJ01 production platform for the Salman field, showcasing their dedication to tapping into Brune
  • AEP Ramps Up T&D Projects in High-Growth Areas, Adds Renewables

    November 3, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--American Electric Power Company Incorporated (NASDAQ:AEP) (AEP) (Columbus, Ohio) grew its customer base and saw stronger earnings in third-quarter 2023 when compared with the same period last year, despite substantially higher costs spurred by rising interest rates. It was a tricky balancing act, but AEP managed to add customers while increasing electricity rates in a way that did not prove too burdensome to users.Ind
  • Shell Aside, Investors Unimpressed with Big Oil's Third Quarter

    November 3, 2023--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Third-quarter earnings slumped for three large international integrated supermajor oil firms, Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX) and BP plc (NYSE:BP). But Shell plc (NYSE:SHEL) increased third-quarter profits, partly because the prices and margins for its oil, natural gas and chemicals increased, while peers experienced declining or flat prices.ExxonMobil announced and closed
  • Arizona's Largest Utility Estimates $5 Billion+ Capex through 2025

    November 3, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Arizona Public Service Company (APS) (Phoenix, Arizona) is planning for a total $1.8 billion in capital investment for 2023, and an estimated $5.45 billion through 2025, which would be buoyed by transmission and distribution (T&D) spending, according to the utility's third-quarter earnings presentation, released November 2. APS is the principal subsidiary of Pinnacle West Capital Corporation (NYSE:PNW) (Phoenix, A
  • Missouri Sees $4 Billion in Projects Under Construction

    November 3, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking more than $4.1 billion worth of industrial projects that are under construction in Missouri. Thanks in part to a large data center project, the Industrial Manufacturing Industry leads the state in terms of overall project value, followed in second position by the Pharmaceutical-Biotech Industry.
    Companies featured: Meta Platforms Incorporated (NASDAQ:META), AES Corporation (NYSE:AES)
  • EU, Bangladesh Partner to Boost Renewables, Fight Climate Change.

    NEW DELHI--November 3, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--The European Union (EU) and Bangladesh have agreed to 400 million euros (US$425 million) in renewable-energy development at the Global Gateway Forum (Brussels). The partnership aims to empower Bangladesh to meet its climate goals for a cleaner, more resilient energy future.

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