Production & Industry news

• Canadian Wildfires Encroach on Oil-Rich Areas

  14-05-2024 08:50 via industrialinfo.com
  
  May 14, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The Canadian government announced hundreds of millions of dollars in investments and tax credits to address wildfires as a busy season threatens installations in oil-rich Alberta and elsewhere.The U.S. National Weather Service has advisories in place for parts of Minnesota and Wisconsin due to smoke from the wildfires in Canada. Forecasters said the smoke is creating unhealthy conditions for vulnerable seg
  
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• Canada's Oil Sands Region Booms as Trans Mountain Expands

  11-06-2024 08:55 via industrialinfo.com
  
  June 11, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Oil and gas developers in Canada's oil sands region are rushing to take advantage of the Trans Mountain Pipeline's newly expanded capacity, which offers them access to better prices and newer markets from Canada's western coast. The long-anticipated infrastructure milestone is giving developers a reason to add bitumen production capacity to their portfolios, especially in northern Alberta.Industrial Info is tracking more
  
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• Noble Vies to Acquire Diamond Offshore Drilling

  11-06-2024 08:50 via industrialinfo.com
  
  June 11, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Adding its name to the growing list of those pursuing an aggressive merger and acquisition strategy, Noble Corporation plc (NYSE:NE) (Sugar Land, Texas) said Monday it entered into an agreement to buy upstream-focused Diamond Offshore Drilling Incorporated (NYSE:DO) (Houston, Texas) for about $1.6 billion.
  
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• Berkshire Hathaway, Occidental Form Lithium-Extraction Venture

  11-06-2024 08:45 via industrialinfo.com
  
  June 11, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Last week, Berkshire Hathaway (NYSE:BRK.A) (Omaha, Nebraska) and Occidental Petroleum Corporation (NYSE:OXY) (Oxy) (Houston, Texas) announced that they would team up to determine whether lithium can be extracted from geothermal brine produced at Berkshire Hathaway's geothermal power plants in California's Imperial Valley in an environmentally friendly manner.
  
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• Vitol Says Diversity Is Key for Cleaner Fuels for Shippers

  11-06-2024 08:40 via industrialinfo.com
  
  June 11, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Dutch multinational energy company Vitol (Rotterdam) said Monday it was on pace to meet its emissions reduction target in shipping, but added that no single fuel will help meet its goal.Vitol said it was on pace to cut its carbon emissions by 40%, compared to 2008 levels, this year, pledging to respect the cleanup efforts embraced by the U.N.-backed International Maritime Organization (IMO).
  
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• Mountain Valley Pipeline Progresses, Entergy & NextEra Team Up: Your Daily Energy News

  11-06-2024 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:Equitrans Midstream (NYSE:ETRN), Entergy Corporation (NYSE:ETR), NextEra Energy Incorporated (NYSE:NEE)
  
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• Equinor Pumps $1 Billion into Troll Gas Field Expansion

  11-06-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--June 11, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Norway's oil and gas major, Equinor, has confirmed plans to invest more than NOK 12 billion ($1.1 billion) to develop the gas infrastructure of its Troll Westfield in the North Sea.
  Within this article: Details new investment in Troll gas field, project, capacity, partners, contracts awarded
  
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• Texas Home to Billions in Project Spending for 3Q Kickoffs

  10-06-2024 08:56 via industrialinfo.com
  
  June 8, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Texas is home to a wide variety of industrial activity, including data centers and oil and gas. Industrial Info is tracking about $6 billion worth of projects in Texas set to begin construction during the third quarter that have a high probability (81-99%) of moving forward as planned, with the development of data centers and oil and gas assets as a key component.
  
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• Do Rig Counts Still Matter?

  10-06-2024 08:54 via industrialinfo.com
  
  June 10, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Amid renewed concerns about the growth trajectory for U.S. oil and gas production, the latest data show upstream activity is at something of a standstill.Barometers gauging expected trends in the U.S. oil and gas sector are fluid and variable, from the speed of drilling to the yield from each new well. But rig counts are still among the more important indicators of future growth expectations.
  Not all well
  
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• U.S. Solar Development Sees Increased Canceled and On-Hold Projects

  10-06-2024 08:50 via industrialinfo.com
  
  June 10, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--U.S. solar power project development slowed sharply in 2023, according to data tracked by Industrial Info. Solar still is hot, but it's not as hot as it used to be, as a growing number of projects have been cancelled or placed on hold.
  Last year, for the first time in at least a decade, the number of U.S. solar projects that were cancelled or placed on hold outnumbered the number of solar projects that were co
  
