Production & Industry news

• Big 'Ifs' on Venezuelan Oil Sector Revival

  06-01-2026 23:00 via industrialinfo.com
  January 7, 2026--Written by Daniel Graeber for IIR Energy (Sugar Land, Texas)--It's possible the Venezuelan oil sector will return to its previous glory from the mid-1970s, but it will require substantial investments and decades-long commitments, analysis from IIR Energy found.Venezuela is a founding member of the Organization of the Petroleum Exporting Countries (OPEC) and sits on top of the largest oil reserves in the world. Oil production peaked in the 1970s at 3.7 million barrels per day (BB
  
  Read more

• Big Questions About Oil and the Future of Venezuela

  06-01-2026 08:57 via industrialinfo.com
  The U.S. capture of Venezuelan President Nicolás Maduro and his wife over the weekend roiled both energy and geopolitical waters worldwide. U.S. President Donald Trump is promising to use the capture as leverage to help U.S. oil companies recover assets lost in Venezuela's 2007 nationalization of its oil industry--and to "run the county" if necessary to accomplish that.Many questions arise from these declarations. Are any oil companies willing to risk an investment that might never pay ou
  
  Read more

• Transport, Steel Pipe Needs Fuel Downstream U.S. Metal Sector

  06-01-2026 08:55 via industrialinfo.com
  January 6, 2026--Written by Will Ploch, Assistant Editor-in-Chief for IIR News (Sugar Land, Texas)--Technological changes across the energy and transportation sectors are driving product development for companies that process metals into industrial components. Industrial Info is tracking more than $2 billion worth of capital-spending projects across downstream U.S. Metal & Minerals Industry sectors that are set to begin construction before the end of the first quarter; these sectors cover th
  
  Read more

• Israel's Nofar Energy Grows U.S. Solar Presence with Pine Gate Assets Acquisition

  06-01-2026 08:50 via industrialinfo.com
  Israel's Nofar Energy (Tel Aviv) has taken a US$285 million dive into the U.S. solar sector, shoring up the assets of its U.S. subsidiary Nofar USA (Boca Raton, Florida), with the purchase of nine U.S. assets from troubled company Pine Gate Renewables (Asheville, North Carolina). The transaction comes about as a result of Pine Gate's filing for Chapter 11 bankruptcy protection in November last year, prompting it to surrender assets at seemingly bargain prices.
  
  Read more

• Advertisement

• ISM: U.S. Manufacturing Activity Reaches Lowest Level in 2025

  06-01-2026 08:50 via industrialinfo.com
  January 6, 2026--Written by Danny Levin, Deputy Editor for IIR News (Sugar Land, Texas)--The Institute of Supply Management's (ISM) Purchasing Managers Index, a leading indicator for the level of economic activity in U.S. manufacturing, reached its lowest figure for 2025 (and a 14-month low) as manufacturers continue to face challenges related to tariffs and other economic uncertainty.
  
  Read more

• Vistra, Japan's New Gas-Fired Power Plant, Oil Exec Meeting: Your Daily Energy News

  06-01-2026 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.
  
  Read more

• Brazil's Buzios Field Reaches 1.15 Million BBL/d

  06-01-2026 08:30 via industrialinfo.com
  January 6, 2026--Written by Amir Richani for IIR News (Sugar Land, Texas)--Petrobras (Rio de Janeiro, Brazil) has announced the first oil from the P-78 platform, the seventh production platform at the Buzios oil field in the Santos Basin offshore Rio de Janeiro. With P-78, the field will reach an operational oil production capacity of 1.15 million barrels of oil per day (BBL/d).
  
  Read more

Follow @ProductIndustry on Twitter!