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• U.S. Auto Industry Revs Up More than 240 Maintenance Projects

  10-06-2024 08:48 via industrialinfo.com
  
  June 10, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--As Americans plot their summer driving plans amid heretofore unseen temperatures, automotive and auto-part manufacturers are preparing to tune up operations at their plants, which produce everything from trucks to tires to transmission systems.Industrial Info is tracking more than 240 maintenance-related projects at automotive and parts facilities across the U.S. that are set to begin in the third quarter. Toyota Motor C
  
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• NV Energy Makes PPA with One of Many Upcoming Solar Plants in Nevada

  10-06-2024 08:46 via industrialinfo.com
  
  June 10, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Nevada utility NV Energy (Las Vegas) has been steadily signing power purchase agreements (PPAs) with solar developers in its home state. And Nevada certainly doesn't lack potential solar projects:Industrial Info is tracking more than 100 active solar projects in the state valued at nearly $110 billion. The vast majority of these projects have been designated by IIR as having a low probability (0-69%) of moving forward as
  
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• More Than 60% of Global Spend Targets Clean Tech, IEA Finds

  10-06-2024 08:45 via industrialinfo.com
  
  June 10, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Global investments in clean energy are expected to account for the bulk of the spending in energy technology this year, though progress remains lopsided, the International Energy Agency (IEA) said.
  
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• South Africa Voters Push Back on ANC's 30-Year Rule

  10-06-2024 08:42 via industrialinfo.com
  
  June 10, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--After receiving just 40% of the vote in recent South African elections--the first time since 1994 they have not had a sufficient mandate to form a government without help--Prime Minister Cyril Ramophosa's African National Congress (ANC) is at a crossroads. And so is the nation's energy policy.
  
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• What Does Mexico's New President Mean for the Energy Industry?

  10-06-2024 08:40 via industrialinfo.com
  
  June 10, 2024--Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Mexico elected its first female president on June 2. Claudia Sheinbaum, an energy engineer, is set to take the helm in October, following the nationalistic administration of her mentor, Andres Manuel Lopez Obrador. But will Sheinbaum follow in Lopez Obrador's footsteps, or promote her own agenda in the energy industry?
  
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• Europe Rolls Out Hydrogen-in-Transport Funding

  10-06-2024 08:11 via industrialinfo.com
  
  GALWAY, IRELAND--June 10, 2024--Written by Martin Lynch, European News
  Editor for Industrial Info (Galway, Ireland)--Hydrogen use in the transport sector has received a major financial boost from the European Commission in the form of 1.4 billion euro ($1.5 billion) in subsidies for projects.
  Within this article: Details European funding for hydrogen-in-transport, projects, goals, related hydrogen acceleration plans in Germany
  
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• Lotte Biologics Invests Big in South Korea

  10-06-2024 07:39 via industrialinfo.com
  
  KOFU, JAPAN--June 10, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is tracking three active projects from Lotte Biologics (Seoul, South Korea) in Yeonsu, South Korea, with a total investment value of US$3 billion. The projects include one grassroot plant that will be followed by two additions that are aimed at the production of active pharmaceutical ingredients.
  
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• Australia's Qenos to Close Petrochemical Plant

  10-06-2024 07:35 via industrialinfo.com
  
  PERTH, AUSTRALIA--June 10, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Qenos Pty Limited (Altona, Victoria), one of Australia's leading chemical manufacturers, is closing its petrochemical-production site in the Botany Industrial Park of Matraville, New South Wales, amid financial losses and rising natural gas prices.
  
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• U.S. Warehousing, Distribution Demand Spurs Third-Quarter Kickoffs

  07-06-2024 08:55 via industrialinfo.com
  
  June 7, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Marquee names like Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington) and FedEx Corporation (NYSE:FDX) (Memphis, Tennessee) are expanding their logistics operations in busy areas, and the warehousing and distribution sector is seeing a corresponding growth in buildouts.Industrial Info is tracking more than $3.5 billion worth of warehousing and distribution projects across the U.S. that are set to begin constructi
  
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• EPRI Report Sees Dramatic U.S Electric Demand Growth from Data Centers

  07-06-2024 08:55 via industrialinfo.com
  
  June 7, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--The rapid growth of energy-gobbling data centers has challenged the U.S. electricity industry in recent years, and the challenges likely will escalate, potentially sharply, for the remainder of this decade, according to a new report from the Electric Power Research Institute (EPRI) (Palo Alto, California).
  
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• Dallas Fed Sees Links Between Jobs, Rig Counts and Oil Prices Breaking

  07-06-2024 08:50 via industrialinfo.com
  
  June 7, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Data from the Federal Reserve Bank of Dallas show job growth in the oil and gas sector is sluggish, though the usual indicators--rig counts and oil prices--are becoming less of a determining factor.The Dallas Fed found that job growth over the four-month period to the end of April was at 2%, while the unemployment rate stood at 4.2% over the period. Nationally, job openings through April fell to the lowest
  
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• U.S. Teems with Trailer-Manufacturing Projects

  07-06-2024 08:40 via industrialinfo.com
  
  June 7, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Tractor trailers play an outsized role in the U.S. economy, responsible for delivering goods within states, between states, and also to and from Mexico and Canada. The proof in the importance of shipping by truck can be seen every day on the nation's roads and highways. Despite this large presence, shipping by truck in the U.S. has actually been declining. The Commercial Carrier Journal reports that truck shipments in the
  
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• Norway Sees Oil, Gas Promise in Barents Sea Mud Volcanos

  07-06-2024 08:40 via industrialinfo.com
  
  June 7, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The offshore regulator for Norway is looking at recently discovered mud volcanos in the Barents Sea as possible indicators of new fossil-fuel reserves. The Norwegian Offshore Directorate (NOD) said as many as 10 new mud volcanos were discovered in waters as deep as 1,500 feet in the western part of the Barents Sea.Norway's government reported that oil production averaged 1.85 million BBL/d in April, the la
  
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• Freeport LNG, New York & California Power: Your Daily Energy News

  07-06-2024 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.
  
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• Electing the Future: India's Modi Continues as PM, but Faces Energy Challenges

  07-06-2024 08:30 via industrialinfo.com
  
  June 7, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--Of the recent elections in India, in which longtime prime minister Narendra Modi's Bharativa Janata Party (BJP) lost its ability to govern without a coalition, one analyst was quoted by Bloomberg as saying, "This is not an election--it is a kind of political earthquake." Niranjan Sahoo, senior fellow with the New Delhi-based Observer Research Foundation added, "Even if Modi becomes the prime minister, his po
  
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• Japan's Marubeni to Develop 1.1 GW of Wind Projects in Saudi Arabia

  07-06-2024 07:05 via industrialinfo.com
  
  NEW DELHI--June 7, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Marubeni Corporation (Tokyo, Japan) has entered into an agreement with the Saudi Power Procurement Company (SPPC) (Riyadh, Saudi Arabia) to develop two significant wind-energy projects in Saudi Arabia. These projects will be undertaken in partnership with Abdulaziz Alajlan Sons for Commercial and Real Estate Investments Company (Riyadh) and Ajlan & Bros (Riyadh).Industrial Info is tracking 52 renewable ener
  
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• Join Industrial Info In Person for Our Mid-Year North American Market Outlook

  06-06-2024 08:56 via industrialinfo.com
  
  June 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Industrial Info is pleased to be presenting our popular in-person Mid-Year North American Market Outlook event at the Sugar Land Marriott Hotel near IIR's world headquarters on Wednesday, June 12. Check-in and registration start at 3 p.m., and the presentations begin at 4 p.m.
  
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• Mexico's New President Inherits an Economy in Shambles

  06-06-2024 08:55 via industrialinfo.com
  
  June 6, 2024--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Claudia Sheinbaum, Mexico's president-elect, will inherit "a number of headaches" when she is inaugurated later this year, a longtime observer of Mexican affairs told Industrial Info in an interview this week. Under Sheinbaum's predecessor, Andrés Manual López Obrador, or AMLO, Mexico's economy deteriorated significantly. Notably, liberalization of the Electric Power, Oil and Gas and Metals and Mi
  
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• As Permian Gets Gassier, Takewaway Capacity Ramps Up to Maintain Crude Production

  06-06-2024 08:55 via industrialinfo.com
  
  June 6, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--A significant number of new pipelines are in various stages of planning and development in the Permian Basin. The goal is more about maintaining oil production than handling gas, according to Shane Mullins, Industrial Info's vice president of energy products and project development, but unless the associated gas has a pathway out, oil production could be inhibited.
  
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• U.S. T&D Providers Prepare for Buildouts in Scorching Summer

  06-06-2024 08:54 via industrialinfo.com
  
  June 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Hotter weather means more energy demand, and temperatures this summer are expected to be especially high. A "heat dome" that has been scorching Mexico for the past few weeks, leading to dozens of deaths, is headed to the U.S. West, according to Weather.com, and other parts of the country already were reporting higher-than-average temperatures toward the end of the spring season. This means transmission and distribution (T
  
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